Brent crude oil witnessed limited movement on its intraday levels, as the price attempts to gain positive momentum that may help it break through the key resistance level at $64.80. breaching this level would confirm the validity of a positive technical formation on a short- term basis, (an inverted head and shoulders pattern). If this breakout occurs, it will also indicate that the price has overcome the negative pressure from the EMA50, announcing its full recovery.
Bitcoin (BTCUSD) has been moving within a narrow sideways range Since the beginning of yesterday’s trading, attempting to gain the required positive momentum to break through the stubborn resistance level at $84,500. This comes amid continued control of the short-term upside correctional trend, supported by ongoing positive pressure due to trading above EMA50.
Ethereum’s price (ETHUSD) settled with a slight decline in its most recent intraday trades, pressured by negative signals from the Relative Strength Index (RSI) after reaching overbought areas, as an attempt to gain positive momentum that may help it breach the key resistance level at $1,636, coinciding with attacking a minor bearish bias on a short-term basis. The move is supported by continued positive support, due to trading above the EMA50.
Bitcoin price (BTCUSD) settles after a slight rise in its recent intraday trading, after witnessing fluctuated trading all day, attempting to breach the stubborn resistance level at $84,500, supported by the dominance of the bullish correctional trend on the short- term basis, accompanied by the positive signals that appear on the (RSI).