The price of (ETHUSD) declined in its last intraday trading, after its attempts to recover previous losses, supported by the emergence of the positive signals on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside bearish trend line, indicating the volume and strength of the bearish momentum of the price.
Bitcoin (BTCUSD) prices declined during their last intraday trading, after reaching overbought levels by the relative strength indicators, amid the continuation of the dynamic pressure that comes from its trading below EMA50, which reduces the chances of sustainable recovery on a near-term basis, and its trading alongside trend line.
Brent crude oil price surged higher in the last intraday trading, reaching the resistance of its EMA50, amid the domination of the main bearish trend and its trading alongside supportive minor trend line for this track, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there.
The price of (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, hitting the resistance of its EMA50, affected by negative technical formation on a short- term basis (the rising wedge pattern), reducing the chances of recovery on the short-term basis.