Based on AI analysis, the price movement for AVAX/USDT has indeed followed the AI model's prediction. The price prediction utilizes the following parameters:
Historical Price Data: Closing prices from previous periods.
Trading Volume: Daily trading volumes.
Technical Indicators:
RSI (Relative Strength Index): An indicator of the strength of the price trend, showing whether the currency is overbought or oversold.
MACD (Moving Average Convergence Divergence): An indicator that tracks changes in the strength, direction, momentum, and duration of a price trend.
Bollinger Bands: An indicator that measures volatility and provides relatively high and low price values.
ATR (Average True Range): A volatility indicator showing how much the price moves over a certain period.
The model uses these parameters for training and subsequent prediction of future price movements. These technical indicators and historical data help the model identify patterns and trends that may suggest future price movements. This approach enables the AI model to provide relevant and timely predictions that can be used for effective decision-making in the spot market.