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 is currently below yesterday’s pivot of 0.0264. As a negative short-term outlook, prices could explore support at 0.0256.
MACD
For the MACD, it crossed above the signal line. Momentum is therefore in the bulls favor. More clues should be taken from the security’s volume and price before forecasting a buy signal.
RSI
RSI is heading north at 56.4. A high RSI value such as this helps to confirm the price trend. There’s also still some room to go before the indicator reaches the 70 overbought area so the trend may continue.
ATR
Independent from price, the Average True Range (ATR) is an indicator used for measuring volatility. Through using the ATR, the importance of different price movements can be quantified. 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. Prices for tomorrow: high, 0.0264, low, 0.0256.
