CoFo Lab Market Overview: Volatility Numb
Accumulation in yesterday's news candle tail. Some short-term short signals present.
What clues does the Collective Forecast toolkit provide?
CoFo Scout
Let's check the Collective Forecast survey:
Key Metrics
BTC
Dominant direction: Long
Dominance Rate: 3% of 100%
Dominance on timeframes: 54% of 100%
ETH
Dominant direction: Short
Dominance Rate: 3% of 100%
Dominance on timeframes: 54% of 100%
HFT
Dominant direction: Long
Dominance Rate: 34% of 100%
Dominance on timeframes: 100% of 100%
NEAR
Dominant direction: Short
Dominance Rate: 24% of 100%
Dominance on timeframes: 86% of 100%
Assets and Charts
Fleeting panic, but time needed to decide further moves and exit volatility. Sideways actions possible.
Leveled timeframe picture now. Some new medium-term short signals emerged but insignificant.
BTC slowly grew but held back by fake news buyers now closing.
Sellers broke some altcoin ascending structures.
Notable Situations
AAVE began expected decline, but dissolved indicators may limit seller success.
Watch HFT and NEAR with highest CoFo Scout dominances and timeline syncs.
In summary: Mixed dominance, timeframes, and insignificant signals. Market froze seeking direction. Sideways likely.
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