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CoFo Lab Market Overview: Rebound or Reversal?

Analysis and Forecasts
2023-10-10 11:55:11
146

Local breakdowns across many assets.

What clues does the Collective Forecast toolkit provide?

Survey Tool

Let's examine the latest data from our Collective Forecast survey tool:

Key Metrics

BTC

Dominant Direction: Short

Dominance Coefficient: 1% of 100%

Timeframe Dominance: 52% of 100%

ETH

Dominant Direction: Long

Dominance Coefficient: 9% of 100%

Timeframe Dominance: 68% of 100%

DOT

Dominant Direction: Long

Dominance Coefficient: 23% of 100%

Timeframe Dominance: 87% of 100%

NEAR

Dominant Direction: Long

Dominance Coefficient: 18% of 100%

Timeframe Dominance: 84% of 100%

Scoutlist neutral. Glimpses of long setups forming. Local longs, global shorts. Mixed timeframes lacking full sync.

No interesting long positions currently. Dominance thresholds untouched.

Indicators

Examining Collective Forecast across timeframes:

BTC

The global downward momentum has stalled. No interesting signals.

There is an upward trend on the medium-term chart. Downside signals remain.

Locally active long phase after oversold accumulation. The asset is approaching trend resistance. There may be a strong reaction from the seller.

ALTS

On higher timeframes, the seller dominates. New lows, downward signals, falling bullish volumes.

Medium-term downward trend. There are signals for reversal and oversold conditions.

Local reversal signals. Movement towards trend resistance.

As of October 10 morning, neutral indicators. Early long signs but no standouts yet. Local and medium-term reversal signals on alts, but sellers dominate globally. Local bearish trend test approaches.

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