Cardano (ADAUSD) advanced in its latest intraday trading, supported by positive signals from the RSI indicators after they had previously reached extremely oversold levels. However, this move comes under the dominance of the main short-term descending trend, with continued negative pressure from trading below the 50-day SMA, which limits the price’s chances of a sustained recovery in the near term.

Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level at 0.3700, targeting the support level at 0.3370.

Expected trend for the upcoming trading: Bearish

Dash (DASHUSD) has been moving sideways within a narrow trading range, as the price attempts to relieve its clear oversold condition on the RSI indicators, especially with the emergence of positive signals. This comes amid the dominance of the main short-term descending trend, with price action remaining below the 50-day SMA, which has kept pressure on the price and forced it to remain in a consolidation phase.

Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as the resistance level at $43.30 remains intact, targeting the support level at $34.90.

Expected trend for the upcoming trading: Bearish

Blackstone Inc. (BX) declined in its latest intraday trading, amid the flow of negative signals from the RSI indicators, as the stock attempts to build positive momentum that may help it recover and rise again. This comes while benefiting from dynamic support provided by trading above its 50-day SMA, which reinforces the stability of a short-term ascending sub-wave. In addition, we note that the RSI indicators have reached excessively oversold levels compared with the stock’s price action.

Therefore we expect the stock to rise in its upcoming trading, provided that the support level at $149.00 holds, targeting the resistance level at $162.70.

Today’s price forecast: Bullish

Palo Alto Networks, Inc. (PANW) edged higher in its latest intraday trading, accompanied by a noticeable increase in trading volumes, as the stock attempts to recover part of its previous losses. This move comes after the stock was affected by breaking a medium-term ascending trendline, while negative pressure continues due to trading below its previous 50-day SMA. In addition, negative signals are flowing from the RSI indicators.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level at $193.10, targeting the important support level at $180.00.

Today’s price forecast: Bearish