All COFO FEED

CoFo Lab Market Watch: Correction Hints?

Analysis and Forecasts
2023-11-06 18:57:45
221

Buyer altcoin dominance. BTC range-bound accumulation. Fading medium-term shorts.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 16% of 100%

Timeframe Dominance: 79% of 100%

ETH

Dominant Direction: Short

Dominance Strength: 10% of 100%

Timeframe Dominance: 67% of 100%

HFT

Dominant Direction: Long

Dominance Strength: 16% of 100%

Timeframe Dominance: 88% of 100%

VET

Dominant Direction: Short

Dominance Rate: 27% of 100%

Timeframe Dominance: 88% of 100%

Local short dominance. Prevailing but weakening medium-term short-term signals. Global longs.

Short direction dominates weakly. Increasing strength but insignificant indicators and poor sync. Shorts require greater signal strength. Cooling long global frames needed.

Slightly increased BTC short dominance but still unsynced. Weakening medium-term shorts.

Upward-trending altcoins. Local and medium-term short prevalence. Fading medium-term shorts. Any corrections likely medium-term.

In summary:

BTC range-bound accumulation. Steady altcoin uptrend with long support.

Local long dominance insufficient for long entries. For shorts, global long cooling needed first as contributions remain strong.

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