CoFo Lab Market Watch: Impulsive Failure

Analysis and Forecasts
2024-04-10 14:27:39

Slight long signal surge failed to propel bull follow-through.


Analysis of CoFo Scout Readings


Despite bear weakness, buyers unable to regain crypto market uptrend. Price pressured again.


Long signals on local and medium-term horizons waned. Shorts not reinforced. Scout indicators show market mired in global accumulation.


In such situations, must await clearer picture on lower/medium timeframes to determine accumulation resolution direction.


Also worth focusing on major instruments like BTC, ETH — they beacon for whole market. Scout detecting prevalence of weak bearish signals on these.

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