Market Monitor 26 July 2023. Welcome everyone to today’s Market Monitor 26 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 1.17T USD, the daily volume is at 26.52B USD, BTC Dominance is at 48.4% and the Fear and Greed Index is at 52%.
Doge is still the top gainer over the last days according to the CoinMarketCap site while continuing higher with a long position opening. Atom and Matic operating profitable short positions as well. You can secure your positions if you wish to.
Long Set-Ups: BNB, SOL, DOGE
Short Set-Ups: BTC, ETH, XRP, ATOM, MATIC, VET, FTM
BTC keeps fluctuating in a downtrend with a short position opening.
ETH forms a retest back to the 200 SMMA line. Additionally, the price operates a short position opening with a 3.18% gain.
The price of BNB is still in a long mode while moving in the VPVR zone.
Despite the short signals, the price of XRP fluctuates above the 50 SMMA line.
ATOM is still in a short mode with current gains of 5.09%.
We may see the price of MATIC fulfil the gap on the VPVR while operating a short position opening with a 7.56% gain.
DOGE continues to be strong while operating a long position opening with a 5.9% gain.
FTM continues dragging lower with a short position opening.
Nothing significantly new for the price of FTM. The price is still in a short mode for the moment.
We have no updates for the price of SOL. According to the Trading Engine, the price is still in a long mode.
This concludes our Market Monitor Report for 26 July 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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