Cardano (ADAUSD) price advanced in its latest intraday trading, as it attempts to recover part of its prior losses while also working to unwind its clear oversold levels in the Stochastic indicators, with positive signals beginning to appear. On the other hand, bearish pressure persists from trading below its 50-day SMA, while the price had earlier been impacted by the break of a short-term corrective upward trend line, reducing the chances of a near-term recovery.
Therefore, we expect the currency to decline in its upcoming intraday trading, as long as the resistance level of 0.9028 holds, to then target the key support level of 0.8144.
Today’s price forecast: Bearish.
Binance Coin (BNBUSD) price held steady with gains in its latest intraday trading, supported by ongoing movement above its 50-day SMA. The short-term main bullish trend remains in control, with trading moving along an upward slope line. The price is preparing to test the important resistance level of 949.50, helped by positive signals in the Stochastic indicators after reaching strongly oversold levels.
Therefore, we expect the currency to rise in its upcoming intraday trading, especially if it breaks the mentioned resistance of 949.50, to then target its next resistance at 980.00.
Today’s price forecast: Bullish.
Take-Two Interactive Software, Inc. (TTWO) stock advanced in its latest intraday trading, confirming the breakout above the key resistance level of 245.00, which had been our previous price target. Continued positive momentum is supported by trading above its prior 50-day SMA, while the main bullish trend remains in control with movements along a short-term upward slope line. Additionally, a positive crossover has begun to appear in the Stochastic indicators, after the stock successfully unwound its earlier overbought levels, giving it more room to advance.
Therefore, we expect the stock to rise in its upcoming trading, especially as long as it remains above 245.00, to then target its next resistance at 263.00.
Today’s price forecast: Bullish.
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) stock advanced slightly in its latest intraday trading, continuing its choppy sideways moves within a narrow range. This consolidation aims to gather positive momentum that could support recovery and a renewed rise, while also working to unwind some of its clear overbought levels in the Stochastic indicators, especially with negative signals beginning to appear.
Despite this sideways action, the stock remains stable above the key resistance of 248.25, confirming its breakout. The medium-term main bullish trend stays in control, with trading moving along an upward slope line that reinforces the stock’s recovery prospects.
Therefore, we expect the stock to rise in its upcoming trading, especially as long as it holds above 248.25, to then target its next resistance at 283.40.
Today’s price forecast: Bullish.