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: 0.0273, Resistance 2: 0.0279, Resistance 3: 0.0288, Support 1: 0.0256, Support 2: 0.025, Support 3: 0.0241.
Pivots
Syscoin has slumped below yesterday’s pivot of 0.0264. If bears continue to sell off, we could see prices slump as low as 0.0241. however, bulls could come back and push it towards yesterday’s pivot of 0.0264 or to the resistance zone at 0.0273.
MACD
For the MACD, it crossed above the signal line. Gains for buyers are likely to continue.
The MACD is a common momentum indicator that shows the difference between two expotential moving averages (EMAs). When used in conjunction with the RSI, the indicator can help spot overbought and oversold levels as well as the trend of momentum for a specific security.
RSI
RSI seems to be going with the trend at 56.4. Therefore, this value displays a appreciable momentum to the upside. There’s also still some room to go before the indicator reaches the 70 overbought level so the trend might continue.
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
A separate indicator is the Average True Range (ATR) which is used for measuring volatility. Using the ATR, one can validate the importance of price movements. Strong price movements should be accompanied by high ATR readings, which gives the movement credit.
Prediction
Future prices can be calculated from today’s pivot points. A high of 0.0264 is expected tomorrow along with a low of 0.0256.
