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.
[coinmc type=”chart” coin=”SC”]
Siacoin is trading below yesterday’s pivot at 0.00205. As a negative short-term outlook, prices could explore support at 0.00198.
As a bullish sign, the MACD went above the signal line. Gains for buyers are likely to continue. More clues should be taken from the security’s volume and price before forecasting a buy signal.
RSI is pointing upwards at 53.7. This signals strong momentum which could lead to higher prices. The strong momentum could also help push the price over the resistance level.
As a popular momentum indicator, the Relative Strength Index (RSI) displays a value between 0 and 100. The RSI identifies potential exhaustion points for buyers and sellers when it exceeds the level 70 for buyers and lower than 30 for sellers.
The average true range (ATR) measures volatility. The ATR measures the degree of enthusiasm for buyers and sellers. A bearish support break with an increase in ATR would show strong selling pressure and reinforce the support break.
Using today’s pivot points, we can calculate what tomorrow’s prices might be. Tomorrow’s expected high is 0.00209 with a low of 0.00191.