ClearValue Team Insights
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Solana Rebounding After Recent Rejection
Solana formed a strong rejection from the red resistance line around $161. The price has been trending down over the weekend, but SOL has started to rebound back up. I think SOL could form a bullish breakout on the next move up, SOL would need a convincing break above $159. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreEthereum Trying to Break Through $2.7K – $2.8K Resistance Zone
Ethereum has rebounded from a $2.1k support level, and is trying to break through a resistance zone between $2,700 and $2,800. Although Ethereum’s price action has been disappointing so far, we did see similar price action for Bitcoin after the BTC spot ETFs were approved. I still think it is possible for Ethereum to have […]Read More
Bitcoin Holds Above $58.4k Support Zone
I think we are trending for a boring day today, the key objective is for Bitcoin to hold above the $58.4k support level. There is a white support zone between $58.4k and $60.3k, and BTC is trading near the lower end of this range. There has been a wick below $58.4k, but BTC has been […]Read More
NASDAQ and S&P Likely to Experience Volatility Headed into July Inflation Data
All eyes on inflation data this week. On Tuesday and Wednesday we will receive July PPI and CPI inflation data. This inflation reading will be extremely important because the Sahm’s rule has been activated and investors are concerned for a recession. Strong inflation data will help to ease those concerns so that the stock market […]Read More
HOLO Receives Minimum Bid Notice
HOLO received a NASDAQ minimum bid notice, and has until Feb 10, 2025 to get the price above $1 to avoid delisting https://www.tipranks.com/news/company-announcements/microcloud-faces-nasdaq-minimum-bid-hurdle HOLO has been in a steep downtrend since forming a peak on Feb. 16, 2024. I’ve been patiently waiting for a trend reversal, and we have one of the strongest weeks approaching […]Read More
Bitcoin’s Fills CME Gap, $2.46 B Worth of BTC & ETH Options Expire Today
Bitcoin had a very bullish day yesterday, rising by $7,300 in a single day to fill the CME gap. Today there are ~ $2.5 billion worth of BTC and ETH options contracts expiring. Traders are likely taking profit after yesterday’s strong rally, and we are starting to see some red today. I think there will […]Read More
NASDAQ, S&P Rebound from Lower End of the Trading Range
The NASDAQ has formed a bullish rebound from the lower end of this wedge pattern. QQQ was oversold after the flash crash, and dropped below the lower end of the wedge due to the crash. There has been a rebound forming over the past week, and yesterday the NASDAQ and S&P had a very bullish […]Read More
NVDA Likely to Rally Into Upcoming Earnings
Nvidia has formed a strong rebound since the recent flash crash. There is an upcoming earnings announcement on August 28. NVDA has a strong bullish seasonality trend that starts from August 19 to August 29. I think there is likely to be a rally headed into earnings. We have seen NVDA consistently rally before and […]Read More
Solana Reaches Key Resistance Level
Solana has experienced one of the strongest rebounds across the financial markets, which demonstrates the high demand and interest in SOL. Today SOL has reached the first key price target, and I would monitor the price for a bullish breakout here. There could be some selling taking place at this resistance level at first. Follow […]Read More
TSN Trading Within a Large Channel
TSN formed a bullish rebound off the white zone, flipping it from resistance into support. I have a yellow channel with a range between $50 – $132.67. I would patiently wait for a buy opportunity near the lower end of the range around $50-51. There is also a small light blue channel forming, there could […]Read More
QQQ Continues to Trade Sideways Under $500
QQQ is currently trading above the white zone, and is making some gradual progress to the upside. There is a yellow resistance line at $500 and resistance at all time highs near $503.35. I think there could be pullbacks at these price levels and some continued sideways price action for now with support building in […]Read More
AMD Struggling to Remain in the Light Blue Channel
AMD has been trading within the light blue channel since Oct. 2022. Starting in July 2024 AMD has broken below the support line of this channel, and has struggled to reclaim support ever since. There have been 3 breaks below support, and AMD is looking bearish here. I think AMD will struggle to climb above […]Read More