The price of (ETHUSD) rose in its last intraday trading, amid the emergence of the positive signals from relative strength indicators, to reach overbought levels, exaggeratedly compared to the price move, to indicate a quick decline in the bullish momentum, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on the short-term basis.
Brent prices declined in their last intraday trading, attempting to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend above EMA50, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move.
BTCUSD price fluctuated on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, to enter exaggerated overbought levels compared to the price move, indicating a beginning of forming negative divergence, which intensifies the negative pressures.
The price of (crude oil) declined in its last trading on intraday basis, amid the emergence of negative signals from relative strength indicators, reaching exaggerated oversold levels compared to the price move, to indicate forming positive divergence, amid the attempts of gaining bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path.