Ethereum (ETHUSD) Price Analysis

Expected Scenario

• Ethereum price (ETHUSD) is retesting the breached resistance of the bearish channel that appears on the chart, noticing that stochastic gains the positive momentum clearly, which supports the chances of resuming the positive trades to head towards our main waited target at 3641.82$.
• Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 3360.31$ will put the price under the correctional bearish pressure again, to head towards targeting 3132.80$ areas initially.

Expected Trading Range

Between 3360.00$ support and 3580.00$ resistance.

Bitcoin (BTCUSD) Price Analysis

Expected Scenario

• Bitcoin price (BTCUSD) settles above the breached neckline of the double bottom pattern that appears on the chart, noticing that stochastic got rid of its negative momentum clearly, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 65485.00$.
• The EMA50 supports the continuation of the suggested bullish wave, noting that breaking 62000.00$ will put the price under negative pressure that its targets begin by testing the critical support 60330.00$.

Expected Trading Range

Between 62000.00$ support and 65485.00$ resistance.

Wheat Price Analysis

Expected Scenario

• Wheat price ended yesterday with clear positivity, as it breached 576.90$ and settled above it, to head towards achieving expected gains in the upcoming sessions, affected by the formation of double bottom pattern that supports the chances of targeting 605.80$ followed by 615.00$ as next positive stations.
• Therefore, the bullish trend will be expected for today, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 576.90$ will stop the positive scenario and push the price to decline again.

Expected Trading Range

Between 580.00$ support and 605.00$ resistance.

Sugar Price Analysis

Expected Scenario

• Sugar price settles above 20.00$ barrier, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders’ pattern that supports the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that our next targets begin at 20.55$ and extend to 21.35$.
• Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 19.82$ and holding below it.

Expected Trading Range

Between 19.90$ support and 20.80$ resistance.