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Binance Coin price forms negative technical pattern - Analysis - 01-08-2025

Economies.com
2025-08-01 12:55PM UTC
AI Summary
  • Binance Coin (BNBUSD) has formed a bearish technical pattern, with the price trading below the 50-day simple moving average and showing a short-term corrective downtrend
  • The recent drop confirmed a breakdown below the neckline of a head and shoulders pattern, with bearish signals from the Stochastic indicator
  • The price is expected to decline in upcoming sessions, with a projected target of $707.00 as long as resistance at $815.00 holds

Binance Coin (BNBUSD) declined in its recent intraday trading, under negative pressure from continued trading below the 50-day simple moving average and the dominance of a short-term corrective downtrend. The recent drop confirmed a breakdown below the neckline of a bearish technical formation—namely, a head and shoulders pattern. This decline is further supported by bearish signals from the Stochastic, despite it reaching extremely oversold territory.

 

Therefore, we expect the price to decline in upcoming intraday sessions, as long as resistance at $815.00 holds, targeting the support level at $707.00 as the projected target of the head and shoulders pattern.

 

Today’s price forecast: Bearish.

 

 

 

 

 

 

Toncoin price faces positive outlook - Analysis - 01-08-2025

Economies.com
2025-08-01 12:55PM UTC

Toncoin (TONUSD) rose in its recent intraday trading, supported by continued movement above the 50-day simple moving average, which acts as dynamic support helping to stabilize the short-term upward trend. The price continues to trade along a supportive ascending trendline. Additionally, a bullish crossover is beginning to appear in the Stochastic, after the asset successfully relieved previous overbought conditions, giving it more room to extend its gains.

 

Therefore, we expect the price to rise in upcoming intraday sessions, as long as support at $3.2640 holds, targeting the key resistance level at $3.6858 in preparation to challenge it.

 

Today’s price forecast: Bullish.

 

 

 

 

 

 

Berkshire price suffers from negative pressures - Forecast today - 01-08-2025

Economies.com
2025-08-01 12:48PM UTC

Berkshire Hathaway Inc. New (BRK.B) stock declined in its recent intraday trading, under the control of a short-term corrective downtrend and trading along a descending trendline that reinforces this direction. The stock continues to face negative pressure from trading below the 50-day simple moving average. Additionally, bearish signals are emerging from the Stochastic after reaching extremely overbought territory.

 

Therefore, we expect the stock to decline in upcoming sessions, as long as resistance at $486.90 holds, targeting the support level at $455.30.

 

Today’s price forecast: Bearish.

 

 

 

 

Eli Lilly price breaches upward correctional trend line - Forecast today - 01-08-2025

Economies.com
2025-08-01 12:47PM UTC

Eli Lilly and Company (LLY) stock slipped lower in its recent intraday trading, breaking below a short-term corrective ascending trendline. This drop coincided with a breach of support at the 50-day simple moving average, further intensifying the surrounding bearish pressure—particularly with bearish signals emerging from the Stochastic, despite it being deep in oversold territory.

 

Therefore, we expect the stock to decline in upcoming sessions, as long as resistance at $779.50 holds, targeting the key support level at $709.00.

 

Today’s price forecast: Bearish.