EOS/USD price fell in latest intraday trading, amid the dominance of the main upward trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic despite reaching oversold levels.
Therefore we expect the price to fall and target the pivotal support of $0.4390, provided it settles below the resistance of $0.5568.
Today’s price forecast: Bearish
Binance Coin’s currency price (BNBUSD) fell in latest intraday trading, amid the dominance of the downward correctional trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA, forming a dynamic resistance that curbed recent gains, with negative signals streaming from the Stochastic despite settling at oversold levels.
Therefore we expect more losses for the price, provided it settles below $659.7, targeting the support of $625.60.
Today’s price forecast: Bearish
Shopify’s stock price (SHOP) fell in latest intraday trading after the current resistance of $110.68 held on, with negative signals streaming from the Stochastic as the price tries to gather positive momentum to rebound and pierce that resistance, amid the dominance of the main upward trend in the medium term, while boosted by a positive technical pattern that formed at the end of the latest descending correctional wave, which is the Inverse Head and Shoulders pattern.
Therefore we expect the price to rise, provided the resistance of $110.68 is breached, targeting the next one at $129.38.
Today’s price forecast: Bullish
Walt Disney Company’s stock price (DIS) inched lower in latest intraday trading, after the pivotal and stubborn resistance of $118.63 held on, with the price trying to gather positive momentum to breach that resistance, while also venting off overbought saturation in the Stochastic as negative signals emerged from it, with ongoing positive support from trading above the 50-day SMA, coupled with the dominance of the main upward trend in the short term.
Therefore we expect more gains for the price, provided the aforementioned resistance of $118.63 is breached, targeting the next one at $129.00.
Today’s price forecast: Bullish