#AI-driven #TechnicalAnalysis for $MATIC #Polygon on 11/9/23, powered by $GNY at. Market outlook for next 7 days:.

11 Sep 2023, 15:17

📊 #AI-driven #TechnicalAnalysis for $MATIC #Polygon on 11/9/23, powered by $GNY at Market outlook for next 7 days: Bearish momentum in control. Let's take a look at what's driving it... Price: Started at $0.5422 and ended at $0.5233 over the week [#Bearish] 🐻 Moving Average: Average price decreased from $0.5544 to 0.5526 [Bearish] 🐻 Relative Strength Index (#RSI): RSI declining towards oversold territory (below 30) [Bearish] 🐻 On balance Volume (#OBV): OBV slightly decreased throughout the week [Bearish] 🐻 Average directional index (#ADX): ADX declining indicates decreasing trend strength [Neutral] 😐 #MACD: Indicates slight negative momentum [Bearish] 🐻 #Stochastic: Declined from 22.016 to 21.715 [Bearish] 🐻 #Fibonacci Retracement Levels: Price hovers near retracement levels, hinting possible support/resistance [Neutral] 😐 Bearish confirmation Occurrence: - Price and OBV are in sync, both showing a downward trend 🐻 - The decreasing price trend is confirmed by a decreasing moving average and momentum 🐻 - Both RSI's move to oversold territory and price decline 🐻 --------------- provides AI-driven forecasts, #CryptoAnalytics, & market insights for #Bitcoin #ETH #BNB #ADA #MATIC #DOGE #SOL #DOT #LTC #AVAX & #Chainlink #CryptoInsights & #TradingTips, not trading or financial advice.