Market Monitor 14 July 2023. Welcome everyone to today’s Market Monitor 14 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 1.25T USD, the daily volume is at 69.98B USD, BTC Dominance is at 48.9% and the Fear and Greed Index is at 57%.
Such a great win for Ripple and XRP due to yesterday’s court decision that causes a mass increase in the crypto market. We are currently long for all the coins in our watch list with XRP, SOL, MATIC and FTM being the top gainers.
Long Set-Ups: BTC, ETH, XRP, DOGE, ATOM, BNB, MATIC, VET, FTM, SOL
Short Set-Ups: –
We may see the price of BTC continues higher after this retest back to the previous resistance area.
ETH broke above the previous top and running a long position with a gain of 6.02% for the moment.
BNB has changed its position from short to long after the price retested the 50 SMMA line.
The price of XRP surged after yesterday’s news. Finally, the price fluctuates in a different trading range with a running long position of 65.2% gains. You should consider placing your SL above your entry.
The price of ATOM crossed over the two SMMA lines while operating a long position opening.
MATIC created another bullish leg that broke above the 200 SMMA line. On top of that, the price operates a long position opening with current gains of 15.63%.
Despite the previous short position, the Trading Engine informed us on time by opening a long position that currently gains 7.63%.
FTM is still in a long mode and the price is gaining 14.57%. After the price reaches the previous resistance area, you should consider securing your position and profits.
And here is the breakout. The price of VET operates a long position opening with current gains of 6.49%.
The price of SOL operates a long position opening with current gains of 51.13%. You should consider placing your SL above your entry.
This concludes our Market Monitor Report for 14 July 2023.
Discover more about the TFLOW Trading Engine here.
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