Pinduoduo Inc (PDD) stock price rose slightly in its latest intraday trading, as the stock attempts to recover some of its previous losses. Simultaneously, it is trying to ease some of its clear oversold conditions indicated by the Stochastic indicator, especially as a positive crossover begins to appear. However, the stock remains under the dominance of a major medium-term bearish trend, reinforced by continued negative dynamic pressure from trading below its 50-day SMA and movement along a bearish trendline.

Therefore, our expectations indicate a decline in the stock price during its upcoming trading sessions, as long as the resistance level at 102.00 remains intact, targeting the key support level at 95.35.

Today’s price forecast: Bearish

Ethereum (ETHUSD) witnessed fluctuated trading in its recent intraday trading, affected by the stability of the key support at $2,250, with the emergence of positive crossover on the relative strength indicators, after reaching oversold levels, attempting to recover some of previous losses, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.

Brent slipped lower during recent intraday trading, after reaching $114.00 resistance level, which was the last target in our previous analysis, to gather the gains of its previous rises, attempting to offload some of its overbought levels on the relative strength indicators, especially with the emergence of the negative signals from them, to gather its positive strength that might help it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis.

Bitcoin (BTCUSD) settles with limited gains during its recent intraday trading, benefiting from the emergence of the positive signals from the relative strength indicators, to form positive divergence that might push it for more positive rebounds, targeting the attempt of recovering some of its previous losses, amid the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances of a full recovery on the near-term basis, especially with the dominance of bearish corrective wave on short-term basis.