#AI-driven 7-day #TechnicalAnalysis for $LINK #Chainlink on 31/8/23, powered by.
31 Aug 2023, 15:49
📊 #AI-driven 7-day #TechnicalAnalysis for $LINK #Chainlink on 31/8/23, powered by
The market outlook for next 7 days features potential bullish movements. Let's dive in and see why...
Price:
Prices ranged from $5.842 to $6.368 over the week
[Neutral] 😐
Moving Average:
Average price decreasing until 28th then showed a slight increase [Neutral] 😐
Relative Strength Index (RSI):
Consistently below 50, indicating selling momentum [#Bearish] 🐻
On balance Volume (#OBV):
Decreasing OBV indicates selling pressure [Bearish] 🐻
Average directional movement index (#ADX):
Gradual increase, suggesting strengthening of trend [Neutral] 😐
MACD:
MACD below MACD Signal, indicating bearish momentum [Bearish] 🐻
Stochastic:
Decreased from 60.797 to 38.892 throughout the week, nearing oversold territory [Bearish] 🐻
#Fibonacci Retracement Levels:
Prices fluctuated between Fib levels with no clear breakthrough 😐
Bullish Divergence Occurrences:
Stochastic is nearing oversold despite stable prices, indicating potential bullish divergence 🐂
Bullish Confirmation Occurrences:
Both Hammer and #DragonflyDoji candlestick patterns hint at a potential bullish reversal. When
combined with the increasing volume on 29th, this provides a strong bullish confirmation 🐂
Market outlook for next 7 days:
While there are multiple neutral & bearish indicators, the candlestick patterns combined with volume changes suggest potential bullish movements in the upcoming days 🐂
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Same news in other sources
101 Sep 2023, 14:15
📊 #AI-driven 7-day #TechnicalAnalysis for #BTC on 1/9/23, powered by
The market outlook for next 7 days is leaning #Bearish. Let's take a look at what is driving it...
Past 7-day's Price Action:
Started at $26,180, ended at $25,940.78
[Bearish Leaning] 🐻
Moving Average:
Price below average for most of the week
[Bearish Leaning] 🐻
Relative Strength Index (#RSI):
RSI started very low, rebounded mid-week
[Neutral] 😐
On balance Volume (#OBV):
Declined towards the end of the week
[Bearish Leaning] 🐻
Average directional index (#ADX):
ADX trend strength declines over 7 days
[Neutral] 😐
#MACD:
Negative Absolute Price Oscillator values, indicating bearishness [Bearish Leaning] 🐻
#Stochastic:
Fluctuated around the 50 mark; not overbought or oversold [Neutral] 😐
Fibonacci Retracement Levels:
Prices moved around different #Fibonacci levels [Neutral] 😐
Ultimate #Oscillator:
Showed decline towards the end of the week
[Bearish Leaning] 🐻
#BearishDivergence occurrence:
Price and MACD showed divergence, with the price jumping mid-week, while the MACD's Absolute Price
Oscillator values were still negative 🐻
#BearishConfirmation Occurrence:
- Bollinger Bands & Price confirm a bearish trend as price consistently moved near/below the middle band. Plus the OBV decline aligns with the
bearish trend 🐻
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provides AI-driven forecasts, #CryptoAnalytics, & market insights for #BTC #ETH #BNB #ADA #MATIC #DOGE #SOL #DOT #LTC #AVALANCHE & #Chainlink
#AI-driven 7-day #TechnicalAnalysis for #BTC on 1/9/23, powered by. The market outlook for next 7 days is leaning #Bearish.
📊 #AI-driven 7-day #TechnicalAnalysis for #BTC on 1/9/23, powered by https://t.co/wGh5c0TtO9
The market outlook for next 7 days is leaning #Bearish. Let's take a look at what is driving it...
Past 7-day's Price Action:
Started at $26,180, ended at $25,940.78
[Bearish Leaning] 🐻
Moving Average:
Price below average for most of the week
[Bearish Leaning] 🐻
Relative Strength Index (#RSI):
RSI started very low, rebounded mid-week
[Neutral] 😐
On balance Volume (#OBV):
Declined towards the end of the week
[Bearish Leaning] 🐻
Average directional index (#ADX):
ADX trend strength declines over 7 days
[Neutral] 😐
#MACD:
Negative Absolute Price Oscillator values, indicating bearishness [Bearish Leaning] 🐻
#Stochastic:
Fluctuated around the 50 mark; not overbought or oversold [Neutral] 😐
Fibonacci Retracement Levels:
Prices moved around different #Fibonacci levels [Neutral] 😐
Ultimate #Oscillator:
Showed decline towards the end of the week
[Bearish Leaning] 🐻
#BearishDivergence occurrence:
Price and MACD showed divergence, with the price jumping mid-week, while the MACD's Absolute Price
Oscillator values were still negative 🐻
#BearishConfirmation Occurrence:
- Bollinger Bands & Price confirm a bearish trend as price consistently moved near/below the middle band. Plus the OBV decline aligns with the
bearish trend 🐻
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https://t.co/wGh5c0TtO9 provides AI-driven forecasts, #CryptoAnalytics, & market insights for #BTC #ETH #BNB #ADA #MATIC #DOGE #SOL #DOT #LTC #AVALANCHE & #Chainlink