All COFO FEED

CoFo Lab Market Watch: Everywhere Momentum

Analysis and Forecasts
2023-11-07 14:31:20
223

Buyer dominance. Steady uptrend. Increased volatility with mixed signals.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 9% of 100%

Timeframe Dominance: 69% of 100%

ETH

Dominant Direction: Short

Dominance Strength: 13% of 100%

Timeframe Dominance: 77% of 100%

HFT

Dominant Direction: Long

Dominance Strength: 11% of 100%

Timeframe Dominance: 68% of 100%

AAVE

Dominant Direction: Short

Dominance Strength: 22% of 100%

Timeframe Dominance: 82% of 100%

Lower timeframe multidirectional readings. Strong shorts. Medium-term CoFo Scout leaning short but inconsistent changes — fading some places, strengthening others. Global longs intact.

Quantitatively short timeframes dominate but with insignificant strength. Minimal sync.

Decreasing BTC bearish dominance. Weak local longs emerged. Insignificant medium-term shorts shifted to comparably weak shorts. Overall disparagingly weak. Accumulating asset.

Uptrending altcoins. Medium-term short dominance. Fragmented locally. Assets paused, ranging within trend. Many medium-term overbought.

In summary:

BTC accumulating. Steady altcoin uptrend with global long support.

Local longs emerged but remain insignificant.

Long entries require local long dominance. Only expect reversals with higher timeframe shorts.

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

Similar news