eBay Inc. (EBAY) stock price extended its gains in its latest intraday trading, attacking the key and psychological resistance level of $100.00. This move comes amid continued positive pressure from trading above its 50-day SMA and under the dominance of the main medium-term bullish trend as it moves alongside a trendline. Additionally, we observe a return of positive signals from the Stochastic indicator after the price succeeded in easing some of its previous overbought conditions.
Therefore, we expect the stock price to rise during its upcoming trading sessions, especially if it breaks the $100.00 resistance, targeting its next resistance level at $108.00.
Today’s price forecast: Bullish
Ethereum (ETHUSD) rose slightly during its recent intraday trading, with the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, to achieve more gains in the upcoming near period, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.
Brent crude oil prices rose in recent intraday trading, retesting $94.00 resistance level, accompanied by testing bearish corrective trend line on the short-term basis, attempting to offload some of its clear oversold levels on the relative strength indicators, especially with the emergence of positive signals from them, amid the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure.
Bitcoin (BTCUSD) settles with series of consecutive losses in its recent intraday trading, attempting to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the chances of its recovery on near-term basis, with the relative strength indicators reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals.