Citigroup’s stock price © extended the gains in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels compared to the stock’s movements, forming a positive divergence.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $73.38, provided the support of $67.75 holds on.
Trend forecast for today: Bullish
Lyft’s stock price inched higher in the intraday levels amid attempts to recoup some recent losses, while also venting off oversold saturation in the RSI with positive signals from the RSI, with the stock hurt by piercing the secondary upward short-term trend line previously, with ongoing negative pressure due to trading below the 50-day SMA.
Therefore we expect the stock to return lower, provided it settles firmly below $13.80, targeting the support of $12.00.
Trend forecast for today: Likely Bearish
Ethereum price (ETHUSD) rebounds bearishly after retesting the previously broken neckline of the double top pattern that appears on the chart, to move below 3425.50$ level and reinforce the expectations of continuing the correctional bearish trend in the upcoming sessions, and the way is open to achieve the first target at 3222.00$, noting that breaking it will push the price towards 3017.30$ as a next negative station.
On the other hand, we should note that breaching 3510.00$ will stop the bearish trend and push the price to build bullish wave that its targets begin by visiting 3680.00$ level.
The expected trading range for today is between 3230.00$ support and 3500.00$ resistance.
Trend forecast: Bearish
Bitcoin price (BTCUSD) rebounds bearishly after hitting the correctional bearish channel’s resistance line that appears on the chart, to start pressing on 23.6% Fibonacci correction level that forms key support at 95195.00$, and the price needs to break this level to confirm rallying towards our negative targets that start at 91000.00$ and extend to reach 38.2% Fibonacci correction level at 87055.00$.
Therefore, the bearish bias will be suggested for the upcoming sessions, taking into consideration that breaching 99170.00$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 91000.00$ support and 96000.00$ resistance.
Trend forecast: Bearish