Market Monitor 21 July 2023. Welcome everyone to today’s Market Monitor 21 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 1.2T USD, the daily volume is at 36.32B USD, BTC Dominance is at 48.3% and the Fear and Greed Index is at 55%.
We closing this week with no much volatility on most of the charts. We see that XLM taking part of the market dominance while leading this altcoin period. Moreover, we closed another successful position on XRP with a +2.8% gain.
Long Set-Ups: ATOM, MATIC, FTM, DOGE, SOL
Short Set-Ups: BTC, ETH, BNB, XRP, VET
BTC/USDT 4H
BTC keeps fluctuating sideways with a short position opening.
ETH/USDT 5H
Despite the fake break out, ETH stays in a short mode.
BNB/USDT 4H
The price of BNB keeps fluctuating below the 50 SMMA line with a short position opening.
XRP/USDT 4H
+2.8 for our previous long position on XRP. Now the price operates a short position opening.
ATOM/USDT 4H
Nothing significantly has changed in the price of ATOM. The price operates a long position opening while the price fluctuates on the 50 SMMA line.
MATIC/USDT 4H
The price of MATIC operates a long position opening while fluctuating on the 200 SMMA line.
DOGE/USDT 4H
Our running long position in DOGE currently gains 2.96% while the price approaching the previous resistance area.
FTM/USDT 3H
The price of FTM moves in a descending channel with a long position opening.
VET/USDT 4H
Not the best movement for the price of VET. You can stay neutral on this chart until the price change trading range.
SOL/USDT 4H
SOL is still in an uptrend movement according to the Trading Engine. However, you may think about securing your position.
This concludes our Market Monitor Report for 21 July 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
Disclaimer
On this page you’ll find some important points you should be aware of while using the information received by our activities. It should be read in addition to our Terms & Conditions.
Your investments are your responsibility
We do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading/watching any of our publications/broadcasts. You acknowledge that you use the information we provide at your own risk.
Information, not advice or recommendations
Our publications/broadcasts do not offer investment advice and nothing in them should be construed as investment advice. Our publications/broadcasts provide information and education for investors who can make their investment decisions without advice.
The information in our publications/broadcasts is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any securities. Our publications/broadcasts are not, and should not be seen as, a recommendation to use any particular investment strategy.
