Zcash’s currency price (ZECUSDT) rose in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, as the price tries to recoup some recent losses, as it also vents off oversold saturation in the RSI.
Therefore we expect the price to return lower and target the pivotal support of $24.40, provided the resistance of $41.10 holds on.
Trend forecast for today: Likely Bearish
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Ethereum price (ETHUSD) trades with clear positivity to test 2100.00$ barrier, as it is affected by stochastic positivity, noticing that the EMA50 continues to press negatively on the price to support the chances of continuing the main bearish trend in the upcoming sessions.
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Bitcoin price (BTCUSD) shows clear positive trades to move away from 80474.40$ level, affected by stochastic positivity, waiting to get negative motive that assist to push the price to break the mentioned level and open the way to resume the bearish correction on the intraday and short-term basis.
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Brent oil price shows clear positive trades to head towards potential test to the bearish channel’s resistance line, noticing that stochastic continues to provide the negative signals that we are waiting to motivate the price to decline in the upcoming sessions.
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