Platinum price touches the main target – Forecast today – 30-4-2024
Platinum Price Analysis
Expected Scenario
- Platinum price took advantage of frequent positive pressures driven by the positive momentum from major indicators, surpassing the $933.00 level and reaching the first main target at $950.00.
- The importance of gathering additional positive momentum is emphasized to maintain levels above $933.00 and establish additional support.
- Waiting to surpass $950.00 is crucial to open the way to reach new positive stations, potentially extending towards $962.00 and $983.00.
Expected Trading Range
Between $938.00 support and $962.00 resistance.
Trend Forecast: Bullish
Copper price attacks the resistance – Forecast today – 30-4-2024
Scenario Analysis for Copper Price
Expected Scenarios
- Copper price successfully reached the second positive target at $4.6700, encountering the extension of the bullish channel’s resistance line.
- Formation of sideways trades is anticipated while stochastic continues to provide positive momentum, facilitating the breach of resistance.
- New positive stations may be targeted, with potential extensions towards $4.8000 and $5.0200.
Trading Range
The expected trading range for today is between $4.5800 and $4.8000.
Trend forecast: Bullish
Ethereum price (ETHUSD) faces solid support – Forecast today - 30-04-2024
Ethereum (ETHUSD) Price Analysis
The Ethereum price (ETHUSD) fluctuates around the EMA50, awaiting negative momentum to assist in breaking 3132.80$ and confirming the continuation of the bearish correction on the intraday and short-term basis, targeting 2905.30$ mainly.
Therefore, the bearish trend scenario will remain valid for the upcoming period. It's worth noting that breaching 3360.30$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
Expected Trading Range
- Support: 3050.00$
- Resistance: 3260.00$
Trend Forecast
Bearish
Bitcoin price (BTCUSD) attempts positively – Forecast today - 30-04-2024
Bitcoin (BTCUSD) Price Analysis
The Bitcoin price (BTCUSD) opens today’s trading with clear positivity, approaching the key resistance at 65391.75$. However, the EMA50 forms solid resistance against the price, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, targeting 60252.85$ mainly. It's worth reminding you that breaching 65391.75$ will stop the correctional bearish scenario and push the price to turn to rise again.
Expected Trading Range
- Support: 61000.00$
- Resistance: 65000.00$
Trend Forecast
Bearish