Todos COFO FEED

CoFo Lab Market Watch: Into the Range Again

Analysis and Forecasts
2023-11-06 11:37:54
211

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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