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
The price of BTC still fluctuates in a sideways range with a short position opening.
The price of ETH faces some pressure as it fluctuates between the two SMMA lines with a short position opening.
Despite the short position on the BNB we may see the price rebounds from the 50 SMMA line.
We are still in a short mode for XRP. However, the price could rebound from these support areas.
The price of ATOM is running a short position opening with a gain of 2.84%.
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.
Nothing significantly has changed for the price of DOGE as it still fluctuates below the 50 SMMA line with a short position opening.
The price of FTM still operates a long position opening as it faces a strong trading area.
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.
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.
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