The price of (ETHUSD) rose in its last intraday levels, supported by the emergence of the positive signals on the (RSI), attempting to recover some of its previous losses, where it moves alongside bearish correctional trend line on the short-term basis, forming an obstacle against the recovery attempts, this obstacle intensifies with the negative and dynamic pressure that is represented by its trading below EMA50, therefore, the price needs to be stronger to get rid of these negative pressures.
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The price of (BTCUSD) soars high in its last intraday trading, amid its trading alongside a supportive correctional trend line for the bullish momentum on the short-term basis, taking advantage of the dynamic support that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading its overbought condition, opening the way for achieving more of the gains.
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Crude oil prices extended their gains during recent intraday trading, reaching our morning target of retesting the key resistance level at $62.85, supported by the price attempts to correct the main bearish trend on the short-term basis, amid the continuation of the dynamic resistance in its trading below EMA50, increasing the chances for the price full recovery on the near-term basis, noticing that the (RSI) indicators reached overbought levels.
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Crude oil prices extended their gains during recent intraday trading, reaching our morning target of retesting the key resistance level at $62.85, supported by the emergence of positive signals from the (RSI) indicators.
However, we observe that the RSI has reached extremely overbought levels compared to the price movement, which is a bearish signal indicating a loss of positive momentum surrounding the price, amid the continued downward pressure as the price trades below its EMA50, and under the control of the overall short-term downtrend.
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Subscribe via TelegramFull VIP signals performance report for September 1–5, 2025: