CoFo Lab Market Watch: Buyers Strike Back

General News
2024-03-20 19:43:26

Seller pressure continues. Bulls are trying to hold the uptrend.


Analysis of CoFo Scout Readings


Bears are driving the market, but the bleed is slowing down. CoFo Scout registers early signs of the bull trend.


Short signals prevail on globals. Still, longs are migrating to higher timeframes, having seized H12 on some cryptos.


The overall sentiment is bearish, with short signals having established dominance in the market, but quantitatively longs are now leading.


Bull attempts at holding the trend has hardly led to their dominance.


Long-term entries would make sense if mid-term signals asserted dominance.


Bears will continue to excerpt pressure on the market if short signals become predominant on locals.

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