The price of silver declined in its recent intraday trading, influenced by the formation of a bearish rising wedge pattern in the short term. This decline is accompanied by negative signals from the Relative Strength Index (RSI), despite it reaching oversold areas compared to the price, to begin a short-term correction to the recent bullish wave.
The price of Ethereum (ETHUSD) has slightly declined in its recent intraday trading, influenced by continued negative pressure due to its trading below EMA50. This comes under the dominance of a bearish trend and trading along the trend line in the short term. Additionally, we note that the Relative Strength Index (RSI) has reached overbought levels compared to price movement, adding further negative pressure.
Bitcoin price couldn’t keep its recent gains on the intraday levels, amid the dominance of the bullish correctional trend on the short- term basis, the positive signals appear from the (RSI), this fluctuation makes the price attempt to gain some of the positive momentum that might help it to rise again.
Brent crude oil price declined on its intraday levels, catching its breath to gather its gains naturally, as it attempts to gain positive momentum by getting rid of the clear overbought conditions on the (RSI), amid the dominance of the bullish correctional trend and its trading alongside the trend line on the short- term basis.