The price of (ETHUSD) rose in its recent intraday levels, to reach our morning target at $3,080 resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), after its success in offloading its overbought conditions, opening the way for achieving more of the gains.
The price of (BTCUSD) declined from its historical high in the intraday levels, gathering the gains of its previous rises, to attempt to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals, gathering positive strength that might assist it to begin strong rally, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The price of (Brent) rose in its last intraday levels, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, to settle above the key resistance at $70.00, to confirm breaching it which reinforces the price momentum to continue the rise, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate its upcoming gains.
The price of (crude oil) rose in its last intraday trading, to breach the critical resistance level at $68.00, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of the negative signals emergence on the (RSI), after reaching overbought levels, which might decelerate the price rise on the intraday basis.