Market Monitor 19 July 2023. Welcome everyone to today’s Market Monitor 19 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 1.21T USD, the daily volume is at 32.42B USD, BTC Dominance is at 48.4% and the Fear and Greed Index is at 55%.
Today’s market moves quite neutral without big movements for the moment. We closed a position on Atom with a small profit while staying long for XRP and SOL according to the Trading Engine algorithm.
Long Set-Ups: BTC, XRP, ATOM, FTM, SOL
Short Set-Ups: ETH, DOGE, BNB, MATIC, VET
We are in a long mode for Bitcoin while the price fluctuates below the 50 SMMA line.
ETH keeps continuing to be in a short mode. However, the price fluctuates above the 50 SMMA line.
The price of BNB retests the 50 SMMA line and we may see a further decrease close to the previous support area.
XRP is pretty strong by reopening a long position that currently gains 4.19%.
+1.62% for our previous short position on ATOM. Currently, the price operates a long position opening.
The price of MATIC operates a short position opening with a gain of 5.11% for the moment.
DOGE is in a short mode while the price fluctuates on the two SMMA lines.
Despite the long position, the price of FTM keeps dragging lower.
We observe a conflict between bullish and bearish signals for the price of VET. Additionally, the price fluctuates on the two SMMA lines with a short position opening.
SOL keeps moving in a long mode for the moment with current gains of 38.02%.
This concludes our Market Monitor Report for 19 July 2023.
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