Strong rejection from resistance. Weak attempts to break out.

What clues does the Collective Forecast toolkit provide?

CoFo Scout

Let's check the Collective Forecast survey:

Key Metrics

BTC

Dominant Direction: Short

Dominance Coefficient: 7% of 100%

Timeframe Dominance: 69% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 8% of 100%

Timeframe Dominance: 65% of 100%

KAVA

Dominant Direction: Long

Dominance Coefficient: 24% of 100%

Timeframe Dominance: 100% of 100%

XLM

Dominant Direction: Long

Dominance Coefficient: 25% of 100%

Timeframe Dominance: 100% of 100%

Long dominates, but weakly. BTC an outlier with feeble shorts. Short-term longs brew, shifting the tone.

Too soon for long bets. But fast long setups may emerge on XLM and KAVA. Oversold, with longs across timeframes, yet lacking drivers.

Indicators

Examining Collective Forecast across timeframes:

BTC

Higher timeframes show bull run, with minor downward ticks. Sellers lead volumes.

Medium-term charts display an uptrend test. No joy yet, but time remains. Downwave likely.

Short-term shows sellers rejecting the trendline. Bearish.

ALTS

Global selling, fresh lows, downward signals.

Medium-term bearish patterns. Heavily oversold without reversals.

Failed uptrend retests short-term. Selling pressure. Oversold accumulation.

As of October 10 evening the market tilts neutral. Short-term oversold with uncertain long hints. Medium and higher timeframes bearish. Few clear trades.