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Ethereum price (ETHUSD) begins bearish correction – Forecast today - 23-10-2024

Economies.com
2024-10-23 03:48AM UTC

Ethereum price (ETHUSD) provided additional negative trades to break 2623.77$ level and settle below it, to start bearish correction for the rise that started from 2328.16$ areas, on its way to visit 2548.15$ followed by 2496.22$ as next main targets.

 

Therefore, the bullish bias will be suggested for today, noting that breaching 2664.30$ will stop the current bearish correction and lead the price to resume the main bullish trend again.

 

The expected trading range for today is between 2500.00$ support and 2700.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) tests the support base – Forecast today - 23-10-2024

Economies.com
2024-10-23 03:48AM UTC

Bitcoin price (BTCUSD) fluctuates around the key support 66980.00$ and keeps its stability above it until now, to keep the bullish trend scenario active, waiting to get positive motive that assist to push the price to achieve the positive targets that start at 68050.00$ followed by 70000.00$.

 

We remind you that breaking 66980.00$ will push the price to suffer intraday losses and head to visit 65485.00$ before any new positive attempt.

 

The expected trading range for today is between 66000.00$ support and 69000.00$ resistance.

 

Trend forecast: Bullish

Sugar price breaks the support – Forecast today - 23-10-2024

Economies.com
2024-10-23 03:47AM UTC

Sugar price managed to break 21.55$ level and closed the daily candlestick below it, to confirm the continuation of the bearish trend domination on the intraday basis, paving the way to head towards 20.80$ followed by 20.08$ levels as next main targets.

 

The negative effect of the double top pattern supports the expectations to decline, which will remain valid conditioned by the price stability below 21.55$ and 22.15$ levels.

 

The expected trading range for today is between 21.00$ support and 21.70$ resistance

 

Trend forecast: Bearish

Soybean price tests the minor resistance – Forecast today - 23-10-2024

Economies.com
2024-10-23 03:47AM UTC

Soybean price traded positively yesterday to test the key resistance 1000.00$, and as we mentioned in our previous reports, the price needs to hold below this level to keep the bearish trend active, as breaching it will push the price to achieve additional gains that reach 1028.80$ before any new attempt to decline.

 

Stochastic shows negative signals that support the chances of resuming the expected decline, noting that the next target is located at 960.30$.

 

The expected trading range for today is between 980.00$ support and 1010.00$ resistance.

 

Trend forecast: Bullish