GM friends,
The markets have slowed down for the time being but that doesn’t mean you can’t still make money.
As usual our Wednesday Premium Newsletter is full of airdrop potential so you can get your hands on some free 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 tutorial on Drift, another potential big Solana airdrop.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
Let’s dive into today’s Altcoin Watchlist.
In today’s edition of the Newsletter, the following cryptocurrencies will be analysed & discussed:
- Woo Network (WOO)
- Coti (COTI)
- UniSwap (UNI)
- Polygon (MATIC)
- Band Protocol (BAND)
- VeChain (VET)
Let’s dive in.
Woo Network — WOO/USDT
Last week in the Altcoin Watchlist, we discussed a crucial retest for WOO:
And here’s today’s update:
WOO has rallied +29% to the upside after successfully retesting in picture-perfect manner the orange level as support, following the red path well.
What’s next for WOO?
WOO has had a hard time at reclaiming the red $0.26 level in recent months (yellow circles).
So for WOO to rally higher now, it would need to retest the red level as support as well, to enable a move to the green resistance above.
WOO is on the cusp of yet another crucial retest but this time enjoying the luxury of being up +29% since last week’s Altcoin Watchlist.
Coti — COTI/USDT
We’ve been covering COTI for a few weeks now, starting with the crucial Monthly Close in November:
Followed by last week’s analysis indicating a post-Monthly-Close retest attempt of the top of the green box:
And finally today’s update:
COTI has rallied over +20% since successfully retesting the top of the green historical demand area and is now on its way to the very top of the red Channel it finds itself in currently.
The red Macro Diagonal above is the key resistance to break for COTI to enter a much more sizeable run-up.
However, for the time being the red Macro Diagonal needs to first be revisited.
That being said — COTI is on the right track.
UniSwap — UNI/USDT
SushiSwap has been a coin we’ve been covering for weeks and it has rallied over +50% since first covered.
An Altcoin from a similar sector that hasn’t yet broken out from its major market structure however is UniSwap.
UNI is currently in the process of retesting the top of the pattern as support.
As long as it holds the Channel Top as support, it will be able to confirm trend continuation into what would effectively be a new Macro Uptrend.
Crucial retest is now in progress.
Polygon — MATIC/USDT
Polygon is also another Altcoin we’ve been covering for weeks given how it has positioned itself for a breakout from a macro market structure.
Last week, MATIC was in the process of a retest of the top of said pattern:
And this week MATIC has already enjoyed some continuation following the retest:
Generally, it appears MATIC is lagging behind Polkadot and may try to catch up to DOT with time.
Band Protocol — BAND/USD
Band Protocol makes the list because on how it has broken out from an Ascending Triangle after holding the green…
