Silver prices traded within tight sideways range in its last intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, affected by breaching main bearish trend on the short-term basis, with the continuation of the positive pressure due to its trading above EMA50, which represented dynamic base that provides renewed bullish momentum.
On the other hand, we notice the emergence of negative signals from the relative strength indicators, which might obstruct the near-term recovery.
Ethereum (ETHUSD) declined during recent intraday trading, affected by the stability of the key resistance at $1,800, with the emergence of the negative signals from the relative strength indicators, attempting to gain bullish momentum that might help it to breach this resistance, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, which reinforces the dominance and stability of the bullish corrective trend on the short-term basis, with the trading alongside supportive trend line for this path.
Brent crude oil prices fluctuated in its last intraday trading, attempting to offload its oversold conditions on the relative strength indicators, with the emergence of positive signals from them, attempting to recover some previous losses, amid the dominance of the main bearish trend on the short-term, with its trading below EMA50, representing extra negative pressure.
Bitcoin (BTCUSD) declined in its last intraday trading, attempting to look for a rising low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the bullish corrective trend on the short-term, with the trading alongside supportive trend line for this path, besides the continuation of the dynamic support that is represented by its trading above EMA50, noticing that the relative strength indicators reach to oversold levels, exaggeratedly compared to the price move. Forming positive divergence reinforces the chances of price recovery in the upcoming near period.