Bitcoin (BTCUSD) price settles lower during its recent intraday trading, affected by the continued negative pressure resulting from trading below EMA50, which represents dynamic resistance that reinforces the chances of further declines in the near term, amid price movements within its short-term bearish corrective path.
This coincides with negative signals emerging from the relative strength indicators, reflecting the strength of the bearish momentum surrounding the price and reducing the chances of a full recovery in the near term.
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Crude Oil price maintains its strong gains witnessed during its recent intraday trading, pausing briefly to catches its breath, taking profit from its gains and attempting to alleviate some of its clear overbought conditions on the relative strength indicators, particularly with the beginning of a bearish crossover emerging on them.
MoreSilver price declined slightly during its recent intraday trading as the important resistance level at 67.40$ held firm, prompting the price to take profit from its previous gains while attempting to gain positive momentum that may help it break through this resistance. At the same time, the price is attempting to alleviate some of its clear overbought conditions on the relative strength indicators, particularly with the beginning of a bearish crossover emerging on them.
MoreGold price rose during its recent intraday trading, testing the resistance of a short-term bearish corrective trend line, approaching EMA50’s resistance, increasing the significance of this area as a pivotal resistance zone that could determine the upcoming trend in the near term.
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