As the name suggests, a moving average provides the average closing price for MELD over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular MELD price prediction tools. When trying to predict the MELD price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. MELD traders use a variety of tools to try and determine the direction in which the MELD market is likely to head next. Periodīased on today's classical pivot point (P1) with the value of $ 0.016543, MELD has support levels of $ 0.016010, $ 0.015174, and the strongest at $ 0.014641. Traders use the trend indicator to discover short-term overbought or oversold conditions. Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Moving averages are a lagging indicator which means they are based on previous price action. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a popular indicator in all financial markets. Popular MELD Moving Averages and Oscillators for Tue, Mar 07, 2023 Currently, the RSI value is at 34.03, which indicates that the MELD market is in a neutral position. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). MELD's short-term 50-Day SMA is estimated to hit $ 0.016986 by Apr 05, 2023. Meanwhile, a Golden Cross last occurred on Feb 19, 2023, which was 15 days ago.īased on our technical indicators, MELD's 200-day SMA will drop in the next month and will hit $ 0.019394 by Apr 05, 2023. The most recent Death Cross in the Bitcoin market happened 3 days ago, on Mar 03, 2023. The price of MELD is currently below the 50-day SMA and this indicator has been signaling SELL for the last 18 days, since Feb 16, 2023. The 200-day SMA has been signaling SELL for the last 30 days, since Feb 04, 2023. MELD is currently trading below the 200-day simple moving average (SMA). MELD Predictions for years 2023, 20 Based on Tech Growth Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our MELD forecast, it's now a bad time to buy MELD.ĭisclaimer: This is not investment advice. MELD recorded 13/30 (43%) green days with 7.89% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 49 (Neutral). According to our current MELD price prediction, the value of MELD is predicted to drop by -16.19% and reach $ 0.014066 by March 12, 2023.
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