Premium Investor Report #298

Written By
Lark Davis
First Published
February 21, 2024
Last Updated
September 5, 2024
Estimated Reading Time
13 minutes
298
In this article...

Gm friends! 

🚨 Before diving into today’s issue, I’m excited to share some important news regarding Wealth Mastery Premium! 

The price is rising but not for YOU! 🤩

The monthly fee for NEW members will increase to $49 starting next week. This change reflects the added value and expanded features we’ve introduced. 

However, we want you to know that as a token of our appreciation for your ongoing support, your current membership price will remain unchanged.🚀

You’re locked in at your existing rate, ensuring your access to our premium content at the best value.

It’s worth noting that should you decide to cancel and later wish to re-join Wealth Mastery Premium, the membership will be at the new rate. 

By keeping your membership active, you’ll lock in your current rate, despite all the new upgrades and extras we’re bringing to our service.

We are committed to providing you with the most insightful and actionable crypto analysis, and we want to make sure our loyal members always receive the best value 🤩

Thank you for being an essential part of our community. Your trust and support motivate us to keep pushing the boundaries of what Wealth Mastery can offer ❤️

Here’s to continuing our journey together in the dynamic world of crypto!

Here’s what’s in today’s issue:

  • Rekt Capital has the latest technical analysis for you on the market. 
  • Defi Dad has an airdrop strategy for Ethena: DeFi’s next big stablecoin with double-digit yield.
  • Jesse has a ton of hot new airdrops for you.

For any crypto related questions please comment on the website. 


Premium Investor Report #298 - - 2024

In today’s edition of the Rekt Capital Newsletter, the following cryptocurrencies will be analysed & discussed:

  • VeChain (VET)
  • Ethereum (ETH)
  • Tron (TRX)
  • UniSwap (UNI)
  • Theta Token (THETA)
  • Coti (COTI)
  • Chiliz (CHZ)

VeChain — VET/USDT

Over the past few weeks, we’ve been discussing VeChain’s price action in a lot of detail.

In fact, VET has become a frequent feature here in the Rekt Capital Newsletter and with good reason as we’ll soon find out.

Because in late January, VET revisited the Range Low of its current range (black-blue):

Premium Investor Report #298 - - 2024

The green area was in general the support region that VET was trying to reaffirm stability at; the goal was to retest the Range Low as support.

VET managed to do just that by mid-February:

Premium Investor Report #298 - - 2024

But it has been over the past week or so that VET has produced the most gains as a result of its successful retest of the Range Low as new support:

Premium Investor Report #298 - - 2024

Because VET has rallied +105% to the upside since the retest, breaking out from the range and even revisiting the orange resistance area above.

Despite cancelling out some of the gains since the rejection at the orange resistance, still VET is up +70% since the Range Low retest.

And since VET has broken out from the macro range, it is possible price is pulling back for a post-breakout retest of the Range High into new support.

Price could indeed follow the green path, but technically VET could produce a volatile retest into the light blue area:

Premium Investor Report #298 - - 2024

After all, this general light blue area figured as support in earlier 2021 (green circle), resistance in late 2023 (red circle), and possibly new support in 2024 (green circle):

Premium Investor Report #298 - - 2024

So while the Range High is awaiting a retest, any downside…

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By Lark Davis