Ethereum price (ETHUSD) continued its upward movement during recent intraday trading, with the main short-term bullish trend still in control, as the price moves along a supportive trendline, this comes alongside positive signals from the relative strength indicators, despite reaching overbought levels. The price has also recently managed to overcome the negative pressure from EMA50, opening the way for further gains in the near term.
Brent crude oil declined during its recent intraday trading, influenced by a negative technical formation that appeared earlier on the short-term chart, specifically a double top pattern, this negative pressure is reinforced by the trading below EMA50, in addition to ongoing negative signals from the relative strength indicators, indicating clear dominance by sellers over price movements.
Bitcoin price (BTCUSD) extended its gains during recent intraday trading, surpassing the negative pressure from EMA50, to reach the key resistance level at $71,500, amid the dominance of the main short-term bullish trend, supported by positive signals from the relative strength indicators, despite reaching overbought levels, which enhances the chances of a successful breakout and continuation of the upward move.
Crude oil price declined during its recent intraday trading, amid ongoing negative signals from the relative strength indicators, despite reaching oversold levels. The price continues to face negative pressure as it trades below EMA50, which intensifies the downward pressure, especially after the price was previously affected by breaking a major short-term upward trendline.