PayPal Holdings’ stock price (PYPL) rose in latest intraday trading as the price tries to recoup some recent losses, amid the dominance of the main downward trend in the short term, while trading alongside a highly steep trend line, with ongoing negative pressure due to trading below the 50-day SMA, couple with negative signals from the Stochastic after reaching overbought levels.
Therefore we expect the price to return lower and target the support of $55.85, provided the resistance of $63.90 holds on.
Today’s price forecast: Bearish
Ethereum price (ETHUSD) settled upside in its last intraday trading, attempting to gain the required positive momentum to help it to breach its current resistance at $1,800, as it attempts to offload some of its overbought conditions on the (RSI), with the beginning of negative overlapping signals appearance, amid the dominance of the bullish correctional trend on the short-term basis.
Bitcoin price kept declining in its last intraday trading, to successfully breach the resistance level at $92,500,amid the dominance of the main bullish trend on the short term basis, and its trading alongside trend line, the price last rise came in spite of the emergence of the negative signals from the (RSI), in attempt to offload some of its overbought conditions, which shows the strength of the positive momentum strength.
Brent Crude oil price rose I its last intraday trading, keeping the bullish correctional bias on the short-term basis, supported by its trading above EMA50, but we notice that the (RSI) reach the overbought levels, which might decelerate the upcoming gains.