Dogecoin (DOGEUSD) declined in its latest intraday trading, under the dominance of the main short-term descending trend, with the price moving alongside a trendline supporting this bearish structure. However, the price benefits from dynamic support provided by its trading above the 50-day SMA, in addition to the early formation of a positive divergence on the RSI indicators after they reached extremely oversold levels in an exaggerated manner compared to the price movement, accompanied by the beginning of positive signal inflows.
Therefore we expect a cautious rise in the cryptocurrency in its upcoming intraday trading, as long as it remains above the support level of 0.1450, targeting the pivotal resistance level of 0.1560.
Today’s price forecast: Bullish
Ethereum Classic (ETCUSD) held onto slight gains in its latest intraday trading, supported by its reliance on the 50-day SMA, under the dominance of a short-term corrective upward wave. A positive divergence has begun forming on the RSI indicators after they reached excessively oversold levels compared to the price movement, accompanied by the early arrival of positive signals from these indicators.
Therefore we expect the cryptocurrency to rise in its upcoming intraday trading, as long as it remains above the support level of 13.40, targeting the pivotal resistance level of 14.25 in preparation for testing it.
Today’s price forecast: Bullish
Applied Materials, Inc. (AMAT) extended its gains in its latest intraday trading, successfully breaking through the pivotal resistance level of $242.50. The stock is supported by its continued trading above the previous 50-day SMA, along with positive signals flowing from the RSI indicators despite reaching overbought levels. This comes under the dominance of the main ascending trend, with the price moving alongside a short-term secondary trendline that supports this bullish structure.
Therefore we expect the stock to rise in its upcoming trading, especially as long as it remains above $242.50, targeting the first resistance level at $266.80.
Today’s price forecast: Bullish
Kroger Company (KR) extended its gains in its latest intraday trading, successfully breaking above the resistance of its previous 50-day SMA, accompanied by the early emergence of a positive crossover on the RSI indicators after the stock managed to relieve its overbought saturation. This provides wider room for further near-term gains, allowing the price to attack the upper boundary of a descending corrective price channel that has been containing its recent short-term movement.
Therefore we expect the stock to rise in its upcoming trading, provided it remains above the support level of $64.85, targeting the important resistance level of $69.80.
Today’s price forecast: Bullish