Bitcoin’s price (BTCUSD) declined in its recent intraday trading, leaning on EMA50’s support, to gain bullish momentum that might push it to recover and target breaching the stubborn resistance level at $68,000.
Accompanied by the continuation of the positive effect of breaching minor bearish trend line on short-term basis, keeping the positive technical overview, and the relative strength indicators begin showing new positive overlapping signals, after reaching exaggerated oversold levels compared to the price move, reinforcing the likelihoods of resuming the rise if the current support settles.
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Crude oil prices declined in their last intraday trading, amid fluctuating trading, affected by the stability of the current resistance at $65.35, accompanied by reaching EMA50’s resistance, forming double negative technical pressure that limited the recovery attempts.
MoreSilver prices reinforced its gains in their last intraday trading, supported by the stability of the key support at $86.00, providing sold technical base that provides clear bullish momentum, this improvement accompanied by forming positive divergence on relative strength indicators after reaching several oversold levels, with the emergence of positive signals that supports the continuation of the recovery.
MoreGold price continues its fluctuating trading withing tight sideways range on the last intraday levels, in a clear attempt to gain bullish momentum that might ease the way for resuming the rise. The price is leaning on key dynamic support that is represented by its stability above EMA50, reinforcing the stability of the bullish trend on short-term basis.
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