Arista Networks (ANET) rose slightly in its latest intraday trading as the stock attempts to recover part of its previous losses. This comes under the dominance of a short-term corrective descending wave and after breaking a main short-term ascending trendline, while continued negative pressure persists from trading below its previous 50-day SMA, which limits the stock’s near-term recovery prospects. In addition, RSI indicators remain in extremely overbought territory in an exaggerated manner compared to the stock’s movement, suggesting the early formation of a negative divergence.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $136.80, targeting the support level of $114.55.

Today’s price forecast: Bearish

The price of (ETHUSD) witnessed calm trading in limited range on the intraday trading, amid the attempts of gathering its positive strength that may help it to rise again, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trend line for this trend, and there is dynamic support that is represented by its trading above EMA50, and the relative strength indicators have reached exaggerated oversold levels compared to the price move.

Bitcoin (BTCUSD) prices are moving in limited range, fluctuating in their last intraday levels, leaning on the support of its EMA50, amid its attempts to gain bullish corrective trend line on the short-term basis, with the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

Brent crude oil’s price rose on the recent intraday trading, due to the stability of the support level at $62.10, gaining some bullish momentum, affected by the price exit from minor bullish channel range due to its trading below EMA50, intensifying the negative pressure, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there.