Ethereum (ETHUSD) declined during its latest trading on the intraday levels, affected by breaking bullish corrective trend line on the short-term, with the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduces the chances of sustainable recovery in the near upcoming period, especially with the emergence of negative overlapping signals from the relative strength indicators after offloading its oversold conditions.
Brent crude oil continued the decline during its latest intraday trading, to reach $75.00 support, which represents our last expected target amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, noticing the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for targeting new support levels.
Bitcoin (BTCUSD) declined during its latest intraday trading, after offloading its oversold conditions on the relative strength indicators, to enter exaggerated overbought levels compared to the price move, as a signal for ending the positive momentum, preparing to break the key support at $62,000, affected by breaking bullish corrective trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the price.
Crude Oil kept recording consecutive losses in its last intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and the strength of the short-term main bearish trend, especially with its trading alongside supportive trend line for this path, noticing the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions.