Copper price formed new negative trades to test the bullish channel’s support line at 2.8550 and form clear barrier against the attempts to change the main trend, as the continuous stability of this support increases the chances of renewing the bullish attempts that might target 2.9300 followed by 3.0200 in the upcoming period.
Stochastic reach to the oversold areas confirms getting rid of the negative pressures to agree our bullish overview, also, the consolidation of the moving average 55 around the main support increases its strength to decrease the chances of moving to the negative track.
The expected trading range for today is between 2.8550 and 2.9300
The expected trend for today: Bullish
DashCoin price traded with strong negativity by today’s opening to approach our waited target at 103.25, and it returns to fluctuate near the key support that was broken previously to form resistance now at 116.40, noticing that the price completed forming double top pattern that its signs appear on the chart, which supports the chances of continuing the bearish trend in the upcoming sessions.
Therefore, we suggest witnessing more bearish bias today conditioned by the price stability below 116.40, noting that stochastic provides negative signals to support the expectations to decline.
The expected trading range for today is between 102.55 support and 118.00 resistance
The expected trend for today: Bearish
Litecoin price showed new attempt to break the bullish trend line that appears on the chart without managing to hold below it, to test the resistance line formed at 75.35 after breaking it previously, noticing that stochastic shows clear negative signals now, waiting to motivate the price to resume the negative attempts.
Therefore, our bearish overview will remain valid for the upcoming period, waiting to target 69.43 followed by 60.00 levels mainly, noting that breaching 75.35 might push the price to test 84.30 areas before any new attempt to decline.
The expected trading range for today is between 60.00 support and 80.00 resistance
The expected trend for today: Bearish
Ethereum price succeeded to achieve our first waited target at 154.00, and the price keeps its stability below the previously broken intraday bullish trend line, waiting to resume the bearish bias to break the mentioned level and confirm extending the bearish wave towards 137.24 that represents our next target.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 170.76 level and holding above it.
The expected trading range for today is between 145.00 support and 170.00 resistance
The expected trend for today: Bearish