#AI-driven #TechnicalAnalysis for $AVAX #AVALANCHE on 18/9/23, powered by $GNY at. Market outlook for next 7 days:.
18 Sep 2023, 15:00
📊 #AI-driven #TechnicalAnalysis for $AVAX #AVALANCHE on 18/9/23, powered by $GNY at
Market outlook for next 7 days:
Mixed indicators, but leaning #bearish overall 🐻
Let's take a look at what's driving it
Price:
Slight downtrend from $9.46 to $9.09 [Bearish] 🐻
Moving Average:
7-day moving average decreased from $9.94 to $9.57 [Bearish] 🐻
Relative Strength Index (#RSI):
Potentially oversold indicators as RSI consistently below 35 [Bullish] 🐂
#Fibonacci_Retracement:
- Prices fluctuating around 50% retracement levels [Neutral] 😐
- Consistent price support observed around 38.2% [Bullish] 🐂
- Resistance observed near 61.8% retracement [Bearish] 🐻
On Balance Volume (#OBV):
Minimal fluctuation, mostly flat over the week [Neutral] 😐
Average Directional Movement Index (#ADX):
Remains above 40, indicating a strong trend
[Neutral] 😐
#MACD:
Absolute Price Oscillator values are negative [Bearish] 🐻
Stochastic:
#Stochastic showing upward momentum shift
[Bullish] 🐂
TD Sequential:
Readings indicate sustained bearish momentum [Bearish] 🐻
#BollingerBands:
Charts show price moving closer to the lower band [Bearish] 🐻
#BearishConfirmation Occurrence:
Downtrend price is confirmed by the bearish moving average & MACD 🐻
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