Market Monitor 24 July 2023. Welcome everyone to today’s Market Monitor 24 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 1.19T USD, the daily volume is at 24.45B USD, BTC Dominance is at 48.6% and the Fear and Greed Index is at 56%.
We starting the new week with successfully closed positions on XRP, ATOM and DOGE. The price of BTC fluctuates in a neutral way, a fact that makes investors more interested in altcoins. XLM is the top performer over the last days while DOGE moves with high volatility.
Long Set-Ups: BTC, BNB, MATIC, VET, FTM, SOL, DOGE
Short Set-Ups: ETH, XRP, ATOM
The price of BTC keeps fluctuating in a sideways movement below the 50 SMMA line.
ETH keeps operating a short position opening with current gains of 2.24%.
BNB operates a long position opening while fluctuating below the 50 SMMA line.
+2.8% for our previous long position on XRP. Currently, the price operates a short position opening with a 5% gain.
+2.74% for our previous long position on ATOM. The price currently operates a short position opening. However, this particular area where the price fluctuates could act as a support zone.
MATIC is in a short mode with current gains of 2.48%.
We observe much volatility on the DOGE chart with a conflict between bullish and bearish signals. We closed another successful long position with a gain of +3.39% and now we are waiting to see how the price is going to play.
Nothing significantly has changed for the price of FTM. The price keeps continuing to fluctuate sideways.
The conflict between bullish and bearish signals keeps continuing. Obviously as it seems, the price fluctuates sideways with no specific direction for the moment.
SOL is still bullish while encountering the 50 SMMA line.
This concludes our Market Monitor Report for 24 July 2023.
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