Verizon Communications (VZ) rose in its latest intraday trading, as the stock attempts to unwind part of its clear oversold conditions on the RSI, supported by the emergence of positive signals from the indicator. However, this rebound collided with resistance at its 50-period SMA, while price action continues to move alongside a minor downward trendline on the short term, keeping downside pressure intact.

Therefore we expect the stock price to decline in the upcoming intraday trading, as long as resistance at 41.00 holds, to target the support level at 39.70.

Today’s price forecast: Bearish

The price of (ETHUSD) declined slightly in the last intraday trading, erasing its early gains for today, leaning on the support of its EMA50, in attempt to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought condition on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of the bullish trend on the short-term basis and its trading alongside supportive trend line.

Brent crude oil’s prices extended its gains on its last intraday levels, taking advantage of the dynamic support that is represented by its trading above EMA50, attacking our morning target at $61.35, taking advantage of the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, amid the dominance of bullish corrective wave on the short-term basis with its trading alongside supportive trend line for this trend.

BTCUSD’s price slipped lower in its recent intraday trading, due to the stability of the psychological resistance level at $90,000, attempting to gain bullish momentum that may help it to attack the resistance in the future, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, leaning on the support of EMA50, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside trend line.