Ripple (XRPUSD) declined in its latest intraday trading, as the price attempts to search for a rising bottom that could serve as a base to help it acquire the positive momentum needed to resume its recovery. This comes after it collided with the resistance of a short-term descending secondary trendline, prompting the price to gather positive strength that may eventually help it break through this dynamic resistance, supported by its continued trading above the 50-day SMA, which strengthens the likelihood of a near-term rebound.

Therefore we expect the cryptocurrency to rise in its upcoming intraday trading, especially if the current support level at 2.1507 holds, targeting the pivotal resistance level of 2.2819 in preparation for testing it.

Today’s price forecast: Neutral

Litecoin (LTCUSD) declined in its latest intraday trading, amid continued negative pressure resulting from trading below its 50-day SMA and under the dominance of a main short-term descending trend. In addition, we note the renewal of negative signals on the RSI indicators after the price successfully relieved its previous oversold saturation, which further intensifies the negative pressures surrounding it.

Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level of $86.90, targeting the pivotal support level of $79.70.

Today’s price forecast: Bearish

Shopify (SHOP) extended its gains in its latest intraday trading, supported by positive signals from the RSI indicators. However, we note that these indicators have reached extremely overbought levels, signaling a rapid weakening of the positive momentum surrounding the stock. This pushed the price to collide with the resistance of its previous 50-day SMA, while the stock remains affected by having previously broken a major ascending trendline in the short term.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $159.00, targeting the pivotal support level of $134.75.

Today’s price forecast: Bearish

Walt Disney Company (DIS) rose slightly in its latest intraday trading, as the stock attempts to recover part of its previous losses while at the same time trying to ease some of its clear oversold saturation on the RSI indicators, especially with the beginning of positive signal inflows. This comes amid continued negative pressure from trading below its 50-day SMA, which reinforces the strength of the short-term corrective downward trend, especially with its movement alongside a descending trendline.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $106.15, targeting the first support level at $100.15.

Today’s price forecast: Bearish