Market Monitor 29 June 2023. Welcome everyone to today’s Market Monitor 29 June 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 1.16T USD, the daily volume is at 31B USD, BTC Dominance is at 50.4% and the Fear and Greed Index is at 54%.
The majority of the coins in our watch list are in short mode with Matic and FTM being the most profitable according to the Trading Engine. Moreover, another one successful trade for FTM with a profit of +11.4%.
Long Set-Ups: SOL, DOGE
Short Set-Ups: BTC, ETH, FTM, VET, BNB, ATOM, MATIC, DOGE, XRP
BTC/USDT 4H
We have a conflict between bullish and bearish signals for Bitcoin.
ETH/USDT 5H
Ethereum is still in a short mode with a +1.99 running position.
BNB/USDT 4H
+3.57 for our opened short position on BNB.
XRP/USDT 4H
Sellers are pushing the price close to previous support areas. We have a running short position with a gain of 1.73%.
ATOM/USDT 4H
Sellers push the price below the 50 SMMA line. This could cause further decrease and greater gains for our running short position.
MATIC/USDT 4H
+4.45 for our running short position.
DOGE/USDT 4H
Doge is still bullish according to the Trading Engine. However, a trend change is very likely to happen.
FTM/USDT 3H
+11.4% for our successful long trade on FTM. Now we are bearish with a +3.12 running position.
VET/USDT 4H
We may avoid the market of VET as the choppy channel cause conflict between bullish and bearish signals.
SOL/USDT 4H
SOL is still bullish according to the Trading Engine.
This concludes our Market Monitor Report for 29 June 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
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