Summary
The MACD line is above the signal line, which is a bullish sign. The 12 day EMA is above the 26 day EMA, which is a bullish sign. Resistance 1: 0.00212, Resistance 2: 0.00216, Resistance 3: 0.00224, Support 1: 0.00198, Support 2: 0.00193, Support 3: 0.00186.
Pivots
Siacoin is currently below yesterday’s pivot of 0.00205. If bears continue to sell off, we could see prices slump as low as 0.00186. We could see the price bounce off the support levels or it could turn lower.
MACD
As a bullish sign, the MACD went above the signal line. Positive momentum to the upside is expected. Caution should be taken with these common signals as they are not guaranteed.
The MACD is a common momentum indicator that shows the difference between two expotential moving averages (EMAs). A low or high MACD reading is common, however, in strong down or uptrends.
RSI
RSI is pointing upwards at 53.7. Some analysts would consider this value a buy signal.
The RSI is a popular momentum oscillator that moves between 0 and 100. The RSI indicates overbought and oversold conditions with readings above 70 for overbought and below 30 for oversold.
ATR
For measuring volatility the Average True Range (ATR) is often used. The ATR measures the degree of enthusiasm for buyers and sellers. A breakout or trendline violation can be confirmed with a high reading on the ATR.
Prediction
Tomorrow’s high and low can be calculated using the current period’s high and low. A high of 0.00209 is expected tomorrow along with a low of 0.00191.
