cryptoknowmics.com
Technical Key Points
- Chat is on a bullish trend
- It is trading at $0.001303
- The MACD shows a bullish trend
Chat Past Performance
In the last 24 hrs, Chat has been trading as low as $0.0008383 and as high as $0.001868. The trading volume is $624,110 and the market capitalization is $1,279,596. From 28 May to early June, Chat has been facing downward pressure. Since then it has been on a slight uptrend but is still not able to recover all its losses.
Chatcoin Technical Analysis
According to chat technical analysis it is currently trading at $0.001303, a price rise of 47.74% in the last 24hrs. The RSI for chat is currently at 60.6 which indicates that the market is neither overbought nor oversold and has scope for more movement. The MACD is currently in the bullish zone with a crossover signal line indicating an upward trend. The MACD bars are starting to form green and small bars indicating a weakening of the bullish momentum. The RSI is on its uptrend to face the 70 regions. The Stochastic lines are in the overbought region but have not yet made a bearish crossover. The Bollinger Bands for chat show that the market is currently in a state of consolidation with no clear direction. The recent candlesticks have been bouncing off the lower Bollinger Band indicating support at the $0.001 level. Out of the 26 indicators, 17 show a buying signal, 1 show a selling signal and 8 are giving a neutral signal. The oscillators are currently giving a bullish signal. The moving averages are all in an uptrend with the 50-day MA being the closest to the current price level. The Pivot point for chat is $0.00117 with the first support at $0.000988 and the second support at $0.000859. The first resistance is at $0.001295 and the second resistance is at $0.001424.
Chat Upcoming Trend
From the above analysis, it can be concluded that Chat is currently in an uptrend and is likely to continue its upward movement in the short term. The overall trend for chat is currently bullish but it faces some resistance at the $0.0014 level. A breakout above this level can take it to the $0.0016 level. On the downside, a break below $0.001196 can take it to the $0.001085 level