SPOTIFY TECHNOLOGY (SPOT) stock price declined again during its latest intraday trading, amid continued negative pressure from trading below its previous 50-day simple moving average, which reinforces the stability and dominance of the main bearish trend over the medium term, while moving alongside a trendline supporting this trajectory. In addition, the RSI indicators have entered severely overbought territory in an exaggerated manner relative to the stock’s movement, suggesting the beginning of a negative divergence formation.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $488.80 remains intact, targeting the key support level at $410.00.

Today’s price forecast: Bearish

Ethereum price (ETHUSD) decline during its recent intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this trend, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, besides the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which increases the chances of full recovery on the near-term basis.

Brent crude oil price witnessed strong and sudden gains during its recent intraday trading, amid emerging negative signals from relative strength indicators. After reaching oversold levels, to settle again above main bullish trend line on the short-term basis, announcing its failure to break it, which represents clear positive signals that might turn the bullish trend back in the near-term basis, especially if the price surpassed the negative pressure of the EMA50, to gain renewed bullish momentum.

Bitcoin price declined during recent intraday trading, surpassing the negative pressure, which begin by the dominance of bearish corrective wave on the short-term basis, with a negative and dynamic pressure that is represented by its trading below EMA50, noticing the formation of negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of the negative signals from them, intensifying the pressure to suggest more downside moves in the near upcoming period.