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: 0.0994, Resistance 2: 0.101, Resistance 3: 0.103, Support 1: 0.0943, Support 2: 0.0928, Support 3: 0.0902.
[coinmc type=”chart” coin=”NAV”]
NAV Coin is above yesterday’s pivot of 0.0968. As a positive sign for the bulls they could aim for first resistance level at 0.0994. The main three support areas are 0.0943, 0.0928 and 0.0902.
Thanks to the buyers, the MACD is above the signal line. A strong uptrend then is therefore expected.
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 is also on the upside at 57.8. Therefore, this value exposes a substantial momentum to the upside.
The Relative Strength Index (RSI) is a mometum indicator that oscillates 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. By measuring volatility, the severity of price movement can be checked with the ATR. Strong price movements can be verified through the ATR, while weaker movements will come with smaller readings.
Future prices can be calculated from today’s pivot points. Prices for tomorrow: high, 0.0981, low, 0.0963.