#AI-driven 7-day #TechnicalAnalysis for $XRP #XRPArmy on 4/9/23, powered by.
05 Sep 2023, 15:44
📊 #AI-driven 7-day #TechnicalAnalysis for $XRP #XRPArmy on 4/9/23, powered by
The market outlook for next 7 days shows downward momentum persisting. Let's take a look at what's driving it...
Price:
Started at $0.5232, ended at $0.5087, with a decline
[#Bearish] 🐻
Moving Average:
Average price declined slightly over 7 days [Bearish] 🐻
Relative Strength Index (#RSI):
Started at 40.77, ended at 36.36, mostly under 50
[Bearish] 🐻
On balance Volume (#OBV):
Volume remained substantial but did not show a trend [Neutral] 😐
Average directional index (#ADX):
ADX values around 30, trend strength moderate [Neutral] 😐
MACD:
#MACD hovering around zero, subtle bullish cross [Neutral] 😐
#Stochastic:
Decreased from 64.979 to 35.8 over the period [Bearish] 🐻
Fibonacci Retracement Levels:
Price mostly fluctuated around central #Fibonacci levels [Neutral] 😐
TD Sequential:
Shows a bearish count of -5 [Bearish] 🐻
#ParabolicSAR:
Indicates downtrend with values above the price [Bearish] 🐻
#Coppock Curve:
Indicator is negative, suggesting potential decline [Bearish] 🐻
#BearishConfirmation occurrence:
RSI, Stochastic, Parabolic SAR, and #TDSequential all show bearish signals, confirming the downtrend 🐻
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