#AI-driven 7-day #TechnicalAnalysis for $DOT #Polkadot on 28/8/23, powered by.
28 Aug 2023, 14:46
📊 #AI-driven 7-day #TechnicalAnalysis for $DOT #Polkadot on 28/8/23, powered by
The #Polkadot market outlook for next 7 days is mixed but leans towards caution due to selling pressure.. Let's dive in and see why...
Price:
Prices fluctuated within the range of $4.250 to $4.544 [Neutral] 😐
Moving Average:
7-day moving average steadily decreased from 4.788 to 4.55 [Bearish] 🐻
Relative Strength Index (RSI):
RSI values below 40, but slightly rising towards the end of period [Neutral] 😐
On-balance Volume (OBV):
OBV shows consistent negative values indicating selling pressure [Bearish] 🐻
Average directional index (ADX):
ADX values are increasing, suggesting a strengthening trend [Neutral] 😐
MACD:
MACD below its signal line throughout the period, slightly narrowing gap on 27th [Bearish] 🐻
Stochastic:
Stochastic SlowK values increasing, nearing overbought territory [Bullish] 🐂
Fibonacci Retracement:
Prices oscillate around Fib levels, with no strong breaks. [Neutral] 😐
Bearish Confirmation Occurrences:
The price, MACD, and RSI showed a similar declining trend, confirming bearish momentum 🐻
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