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
+14.55% for our last long position. We are still bullish on Bitcoin.
Ethereum continues to be in a short mode.
BNB is still in short mode with a +1.37 open trade.
May is the time for XRP to reach higher prices. Despite the selling pressure XRP is holding its ground.
We observe sell pressure for ATOM.
The decrease in the price of Matic continues in a corrective way.
+4.12 for our running short position on Doge. Furthermore, we may see a decrease close to the previous strong trading area.
+13.68 for our running long position on FTM. You can secure your profits if you wish to.
Sideways market for VET with a conflict between bullish and bearish signals.
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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