GM friends,
I know that you Premium Members love a good airdrop so today’s issue will be one you don’t want to miss!
Not only does DeFi Dad’s tutorial come with the potential for an airdrop but Jesse has a special edition of his Airdrop Report today.
He’s going to walk you through the Solana ecosystem, helping you position yourself for some great potential upcoming airdrops on some of the latest Solana projects.
But that’s not all! Rekt also has TA on 8 different altcoins.
Let’s not waste anymore time.
Enjoy!
PS: For any crypto related questions please comment on the website.
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Let’s dive into today’s Altcoin Watchlist.
Today, the following cryptocurrencies will be analyzed & discussed:
- Ocean Protocol (OCEAN)
- Theta Token (THETA)
- VeChain (VET)
- Woo Network (WOO)
- Avalanche (AVAX)
- SushiSwap (SUSHI)
- Virtua (TVK)
- BinanceCoin (BNB)
Let’s dive in.
Ocean Protocol — OCEAN/USDT
OCEAN has been an Altcoin we’ve been covering for weeks now.
It started with downside wicking below the Channel:
And then OCEAN rallied +78% since then:
And here’s today’s analysis:
OCEAN is right at the red resistance area.
Of course, Monthly Close above it would set OCEAN up for further upside into the black $0.63 level above.
However, in the event of a Monthly Close below here, there would be reason to expect lower prices, even if a dip into the green region and/or the re-affirming of the Macro Retest of the diagonal trendline resistance (purple).
And if the retest of purple is particularly volatile, downside wicking into the $0.32 could also occur.
Nonetheless, Monthly Close above the green region would be bullish as it would set OCEAN up for a confirmed breakout, especially if a retest of the diagonal occurs in December.
Theta Token — THETA/USDT
THETA is currently in the process of Weekly retest of the top of this macro market structure.
Monthly Close is just around the corner as well so a Monthly Close above the Channel Top would position price for a breakout.
However, it’s worth considering downside options in the event that THETA fails to breakout.
Essentially, if the Channel Top continues to act as resistance, then THETA could drop into the green region below and even as low as the Channel Bottom; this sort of downside movement within the pattern would be intra-pattern consolidation.
VeChain — VET/USDT
Has VET revisited the Channel Top?
The Channel Top was a provisional trendline which looks to be approximately accurate, given how price upside wicked quite close towards it.
Downside targets for me are the orange region and the Channel Bottom, should VET reject from here and drop lower in the pattern.
Woo Network — WOO/USDT
WOO upside wicked quite considerably after…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
