Blox (CDT/USD) Price Analysis: May Slip Lower

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: 0.0138, Resistance 2: 0.0139, Resistance 3: 0.0141, Support 1: 0.0135, Support 2: 0.0134, Support 3: 0.0133.
[coinmc type=”chart” coin=”CDT”]

Pivots

Blox is trading below its support at 0.0135 We might then see a test of the next support levels at 0.0134 or 0.0135 3.

MACD

As a sign of strength, the MACD is above the signal line. Momentum is therefore in the bulls favor.

RSI

RSI is pointing upwards at 57.4. This signals that buyers could stay in control for awhile longer.
The RSI is a popular momentum oscillator that moves between 0 and 100. The RSI can help predict bullish and bearish reversals when it exceeds levels 70 and below 30.

ATR

A separate indicator is the Average True Range (ATR) which is used for measuring volatility. By measuring volatility, the severity of price movement can be checked with the ATR. A bearish support break with an increase in ATR would show strong selling pressure and reinforce the support break.

Prediction

Tomorrow’s high and low can be calculated using the current period’s high and low. A high of 0.0136 is expected tomorrow along with a low of 0.0131.