Market Monitor 27 June 2023 - TFLOW

TFLOW

Market Monitor 27 June 2023

Market Monitor 27 June 2023. Welcome everyone to today’s Market Monitor. 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 1.179T USD, the daily volume is at 36B USD, BTC Dominance is at 50% and the Fear and Greed Index is at 59%.

Bitcoin and Fantom are stronger than the other coins on our watch list while we may have a potential rebound for a few of them. We already profit in some of our opening positions and waiting for updates in order to decide on which coins shall we focus on.

Long Set-Ups: BTC, XRP, FTM, VET, SOL

Short Set-Ups: ETH, BNB, ATOM, MATIC, DOGE

BTC/USDT 4H

+14.55% for our last long position. We are still bullish on Bitcoin.

ETH/USDT 5H

Ethereum continues to be in a short mode.

BNB/USDT 4H

BNB is still in short mode with a +1.37 open trade.

XRP/USDT 4H

May is the time for XRP to reach higher prices. Despite the selling pressure XRP is holding its ground.

ATOM/USDT 4H

We observe sell pressure for ATOM.

MATIC/USDT 4H

The decrease in the price of Matic continues in a corrective way.

DOGE/USDT 4H

+4.12 for our running short position on Doge. Furthermore, we may see a decrease close to the previous strong trading area.

FTM/USDT 3H

+13.68 for our running long position on FTM. You can secure your profits if you wish to.

VET/USDT 4H

Sideways market for VET with a conflict between bullish and bearish signals.

SOL/USDT 4H

Likely SOL prepares a retest after the long signal.

This concludes our Market Monitor Report for 22 June 2023.

Discover more about the TFLOW Trading Engine here.

Find TFLOW on CoinMarketCap here.

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