D-Wave Quantum Inc. (QBTS) stock declined in its recent intraday trading, as the stock attempts to gather positive momentum that could help it recover and rise again, while also trying to relieve its clearly overbought Stochastic conditions, especially with emerging bearish signals, amid continued positive support from trading above the 50-day simple moving average, and under the control of a prevailing upward trend over the medium and short term with price action moving along both major and minor ascending trendlines, indicating the stability of this trend.
Therefore, we expect the stock to rise in upcoming trading sessions, as long as support at $15.15 holds, targeting the resistance level at $22.65.
Today’s price forecast: Bullish.
The price of (ETHUSD) declined in its recent intraday levels, in a quick attempt to gather its gains and gathering a bullish momentum that might assist it to rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, keeping the stability of the upside move in the last period, by the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
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The price of (BTCUSD) declined in its last trading on the intraday levels, attempting to gain a positive momentum that might assist it to recover and rise again, after it succeeded in its early trading by its lean on the support of its EMA50, having positive momentum that assisted it to rise, and the confirmation of the positive technical pattern on the short-term basis,(falling wedge pattern), especially with the emergence of the positive signals on the (RSI).
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The price of (Brent) witnessed a decline in its last trading on the intraday levels, amid the continuation of the positive pressure that comes from its trading above EMA50, affected by breaching a minor bearish bias line on the short-term basis, attempting to gain a bullish momentum that assists the stability of the bullish track, attempting to offload its clear overbought conditions on the (RSI), with the emergence of the negative signals from there.
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