Hi cryptotraders!
On Monday 07/17/2023 there were 1 BUY SIGNAL and 11 SELL SIGNALS, check our daily crypto analysis chart. Such a signals proportion (1:11) is clear to everyone and indicates for sure that crypto sellers are starting to increase cryptocurrency sales to break some important support levels. In such trading conditions, you can sell crypto in small volumes and purchases are not recommended.
On daily timeframe:
1. Sell signals benchmark for the last six days is 5,5 and today there are 11. So, it means that the power of sellers is increasing!
2. Buy signals benchmark for the last six days is 1 and today it is 0. So, it means that the power of buyers is under the Buy signals benchmark and there is no buyers on the market right now!
