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Ethereum price (ETHUSD) hits the first positive target – Forecast today - 30-10-2024

Economies.com
2024-10-30 03:46AM UTC

Ethereum price (ETHUSD) managed to achieve our first target at 2664.30$ and faces solid resistance there, as it leans on 2600.05$ level to start rising again, waiting to breach the first level to open the way to achieve additional positive targets that extend to 2768.10$.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 2600.05$ will put the price under new correctional bearish pressure, its targets start by testing 2548.15$ areas.

 

The expected trading range for today is between 2530.00$ support and 2750.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) keeps achieving the positive targets – Forecast today - 30-10-2024

Economies.com
2024-10-30 03:46AM UTC

Bitcoin price (BTCUSD) succeeded to achieve our waited target at 73360.00$ and surpassed it to approach the second extended target at 73818.00$, and the way seems open to continue the rise and achieve new historical levels in the upcoming sessions, noting that breaching the last level will push the price to wards 76480.00$ as a next main station.

 

Therefore, we will continue to suggest the bullish trend, taking into consideration that breaking 70556.50$ will stop the bullish rally and push the price to achieve some bearish correction before turning back to rise again.

 

The expected trading range for today is between 71000.00$ support and 74500.00$ resistance.

 

Trend forecast: Bullish

Wheat price attempts to recover – Forecast today - 30-10-2024

Economies.com
2024-10-30 03:45AM UTC

Wheat price reached few pips away from our waited target at 568.50$, and bounced upwards clearly from there to achieve some intraday gains, as it reached the intraday bearish channel’s resistance line, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, noting that breaking 568.50$ will extend the bearish wave to reach 555.60$.

 

On the other hand, we should note that the continuation of the rise and breaching 599.00$ will stop the bearish trend and lead the price to return to the correctional bullish track again.

 

The expected trading range for today is between 570.00$ support and 592.00$ resistance.

 

Trend forecast: Bearish

Sugar price awaits the break – Forecast today - 30-10-2024

Economies.com
2024-10-30 03:45AM UTC

Sugar price continues to fluctuate at 21.55$ level, waiting to break this level to confirm the continuation of the bearish trend in the upcoming period, noting that stochastic loses its positive momentum to support the chances of achieving the required break.

 

Therefore, the bearish trend will remain suggested on the intraday basis, reminding you that our next targets start at 20.80$ and extend to 20.08$, while achieving them requires holding below 22.15$.

 

The expected trading range for today is between 21.30$ support and 22.00$ resistance

 

Trend forecast: Bearish