Ethereum price (ETHUSD) deepened its losses during its recent intraday trading, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside trend line that supports this path, on the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses and lead to fluctuating move in the upcoming near period.
Brent crude oil price extended its cautious gains during its recent intraday trading, with the relative strength indicators reaching exaggerated overbought levels compared to the price move, as a signal for forming potential negative divergence that might push the price to decline again, especially with the emergence of negative overlapping signals, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by trading below EMA50, intensifying the negative pressures.
Bitcoin price (BTCUSD) kept declining during its recent intraday trading, affected by the stability of the key resistance level at $74,000, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, noticing the emergence of the negative signals from the relative strength indicators, as a clear signals for resuming the decline in the upcoming near period.
Crude oil price rose in its recent intraday trading, attempting to recover some previous losses, benefitting from the stability of the key support level at $88.00, amid the dominance of bearish corrective wave on short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, especially with the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals.