Ethereum price (ETHUSD) continued its sharp rise in its recent intraday trading, to breach the main resistance at $2,100, amid the dominance of the bullish trend on the short-term basis and its trading alongside the bias line, with the continuation of the positive pressure due to its trading above its EMA50, and we notice the beginning of negative overlapping signals appearance of the (RSI), after reaching overbought levels, on the other hand, the price keeps rising despite the offload of this overbought conditions, which indicates the strength of the positive momentum.
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Bitcoin price (BTCUSD) declined slightly in its recent intraday trading, to gather the gains of its strong rise of yesterday’s trading and attempts to offload the clear overbought conditions on the (RSI) indicators, after the emergence of the negative signals from them, to gather its positive strength that might help it to complete the bullish track.
This comes amid the dominance of the main bullish trend on the short-term basis and its trading along side bias line, with its trading above the dynamic support of the EMA50, which represents a pushing power for the positive momentum
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Crude oil price rose in its upcoming intraday trading, affected by breaching a main bearish trend line on the short -term basis, supported by its trading above its EAM50, which represents adynamic support fort he upcoming trading, attempting to breach the key resistance level at $59.65 now, to announce the continuation of the bullish correctional trend, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decrease the price’s gains.
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The gold price rose slightly in its recent intraday trading, after its lean on the support of a bullish trend line on the short-term basis, providing positive momentum, especially with the emergence of positive overlapping signals on the (RSI), after reaching oversold levels.
On the other hand, the precious metal remains stable below $3,300, by negative pressure due to its trading below EMA50, which represents a key threshold against the price attempt to recover.
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