The price of (ETHUSD) settled with consecutive declines in its last intraday trading, with the return of the negative signals on the relative strength indicators, after offloading the oversold conditions, which increased the chances of extending the losses in the upcoming period, amid the dominance of the main bearish trend and its trading alongside minor trendline on the short-term that supports this track.
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Bitcoin (BTCUSD) prices kept declining during their last intraday trading, reaching the key support of $103,500, which represents our expected target in our previous analysis, amid the dominance of the bearish trend on the short-term basis, besides the emergence of the negative signals on the relative strength indicators, after offloading their oversold conditions in its previous trading, intensifying the negative pressure.
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Brent crude oil prices witnessed sharp losses in their last intraday trading, amid the emergence of the negative signals on the relative strength indicators, preparing to break bullish corrective trend line on the short-term basis, facing negative pressure due to its trading below EMA50, reinforcing the chances of extending these losses on the near-term basis.
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The price of (crude oil) declined in its last intraday trading, surpassing the support of its EMA50, which led to break bullish corrective trendline on the short-term basis, intensifying the negative pressure on the price, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
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