Summary
The MACD line is above the signal line, which is a bullish sign. The 12 day EMA is below the 26 day EMA, which is a bearish sign. Resistance 1: 0.00264, Resistance 2: 0.00268, Resistance 3: 0.00274, Support 1: 0.00253, Support 2: 0.00249, Support 3: 0.00243.
[coinmc type=”chart” coin=”TNB”]
Pivots
Time New Bank has slumped below yesterday’s pivot of 0.00259. If bears continue to sell off, we could see prices slump as low as 0.00243.
MACD
For the MACD, it crossed above the signal line. Gains for buyers are likely to continue. Caution should be taken with these common signals as they are not guaranteed.
RSI
RSI is in negative territory at 44.2. The RSI signals that sellers could stay in control.
ATR
Another oscillator is the Average True Range (ATR) which measures volatility. As a banded oscillator, the ATR reflects how motivated buyers and sellers are in their positions. A bearish support break with an increase in ATR would show strong selling pressure and reinforce the support break.
Prediction
Pivot points can also be used to calculate prices moving forward. We can expect a high of 0.00258 for tomorrow and a low of 0.00251.
