Ethereum (ETHUSD) rose in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators after reaching oversold levels, to surpass EMA50’s resistance and get rid of its negative pressure, which helped it to reinforce these gains, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path.
Brent crude oil extended its gains in its last intraday levels, attacking $86.00 resistance, which was our previous expected target, amid the dominance of strong bullish corrective wave on the short-term basis, with continued positive and dynamic support due to its trading above EMA50, which reinforces the chances of extending these gains in the upcoming near period
The price of Bitcoin keeps its last intraday gains, which helped it to recover part of its previous losses, offloading its oversold levels on the relative strength indicators, until it reached severe overbought levels, as a clear signal for offloading this bullish momentum, affected by the negative pressure due to its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery in the near upcoming period.
Crude Oil kept rising in the last intraday trading, breaching the key resistance level at $79.00, supported by its trading above EMA50, with the dominance of the bullish corrective trend on the short-term basis, and its trading alongside a trend line that reinforces the stability of this path.
On the other hand, we notice the beginning of negative crossover emergence on the relative strength indicators after reaching overbought levels, which might decelerate the upside moves in the upcoming near period.