Market Monitor 27 July 2023. Welcome everyone to today’s Market Monitor 27 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 30.55B USD, BTC Dominance is at 48.2% and the Fear and Greed Index is at 52%.
Another two successful closed positions on Eth and Matic. Moreover Atom running a profitable short position while Sol is still in an uptrend according to the Trading Engine algorithm.
Long Set-Ups: ETH, XRP, MATIC, VET, FTM, BNB, SOL, DOGE
Short Set-Ups: BTC, ATOM
Nothing significantly new for BTC. The price fluctuates between the two SMMA lines with a short position opening.
+2.17% for our previous short position on ETH. Currently the price operates a long position opening.
BNB fluctuates on the 50 SMMA line with a long position opening.
XRP is in a long mode after rejecting the 50 SMMA line.
The price of ATOM keeps running a short position opening with a gain of 3.7%.
+5.11% for our previous short position on MATIC. Now the price operates a long position opening.
DOGE is still in a long mode. Furthermore, it is very likely the price forming a correction for continuation of the uptrend.
FTM operates a long position opening while the price approaches the 50 SMMA line.
The price of VET moves sideways below the two SMMA lines for the moment.
Finally, the price of SOL broke above the 50 SMMA line as the Trading Engine notify as with a long signal.
This concludes our Market Monitor Report for 27 July 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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