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Ethereum (ETHUSD) is surrounded by positive pressures -Analysis-02-05-2025

Economies.com
2025-05-02 02:50AM UTC

Ethereum (ETHUSD) price rose in its recent intraday trading, after a quick rebound to collect its gains and gathers its positive strength by offloading its clear overbought conditions on the (RSI), amid the dominance of the bullish correctional trend on the short- term basis and its trading alongside the bias line, with the continuation of the dynamic support by its trading above its EMA50.

 

Bitcoin is amid positive expectations -Analysis-02-05-2025

Economies.com
2025-05-02 03:20AM UTC

Bitcoin price rose in its recent intraday trading, after reaching our previous target at $97,400, to bounce a little to gather its gains, to succeed in offloading the clear overbought conditions on the (RSI), which provided positive momentum that supported it to rise again preparing to attack the mentioned resistance level.

This comes amid the dominance of the main bullish trend on the short-term basis and its trading alongside the bias line, with the continuation of the positive support due to its trading above its EMA50.

 

Crude oil breaches positive technical pattern-Analysis-02-05-2025

Economies.com
2025-05-02 03:11AM UTC

The crude oil price rose sharply in its recent intraday trading, to breach the key resistance level ay $58.75, this level represents a neckline for a positive technical formation on the short term basis, which is the inverted head and shoulders pattern, as appears in the above chart for 60 minute time frame, and it succeeded to surpass the negative pressure on the EMA50, reinforcing the positive momentum, especially, with the emergence of the positive signals on the (RSI).

 

The performance of the precious metal comes after leaning on the main support of$,3,200previously, which provided positive momentum that helped it to rebound higher, to recover its previous losses, and it managed to offload some of the clear oversold conditions on the (RSI). 

 

Gold begins losing the positive momentum-Analysis-02-05-2025

Economies.com
2025-05-02 03:12AM UTC

The gold declined slightly in its recent intraday trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside the bias line, with the continuation of the negative pressure due to its trading below EMA50.

 

The performance of the precious metal comes after leaning on the main support of$,3,200previously, which provided positive momentum that helped it to rebound higher, to recover its previous losses, and it managed to offload some of the clear oversold conditions on the (RSI).