Dogecoin (DOGEUSD) stabilized with cautious gains in its latest intraday trading, benefiting from the firmness of the pivotal support level at 0.1324, which provided some positive momentum and helped the price achieve these gains. This move was supported by positive signals flowing from the RSI indicators after they had previously reached extremely oversold levels. However, negative pressure continues as the price trades below its 50-day SMA, reinforcing the stability and dominance of the main short-term descending trend, with the price moving alongside a supporting trendline.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, especially if it breaks the mentioned support level at 0.1324, targeting thereafter the next support at 0.1255.
Expected trend for the upcoming trading: Bearish
Ethereum Classic (ETCUSD) is holding onto gains in its latest intraday trading, supported by positive signals flowing from the RSI indicators despite their presence in extremely overbought territory. The price is also influenced by the firmness of the pivotal support level at 12.50, as it attempts to recover part of its previous losses. However, this comes while trading alongside a main short-term descending trendline and remaining below its 50-day SMA, which limits the chances of a near-term recovery.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level at 13.25, targeting once again the mentioned support level at 12.50 in preparation for a potential break.
Expected trend for the upcoming trading: Bearish
The Trade Desk (TTD) declined in its latest intraday trading amid continued negative pressure from trading below its previous 50-day SMA, which reinforces the stability and dominance of the main medium-term descending trend. In addition, negative signals continue to flow from the RSI indicators after forming a bearish divergence following their move into excessively overbought territory compared with the stock’s price action.
Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $42.95, targeting the support level at $29.75.
Today’s price forecast: Bearish
Comcast Corporation (CMCSA) declined in its latest intraday trading after approaching resistance at its previous 50-day SMA, which limits the stock’s chances of a near-term recovery. This comes amid the dominance of the main medium-term descending trend, with the price moving alongside a short-term secondary trendline that supports this bearish structure. We also note that the RSI indicators have reached extremely overbought levels.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $28.28 remains intact, targeting the pivotal support level of $25.75.
Today’s price forecast: Bearish