The price of (ETHUSD) declined slightly in the last intraday trading, preparing to break the current support at $2,935, affected by the negative pressure due to its trading below EMA50, with the dominance of minor bearish wave on the short-term basis and its trading alongside trend line, noticing the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, to put more pressure on his upcoming move.
Brent crude oil’s prices rose in its last intraday trading, attacking the current resistance at $62.20, amid the dominance of the bullish corrective trend on the short-term basis, with ist continuous trading above EMA50, forming dynamic support that reinforces the stability of this positive track, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains temporarily.
BTCUSD’s price settles on a decline in its recent intraday trading, amid its trading below EMA50, forming dynamic resistance that increases the strength of the minor bearish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of negative signals on the relative strength indicators, after offloading its oversold conditions previously.
The price of (crude oil) rose in its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line, besides the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, to indicator forming negative divergence, which might obstruct the upside moves on the near-term basis.