Rivian Automotive, Inc. (RIVN) stock price recorded a continued decline in its latest intraday trading, as the stock remains affected by previously breaking below a short-term upward minor trend line. This comes alongside continued negative pressure from trading below its SMA50, which limits the stock’s chances of achieving a sustainable recovery in the near term, especially with the return of a negative crossover on the RSI after the stock managed to unwind part of its oversold conditions, reinforcing the stability of the bearish scenario surrounding the stock.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains stable below the $17.15 resistance level, to target the $14.50 support level.

Today’s price forecast: Bearish

Illumina, Inc. (ILMN) stock price recorded a pullback in its latest intraday trading, following the stabilization of the key resistance level at $156.50, as the stock took profits from its previous gains while attempting to build positive momentum that could help it break above this resistance. This comes amid continued dynamic support from trading above its SMA50, which reinforces the stability and dominance of the main short-term upward trend. In the background, positive signals continue to emerge from the RSI after it reached oversold levels.

Therefore we expect the stock price to rise in upcoming trading, as long as the $141.65 support level holds, to retest the $156.50 resistance level, with strong chances for a breakout.

Today’s price forecast: Bullish

The price of (ETHUSD) fluctuated on its last intraday levels, to settle on its early gains that achieved by recovering some of its previous losses and offloading its oversold conditions on relative strength indicators, amid the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on near-term basis.

Therefore, our expectations for the (ETHUSD) suggest a decline in its upcoming intraday trading, conditioned the stability of $2,900 resistance, targeting the key support at $2,800.

Expected trading range for today: Between support at $2,800 and resistance at $2,900.

Today’s forecast: Bearish

BTCUSD prices settle on a cautious rise in their last intraday trading, to retest $88,00 resistance, recovering some of its previous losses, and it managed to offload its oversold conditions on relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, which intensifies the negative pressure due to its trading alongside main bearish trend line on short-term basis.

Therefore, our expectations suggest a decline in the upcoming intraday trading, if the resistance settles at $88,000, to target the support levels at $86,000.

 Expected trading range for today: between $86,000 support and $89,000 resistance

Today’s forecast: Bearish