All COFO FEED

CoFo Market Overview: Market Invigoration

Analysis and Forecasts
2023-10-25 18:00:00
186

Prices keep accumulating, pushing toward upper limits.

CoFo Scout

BTC

Dominant direction: Short

Dominance Strength: 19% of 100%

Timeframe Dominance: 84% of 100%

ETH

Dominant direction: Short

Dominance Strength: 0% of 100%

Timeframe Dominance: 50% of 100%

LINK

Dominant direction: Short

Dominance Rate: 33% of 100%

Timeframe Dominance: 100% of 100%

BCH

Dominant direction: Short

Dominance Strength: 23% of 100%

Timeframe Dominance: 87% of 100%

UNI

Dominant direction: Long

Dominance Strength: 5% of 100%

Timeframe Dominance: 58% of 100%

Lower timeframe dominance increased into neutral-bullish zones. Medium-term still shows quite strong shorts. Global decorrelation emerging - shorts strengthening on some assets, longs on others.

Scattered dominant direction values, insignificant dominance. Short BTC dominance persists but weakening, like the broader market.

For buys, greater lower timeframe long dominance and at least neutral medium-term indicators ideal - given persisting global longs.

In summary: Mixed dominance picture, local flats, short-term shorts fading. Longs need local long dominance and medium-term neutral readings, shorts require higher timeframe short boosts.

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

Similar news