Market Monitor 25 July 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 1.17T USD, the daily volume is at 33.71B USD, BTC Dominance is at 48.5% and the Fear and Greed Index is at 52%.
Doge is the top gainer over the last 24 hours and moving higher against the other coins on our watch list. Moreover, Eth, Atom and Matic operating profitable running positions.
Long Set-Ups: BNB, SOL, DOGE
Short Set-Ups: BTC, ETH, XRP, ATOM, MATIC, VET, FTM
BTC/USDT 4H
Finally, the price of BTC left the previous flat formation while encountering the 200 SMMA line with a short position opening.
ETH/USDT 5H
The price of ETH keeps dragging lower below the 200 SMMA line with a running short position of 3.39% gains.
BNB/USDT 4H
BNB fluctuates in a specific price range with a long position opening.
XRP/USDT 4H
XRP is still in a short mode while encountering the 50 SMMA line.
ATOM/USDT 4H
ATOM fluctuates below the two SMMA lines while operating a short position opening with a 4.18% gain.
MATIC/USDT 4H
MATIC operates a short position opening with current gains of 5.44%.
DOGE/USDT 4H
DOGE is today’s market gainer. Additionally, the price is running a long position opening.
FTM/USDT 3H
FTM continues to drag lower while approaching the bottom of the VPVR.
VET/USDT 4H
Finally, VET changed its trading range by dropping below the two SMMA lines with a short position opening.
SOL/USDT 4H
Despite the long position opening SOL keeps dragging below the 50 SMMA line.
This concludes our Market Monitor Report for 25 July 2023.
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