Alphabet’s stock price (GOOG) fell in the intraday levels, weighed down by exiting the ascending secondary price channel that limited recent short-term movements, with the price trespassing the support of the 50-day SMA, thus doubling negative pressures on it, and with negative signals from the RSI despite settling at oversold levels.
Therefore we expect more losses for the stock, targeting the support of $148.20, provided it settles firmly below the resistance of $171.00.
Trend forecast for today: Bearish
Read more: Palantir Soars to Record Highs with $100 Target
Micron Technology’s stock price (MU) rose in the intraday levels, while trying to vent off oversold saturation in the RSI, with positive signals streaming out of it, while the stock bumped into the resistance of the 50-day SMA, and amid the dominance of the downward correctional trend in the short term.
We expect the stock to return lower and target the support of $84.90, provided the resistance of $106.63 holds on.
Trend forecast for today: Likely Bearish
Read more: Palantir Soars to Record Highs with $100 Target
Ethereum price (ETHUSD) rallied upwards to succeed breaching 3440.00$ level and settle above it, which supports the continuation of the expected bullish trend on the intraday and short-term basis, opening the way to target 3565.00$ followed by 3690.00$ levels that represent the next main stations.
Holding above 3440.00$ is important to the continuation of the expected rise, as failing to consolidate above it might force the price to decline and head to test 3185.00$ areas before any new positive attempt.
The expected trading range for today is between 3300.00$ support and 3600.00$ resistance.
Trend forecast: Bullish
Bitcoin price (BTCUSD) achieved initial breach to the bullish flag’s resistance line and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend efficiently for the rest of the day, waiting to visit 100000.00$ followed by 106000.00$ levels that represent our next main targets, reminding you that the continuation of the bullish wave conditions the price stability above 95820.00$.
The expected trading range for today is between 96000.00$ support and 101000.00$ resistance.
Trend forecast: Bullish