PayPal Holdings (PYPL) stock edged slightly higher in its recent intraday trading, but remains under negative pressure as it continues to trade below its 50-day simple moving average, which reinforces the dominance and stability of the main downward trend in both the medium and short term. In addition, a negative crossover is beginning to appear in the Relative Strength Index after the stock managed to unwind its oversold conditions, opening the door for further losses in the near term.

Therefore, our expectations point to a decline in the stock price in upcoming trading, as long as resistance at $48.50 holds, targeting the first support level at $41.45.

Today’s price forecast: Bearish

Ethereum (ETHUSD) declined during recent intraday trading, amid its trading within bearish corrective channel that limits its previous trading on short-term basis, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, besides the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of a full recovery on the near-term basis.

Brent crude oil settles with limited gains at its recent intraday levels, to recover big part of its early losses for today, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track, besides the continuation of the dynamic pressure that is represented by its trading above EMA50, besides the emergence of positive signals from the relative strength indicators, after offloading its overbought levels.

Bitcoin (BTCUSD) settles on sharp losses in recent intraday trading, after reaching EMA50’s resistance, surrendering from the negative pressure amid its trading alongside bearish corrective trend line on short-term basis that intensifies the negative pressures around it, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.