CoFo Lab Market Watch: Into the Range Again
Ineffective market moves — prices returned to starting points. Little CoFo Scout indicator change.
CoFo Scout
BTC
Dominant Direction: Short
Dominance Strength: 2% of 100%
Timeframe Dominance: 52% of 100%
ETH
Dominant direction: Short
Dominance Strength: 2% of 100%
Timeframe Dominance: 52% of 100%
LINK
Dominant direction: Long
Dominance Strength: 15% of 100%
Timeframe Dominance: 83% of 100%
TRX
Dominant direction: Short
Dominance Rate: 16% of 100%
Timeframe Dominance: 71% of 100%
Locally and medium-term, mixed signal strengthening - long upticks on some assets, shorts on others. Overall still locally long, medium-term shorts, global longs.
No dominant direction. Even long/short asset splits. Declining dominance strength indicates uncertainty, contradicting range-bound charts.
On BTC, fading short dominance nearing zero. Accumulating again. Strengthening local longs attempting reversal. Short-term shorts persist. Minimal global indicators.
Similar altcoin picture - some local long strengthening, some shorts. Global longs remain. Minor indicator changes.
In summary: Flat week close. No growth stimulus. Local bullishness. Weekend departures possible. No CoFo Scout trading justification currently.
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