The (silver) price declined in its last intraday trading, after reaching the critical resistance level at $34.50, to gather the gains of its last rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals appearance, gathering its positive strength that might assist it to breach this resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The (Brent) price declined its last intraday trading, affected by the stability of the resistance level at $65.45, this resistance is our previously targeted resistance, accompanied by testing a minor bearish channel’s range on the short-term basis, with the emergence of the negative signals on the (RSI), after reaching overbought levels, on the other hand, the continuous dynamic support remains valid due to its trading above its EMA50.
The (ETHUSD) price soars high in its last intraday trading, to succeed to get rid of the negative pressure of the EMA50, to recover amid the dominance of the main bullish trend on the short-term basis, on the other hand, we notice the beginning of forming negative overlapping signals on the (RSI), after reaching overbought levels, which might decrease the upcoming gains due to its neediness to offload its overbought conditions.
The (Bitcoin) price rose in its last intraday trading, supported by the emergence of positive signals on the (RSI) after reaching exaggerated oversold levels, providing bullish momentum that pushed the price to test the critical resistance at $106,550, this resistance represents a key point to detect the upcoming trend.
This rise comes with the price reach to the resistance of the EMA50, reinforcing the strength of this level as a critical level, especially with the continuation of the trading within a bearish correctional trend range on the short-term basis alongside a bias line, which pushes us to be cautious from surpassing these obstacles currently.