The price of (ALGOUSD) rose slightly in its last intraday trading, amid fluctuated moves, supported by the emergence of the positive signals on the (RSI) until reaching overbought levels, which indicates the return of the losses again amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic resistance that is represented by the price trading below the EMA50.

Therefore, our expectations suggest a decline in the (ALGOUSD) price in its upcoming trading, if the resistance settles at $0.1771, to target the support level at $0.1485.

Today’s forecast: Bearish

The (BTCUSD) witnessed fluctuated trading in its last intraday levels, with its stability below the resistance level at $102,500, amid its trading alongside a minor bearish bias on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared by the price move, which suggest the beginning of forming a negative divergence that will increase the negative pressure on the price.

The (crude oil) declined in its last intraday trading, with the emergence of the negative signals on the (RSI), breaking the minor support levels, surpassing its EMA50, in attempt to look for a higher low to take it as a base that might assist it to gain positive momentum, to return to rally in a new bullish wave.

The (Gold) rose in its last intraday trading, attempting to get rid of the negative pressure on the EMA50, supported by the emergence of the positive signals on the (RSI), which keeps the main bullish trend on the short-term basis, where it settles above the resistance at $3,380.