Market Monitor 7 July 2023. Welcome everyone to today’s Market Monitor 7 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 46.06B USD, BTC Dominance is at 49.9% and the Fear and Greed Index is at 59%.
We are closing another volatile week with ETH, DOGE and VET being the top gainers of our today’s report. You can secure your current open positions and enjoy your weekend stress-free.
Long Set-Ups: BTC, FTM, SOL
Short Set-Ups: ETH, BNB, MATIC, DOGE, XRP, VET, ATOM
The price of BTC fluctuates sideways with no direction for the moment.
Eth is in a short mode and running with 5.64% gain.
BNB returned close to the previous support zone. Despite the short position be aware of a possible rebound.
Similar to the BNB, the XRP encounters the previous bottom but a price increase is very likely to happen.
ATOM has a short position opening and we observe the 50 SMMA area for price reaction as a retest back to it could cause further decrease.
MATIC is running with 2.47% gain for our short position and we observe the current area that meets the VPVR and the 50 SMMA line.
DOGE is running a short position with a 3.75% gain for the moment. Nevertheless, you can secure your profits if you wish to.
We may see a rebound from the current area for the price of FTM.
+8.99% for our running short position on VET. However, you can secure your profits if you wish to.
SOL is still running a long position with a 2.42% gain while the price approaches previous support zones.
This concludes our Market Monitor Report for 7 July 2023.
Discover more about the TFLOW Trading Engine here.
Find TFLOW on CoinMarketCap here.
On this page you’ll find some important points you should be aware of while using the information received by our activities. It should be read in addition to our Terms & Conditions.
Your investments are your responsibility
We do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading/watching any of our publications/broadcasts. You acknowledge that you use the information we provide at your own risk.
Information, not advice or recommendations
Our publications/broadcasts do not offer investment advice and nothing in them should be construed as investment advice. Our publications/broadcasts provide information and education for investors who can make their investment decisions without advice.
The information in our publications/broadcasts is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any securities. Our publications/broadcasts are not, and should not be seen as, a recommendation to use any particular investment strategy.