Ethereum price (ETHUSD) soars – Forecast today - 07-11-2024

Bitcoin price (BTCUSD) resumed its positive trading to succeed achieving our new waited target at 76000.00$, noticing that the price shows some bearish bias by today’s open to test the breached resistance that appears on the chart, waiting to gather positive momentum that assist to push the price to resume the main bullish trend and achieve new positive target that extend to 78000.00$.

Soybean price bounced upwards clearly yesterday, as it breached 1004.00$ level and settled above it, to turn to rise on the intraday basis and head towards testing 1028.80$ initially, noticing that the price is forming double bottom pattern that has positive targets that surpass the mentioned level to reach 1050.00$ as a next positive station.

Corn price rallied upwards strongly yesterday to succeed achieving our waited target at 434.30$, noticing that the price breached this level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, noting that the next target reaches 445.40$.