Zcash’s currency price (ZECUSD) declined in latest intraday trading after hitting the resistance of the 50-period SMA, with negative signals starting to stream from the Stochastic after reaching extremely overbought levels. The price is now attempting to gather positive momentum that may help it overcome this negative pressure and vent off some of the apparent overbought saturation, amid the dominance of the short-term upward correctional trend and trading alongside a rising trend line.
Therefore we expect the currency to rise in upcoming intraday trading, but only if it first breaches the resistance level of $46.22 — a move that would confirm relief from current downside pressure and open the door to target the pivotal resistance of $56.88.
Today’s price forecast: Bullish
Flow’s currency price (FLOWUSDT) rose in latest intraday trading, attacking the pivotal resistance level of 0.346 amid the dominance of the short-term upward correctional trend. The price is supported by dynamic strength from trading above the 50-period SMA, along with positive signals streaming from the Stochastic, despite it reaching extremely overbought levels.
Therefore we expect the currency to rise in upcoming intraday trading, especially if it breaches the mentioned resistance of 0.346, targeting the next resistance level at 0.366.
Today’s price forecast: Bullish
Zoom Video Communications’ stock price (ZM) inched higher in latest intraday trading, amid the dominance of the short-term downward trend and trading alongside a descending trend line, with ongoing negative pressure from trading below the 50-day SMA. Additionally, we notice negative signals starting to stream from the Stochastic after reaching extremely overbought levels.
Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $79.45 holds on, targeting the support level of $72.90.
Today’s price forecast: Bearish
CVS Health Corporation’s stock price (CVS) inched higher in latest intraday trading, benefiting from dynamic support due to trading above the 50-day SMA, amid the dominance of the main upward trend in the short term and trading alongside a rising trend line. Additionally, we notice positive crossovers beginning to form on the Stochastic after reaching extremely oversold levels, exaggerated relative to the price movement — suggesting the start of a positive divergence.
Therefore we expect the stock to rise in upcoming trading, as long as it remains above the price of $65.35, targeting the pivotal resistance of $72.50.
Today’s price forecast: Bullish