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eBay climbs within descending correctional price channel - Analysis - 18-07-2018
eBay's stock (F) rose in the intraday levels, after hitting an intraday low at 37.32, bouncing off it higher and turning the losses into gains before the close, while touching the resistance of the 50-day SMA anew, scoring a profit of 0.21% in the last session, or 0.08 points, while trading within a descending correctional price channel that guided recent short-term trading, as the RSI reached extremely overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, especially if it settles back below 37.48, targeting the support of 35.56.
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Midday update for Litecoin 18-07-2018
Litecoin price hovers around 90.00 level and still above it until now, to keep the bullish trend scenario active for the rest of the day, supported by the EMA50, waiting to target 102.00 level as a next main station, reminding you that holding above 90.00 and 80.40 levels is important to continue the suggested bullish trend.
MoreMidday update for Ripple 18-07-2018
Ripple price fluctuates around 0.52 level without managing to breach it until now, while stochastic enters the oversold areas now to form positive motive that we are waiting to assist to push the price to rise.
MoreMidday update for Ethereum 18-07-2018
Ethereum price retests 496.00 level now and still above it, to keep the bullish trend scenario active for today, supported by the EMA50 that carries the price from below, waiting to target 609.65 level as a next station, noting that the continuation of the expected rise depends on holding above 496.00 and 465.00 levels.
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