Litecoin (LTCUSD) remained lower in its latest intraday trading, amid the dominance of the main short-term descending trend, with price action moving alongside a trendline. Negative pressure continues due to trading below the 50-day SMA, leaving the price poised to break the pivotal support level at 74.35. However, on the other hand, we note the emergence of a positive crossover on the RSI indicators after reaching extremely oversold levels, which may help curb further losses.
Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, especially if it breaks the mentioned support at 74.35, targeting thereafter the next support level at $70.80.
Expected trend for the upcoming trading: Bearish
Duolingo, Inc. (DUOL) declined in its latest intraday trading, amid continued negative pressure from trading below its previous 50-day SMA, which reinforces the stability and dominance of the main short-term descending trend, with the price moving alongside a trendline. In addition, negative signals continue to flow from the RSI indicators after reaching extremely overbought levels, reflecting a loss of positive momentum in the near term.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $213.00 remains intact, targeting the pivotal support level at $166.35.
Today’s price forecast: Bearish
Fortinet, Inc. (FTNT) declined in its latest intraday trading, amid ongoing negative signals from the RSI indicators despite their presence in oversold territory. This comes alongside sustained dynamic bearish pressure from trading below its previous 50-day SMA, under the dominance of the main short-term descending trend.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $87.20 remains intact, targeting the first support level at $77.20.
Today’s price forecast: Bearish
GitLab (GTLB) declined in its latest intraday trading, amid full dominance of the main medium-term descending trend, with the stock moving alongside a short-term secondary trendline. Negative pressure continues as the price trades below its previous 50-day SMA. In addition, negative signals are flowing from the RSI indicators after they reached extremely overbought levels in an exaggerated manner compared with the stock’s price action.
Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $41.55 remains intact, targeting the support level at $35.80.
Today’s price forecast: Bearish