All COFO FEED

CoFo Lab Market Watch: The Bullish Frenzy is Fading

Analysis and Forecasts
2023-10-26 19:10:00
190

Short-term growth affected assets. Too early for downward reversals but buying pressure decreased.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 24% of 100%

Timeframe Dominance: 100% of 100%

ETH

Dominant Direction: Short

Dominance Strength: 12% of 100%

Timeframe Dominance: 65% of 100%

LINK

Dominant Direction: Short

Dominance Rate: 25% of 100%

Timeframe Dominance: 100% of 100%

BCH

Dominant Direction: Short

Dominance Strength: 29% of 100%

Timeframe Dominance: 100% of 100%

Local and medium-term short strengthening. Short signals spreading to higher timeframes. Global longs fade with remaining discrepancy accordingly.

Short dominates directionally. Increased timeframe sync.

On BTC, short orientation persists with growing dominance strength. 100% timeframe sync.

On following altcoins, shorts start prevailing.

In summary: Tightening prices despite longists being knocked out, as buyers keep trying to return prices to accumulation.

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