Market Monitor 13 July 2023. Welcome everyone to today’s Market Monitor 13 July 2023. Together we analyze a 10 Cryptocurrency Portfolio and trade live on the Binance Futures platform. We use the TFLOW Trading Engine on the 4H Chart. The Total Market Cap is at 1.18T USD, the daily volume is at 30.86B USD, BTC Dominance is at 49.9% and the Fear and Greed Index is at 58%.
Yesterday’s news had no great impact on the crypto market with coins such as Matic and Sol staying significantly strong. About today’s report, Atom and Sol running profitable positions while we may need some time for other coins in order to make their movements.
Long Set-Ups: MATIC, VET, FTM, SOL
Short Set-Ups: BTC, ETH, XRP, DOGE, ATOM, BNB
BTC/USDT 4H
The price of BTC still fluctuates in a sideways range with a short position opening.
ETH/USDT 5H
The price of ETH faces some pressure as it fluctuates between the two SMMA lines with a short position opening.
BNB/USDT 4H
Despite the short position on the BNB we may see the price rebounds from the 50 SMMA line.
XRP/USDT 4H
We are still in a short mode for XRP. However, the price could rebound from these support areas.
ATOM/USDT 4H
The price of ATOM is running a short position opening with a gain of 2.84%.
MATIC/USDT 4H
Surprisingly the price of MATIC stays strong with a long position opening. Taking into account the technical resistance of the 200 SMMA line you should be aware of a potential bearish pressure.
DOGE/USDT 4H
Nothing significantly has changed for the price of DOGE as it still fluctuates below the 50 SMMA line with a short position opening.
FTM/USDT 3H
The price of FTM still operates a long position opening as it faces a strong trading area.
VET/USDT 4H
We may see the price of VET break above the two SMMA lines within the next hours or days. The price likely creates bullish price action in smaller timeframes.
SOL/USDT 4H
Finally, the price of SOL stays strong in a long mode with current gains of 14.64%.
This concludes our Market Monitor Report for 13 July 2023.
Discover more about the TFLOW Trading Engine here.
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