ServiceNow (NOW) stock price jumped sharply higher in its latest intraday trading, influenced by its breakout above a short-term bearish trend line, which provided the stock with additional positive momentum that helped it overcome the negative pressure from its 50-day SMA, signaling the stock’s intention to extend this corrective upward wave in the near term, especially with continued positive signals from the Stochastic indicators.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $94.75 level, targeting the $121.65 resistance level.

Today’s price forecast: Bullish

Ethereum declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside sharp bearish trend line on  the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels, intensifying the pressure on the price in the near upcoming period.

Brent crude oil prices rose slightly during the latest intraday trading sessions, preparing to reach the key resistance at $109.00, supported by the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, to notice the emergence of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on the near-term basis.

Bitcoin (BTCUSD) continues to move in a narrow and volatile range during its recent intraday trading, supported by positive signals from the relative strength indicators after previously reaching heavily oversold levels. However, on the other hand, the price is still facing negative dynamic pressure from trading below the EMA50, which reduces the chances of a full recovery in the near term, especially with the dominance of the short-term corrective bearish trend.