Broadcom Inc. (AVGO) stock price recorded a decline in its latest intraday trading, after colliding with the resistance of its SMA50, amid the dominance of a short-term corrective downward wave. The stock is also affected by breaking below a previously dominant short-term main upward trend line, while a negative crossover has begun to appear on the RSI after it reached extremely overbought levels in an exaggerated manner compared to price action, suggesting the start of a negative divergence formation.

Therefore we expect the stock price to decline in upcoming trading, as long as the $359.40 resistance level remains intact, especially if it breaks below the key support at $324.50, to target the next support at $287.00.

Today’s price forecast: Bearish

The price of (ETHUSD) recovered with strong rise in its last intraday trading, due to the stability of the support level at $3,300, gaining bullish momentum that helped it to achieve these gains, with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside trendline.

Brent crude oil’s prices declined in its last intraday trading, within corrective move to use it as a base to look for a new rising low that might help it to rebuild the bullish momentum and resume the recovery and rise in the upcoming period.

This comes amid the continuation of the dynamic support that is represented by the trading above EMA50, reinforcing the chances of recovery on a near term basis, accompanied by the relative strength indicators reach exaggerated oversold levels compared to the price move, after offloading the previous overbought conditions, which supports the likelihoods of a potential bullish rebound.

BTCUSD’s price rose in its recent intraday trading, attacking $97,000 resistance level, after offloading its overbought conditions on the relative strength indicators, opening the way for achieving more gains in the upcoming period, amid the continuation of the positive pressure that comes from its trading above EMA50, with the dominance of the main bullish trend and its trading alongside supportive trend line for this trend.