Hedera (HBARUSD) declined in its latest intraday trading as it attempts to gain positive momentum that could help it recover and rise again. At the same time, the cryptocurrency is working off part of its overbought levels on the relative strength indicators, where negative signals have started to appear. However, dynamic support from trading above the 50-day SMA continues, alongside the dominance of a short-term corrective bullish wave with trading along an ascending line that supports this direction.
Therefore, we expect the cryptocurrency to rise in its upcoming intraday trading as long as the support level of $0.17091 holds, targeting the resistance level of $0.19559.
Today’s price forecast: Bullish.
The price of (ETHUSD) declined in its last intraday trading, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside trend line, with the continuation of its trading above EMA50, to gather the gains of its previous rises, attempting to offload some of its overbought conditions on the relative strength indicators that might help it to recover and rise again.
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Bitcoin (BTCUSD) prices declined during their last intraday trading, due to the stability of the key resistance at $115,800, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to breach this resistance, besides the price attempt to offload its overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline that reinforces the stability of the positive track.
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Brent crude oil prices declined in their last intraday trading, amid the emergence of the negative signals on the relative strength indicators with the stability of the key resistance at $65.60, the price begins to look for a rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid its affection by breaching main bearish trend line on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforced by the stability of the positive corrective track.
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