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CoFo Lab Market Watch: Holding the Line

Analysis and Forecasts
2023-10-30 17:53:56
196

Growing buying pressure succeeding on some assets, but most cryptos remain locked at accumulation tops.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 19% of 100%

Timeframe Dominance: 82% of 100%

ETH

Dominant Direction: Short

Dominance Strength: 14% of 100%

Timeframe Dominance: 72% of 100%

AAVE

Dominant Direction: Short

Dominance Strength: 39% of 100%

Timeframe Dominance: 100% of 100%

C98

Dominant Direction: Short

Dominance Rate: 31% of 100%

Timeframe Dominance: 100% of 100%

Local fragmentation, slight short prevalence. Weakening medium-term short dominance. Global discrepancy persists, shorts keep moving higher.

Short direction dominates. Growing dominance strength but insufficient timeframe sync.

On BTC, bearish signals. Declining dominance strength without full sync.

Similar altcoin picture — bearish tendencies lacking dominance and sync, except on some assets.

Watching AAVE exceeding 35% minimum dominance interest barrier. CoFo Scout shows 39% short dominance and 100% timeframe sync.

In summary: Attempts to realize accumulated potential underway. Short dominance growing. AAVE most attractive per CoFo Scout.

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