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
BTC/USDT 4H
The price of BTC fluctuates sideways with no direction for the moment.
ETH/USDT 5H
Eth is in a short mode and running with 5.64% gain.
BNB/USDT 4H
BNB returned close to the previous support zone. Despite the short position be aware of a possible rebound.
XRP/USDT 4H
Similar to the BNB, the XRP encounters the previous bottom but a price increase is very likely to happen.
ATOM/USDT 4H
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/USDT 4H
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/USDT 4H
DOGE is running a short position with a 3.75% gain for the moment. Nevertheless, you can secure your profits if you wish to.
FTM/USDT 3H
We may see a rebound from the current area for the price of FTM.
VET/USDT 4H
+8.99% for our running short position on VET. However, you can secure your profits if you wish to.
SOL/USDT 4H
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.
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