Silver extends its gains -Analysis-29-04-2025
Brent crude oil rose in its last intraday trading, supported by its continued stability above it EMA50, which confirms the continuation of the domination of the buying powers on the price movement.
This positive performance comes with the price trading alongside a bullish correctional trendline on the short-term basis, as a signal for increasing momentum to the upside trend, especially with the continuation of the positive signals emergence on the (RSI), despite approaching from overbought areas.
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Brent crude oil suffers negative pressures -Analysis-29-04-2025
Brent crude oil settled low in its last intraday trading, after breaking the key support level at $65.00, this level represents a neckline for a formed negative technical formation in the end of the bullish correctional wave on the short-term basis (double top pattern).
On the other hand, we notice the beginning of positive overlapping signal appearance on the (RSI), after reaching oversold levels, which helped it to settle on the intraday basis, attempting to offload some of the oversold conditions.
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Ethereum (ETHUSD) struggles to breach a stubborn resistance -Analysis-29-04-2025
Ethereum (ETHUSD) moved high in its recent intraday trading, amid its continuous attempts to breach the stubborn key resistance at $1,800, supported by its continued trading above its EMA50, besides the domination of the bullish correctional trend on the short-term basis and its trading alongside trend line.
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Bitcoin (BTCUSD) shows more positive signs -Analysis-29-04-2025
Bitcoin (BTCUSD) settled high in its recent intraday trading, amid a positive technical performance, supported by several main technical factors, first: the price trading above EMA50, which provides a key dynamic support that assists the continuation of the bullish trend.
This came amid a clear dominance for the main bullish trend on the short-term basis, where the price moves alongside a bullish bias line that supports the stability of the price, and shows that the slight declines might be temporary correctional move within the main bullish track, beside the return of the positive signals on the (RSI).
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