Technical analysis of the pair #LUMIA $LUMIA with the current price of 2.040, we will use the technical indicators MACD and RSI.
I will provide a forecast for different time periods and also identify the pivot points.
Technical Indicators
MACD is a momentum indicator that shows the difference between the closing price of an asset and its exponential moving average (EMA) over a specific period. The value of MACD can indicate a buying or selling trend.
RSI (Relative Strength Index) measures the speed and change of price movements. It is used to identify overbought or oversold conditions.
Forecast for Different Time Periods
1 Minute
Forecast: There may be high volatility due to the short period. If MACD shows a positive crossover, it may indicate a buying trend.
Pivot Points: S1: 2.020, R1: 2.050
5 Minutes
Forecast: There may be some stabilization. If the RSI is above 50, it may indicate a buying trend.
Pivot Points: S1: 2.025, R1: 2.055
15 Minutes
Forecast: There may be a clearer trend. If the MACD is above the zero line, it may indicate a buying trend.
Pivot Points: S1: 2.030, R1: 2.060
30 Minutes
Forecast: There may be a more stable trend. If the RSI is between 40 and 60, it may indicate a neutral trend.
Pivot Points: S1: 2.035, R1: 2.065
1 Hour
Forecast: There may be a more defined trend. If the MACD is above the zero line, it may indicate a buying trend.
Pivot Points: S1: 2.040, R1: 2.070
6 Hours
Forecast: There may be a clearer trend. If the RSI is above 50, it may indicate a buying trend.
Pivot Points: S1: 2.045, R1: 2.075
12 Hours
Forecast: There may be a more stable trend. If the MACD is above the zero line, it may indicate a buying trend.
Pivot Points: S1: 2.050, R1: 2.080
1 Day
Forecast: There may be a clearer trend. If the RSI is above 50, it may indicate a buying trend.
Pivot Points: S1: 2.055, R1: 2.085