#AI-driven 7-day #TechnicalAnalysis for #ETH on 4/9/23, powered by.

04 Sep 2023, 15:01

📊 #AI-driven 7-day #TechnicalAnalysis for #ETH on 4/9/23, powered by The market outlook for next 7 days appears to be dominated by slight selling pressure, although there are possible early signs of reversal/stabilization. Let's take a look at what is driving it... Price: Opened at $1658.33 on Aug 28 and closed at $1639.39 Sept 3 [#Bearish] 🐻 Moving Average: Price fluctuated around the #BollingerBands' Middle Band [Neutral] 😐 Relative Strength Index (#RSI): RSI remains under 50; bearish momentum [Bearish] 🐻 On balance Volume (#OBV): OBV steadily declined indicating selling pressure. [Bearish] 🐻 Avg directional movement index (#ADX): ADX remained > 46 throughout, indicating strong trend presence [Neutral] 😐 #MACD : MACD steadily approaching Signal Line [Neutral] 😐 Stochastic: #Stochasticoscillator values range between 35.09 to 68.29 [Neutral] 😐 #Fibonacci Retracement Levels: Price fluctuates around Fibonacci levels [Neutral] 😐 Bearish Confirmation Occurrence: Chaikin AD Oscillator measuring momentum, decreased during the week indicating selling pressure, in alignment with OBV trend [Bearish] 🐻 --------------- provides AI-driven forecasts, #CryptoAnalytics, & market insights for #BTC #ETH #BNB #ADA #MATIC #DOGE #SOL #DOT #LTC #AVALANCHE & #Chainlink