#AI-driven 7-day #TechnicalAnalysis for #BNB #binancecoin 21/8/23, powered by. Price:.
21 Aug 2023, 14:18
📊 #AI-driven 7-day #TechnicalAnalysis for #BNB #binancecoin 21/8/23, powered by
Price:
Consistent downward trend in closing price from $240 to $216 [Bearish] 🐻
Moving Average:
7-day average price decreased from $240.45 to $216.7 [Bearish] 🐻
Relative Strength Index (RSI):
RSI consistently below 30, indicating potential oversold conditions [Bullish] 🐻
On-balance Volume (OBV):
A slight decrease in OBV from $556104705.746 to
$553714381.036 [Bearish] 🐻
Average directional index (ADX):
Increased from 8.307 to 25.026, indicating strengthening of the current trend. [Bearish] 🐻
MACD:
MACD consistently below the signal line and both moving downwards. Histogram value negative & growing [Bearish] 🐻
Stochastic:
Stochastic values are consistently low, indicating potential oversold condition. [Neutral/Bullish] 😐🐂
Fibonacci Retracement Levels:
Prices mostly fluctuating around the midpoint retracement levels [Neutral] 😐
TD Sequential:
Showing consistent bearish setups with countdown [Bearish] 🐻
Bollinger Bands:
Prices consistently moving toward the lower band [Bearish] 🐻
Parabolic SAR:
Indicators trending above price [Bearish] 🐻
Bearish Confirmation Indicators:
- MACD below signal line and decreasing OBV confirms bearish trend from decreasing avg. price.
- Bollinger Bands lower movement & Parabolic SAR above price also confirm bearish sentiment 🐻
Market outlook for next 7 days:
With most indicators showing bearish signals, the outlook is negative [Bearish] 🐻
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