Ethereum price (ETHUSD) managed to break the bearish pennant’s support line mentioned in our last report, to get negative motive that supports the chances of resuming the main bearish trend, but we notice that the price begins today with bullish bias affected by stochastic positivity.
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Bitcoin price (BTCUSD) returned to test 80474.40$ level, noticing that the price consolidated well above it, accompanied by witnessing clear positive signals through stochastic, which supports the chances of rising again.
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The USDCHF price shows new positive trades, as it moves inside minor bullish channel that appears on the chart, which we believe that it forms bearish flag pattern, thus, the price needs to break 0.8825 to activate the negative effect of this pattern followed by resuming the expected bearish trend for the upcoming period.
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The NZDUSD price provided negative trades in the previous sessions, to test the EMA50 that forms good support against the price, waiting to motivate the price to rise again and test 0.5738$ initially, reminding you that breaching this level will lead the price to head towards 0.5860$ as a next positive target.
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