All COFO FEED

CoFo Lab Market Watch: Accumulation Again

Analysis and Forecasts
2023-11-03 12:30:48
209

Intensifying confrontation. Sellers returned prices to accumulation but couldn't push lower. Uncertainty persists.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 8% of 100%

Timeframe Dominance: 62% of 100%

ETH

Dominant Direction: Short

Dominance Strength: 2% of 100%

Timeframe Dominance: 52% of 100%

LUNC

Dominant Direction: Long

Dominance Strength: 18% of 100%

Timeframe Dominance: 85% of 100%

TRX

Dominant Direction: Short

Dominance Rate: 20% of 100%

Timeframe Dominance: 89% of 100%

Locally long-dominated, but medium-term shorts strengthened. Global longs intact with minor uncorrelated changes.

No dominant direction. Half long assets, half short. Negligible strength rendering neutrality.

Decreasing BTC short dominance. Back in accumulation. Local ascending channel accumulation. Long lower timeframes, short medium-term. Global longs persist despite insignificant short directional dominance.

Similar altcoin picture - local longs, strengthening medium-term shorts. But minor global long changes across assets.

In summary: Returned to consolidation. No directional dominance. Local longs and previously unloaded medium-term shorts strengthened. Further medium-term short strengthening may prompt corrections. Awaiting clearer CoFo Scout picture to decide positions.

 

Only login in users can review, please log in or signup

Similar news