GM friends,
In case you haven’t been listening, airdrops are huge right now.
And here at Wealth Mastery, we’re doing everything we can to keep you in the loop so you clean up when tokens are rewarded.
So, as per usual, here’s another Premium issue packed full of airdrop alpha!
Let’s go!
Here’s what’s in today’s issue:
- Rekt Capital has the latest technical analysis for you on the market.
- Defi Dad has a tutorial for you on how to airdrop fram with EigenLayer.
- 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)
- Polygon (MATIC)
- Coti (COTI)
- Band Protocol (BAND)
- UniSwap (UNI)
- VeChain (VET)
Let’s dive in.
Woo Network — WOO/USDT
Earlier this December in the Altcoin Watchlist, we discussed a crucial retest for WOO:
The following week, we spoke about how it was successful to enable a +29% rally but also how another retest was on the horizon (green path):
And before Christmas we talked about WOO’s phenomenal +118% breakout from its macro pattern and how it was positioning itself for a potential retest:
And here’s today’s update:
WOO performed a Weekly Candle Close above the black $0.42 level of resistance, which is already a notable technical step to take towards positioning price for further continuation.
In performing this Weekly Close, WOO has positioned itself for a retest of the black level and in fact this retest is now underway.
WOO is retesting this level as new support as we speak, offering a +11% rebound from black earlier this week.
If history is any indication (yellow circle from 2022), WOO could perform a volatile retest at these levels.
After all, in 2022 WOO experienced a long downside wick during its retest back then before rebounding strongly to the upside.
Of course, that was then and this is now — right now, WOO has enjoyed an over +100% rally to the upside, with very little pullbacks in between.
WOO may very well be setting itself up for a retest but it’s very important to also have measures put in place to protect the gains that we have achieved over the past few weeks that we have been following WOO together.
Because losing the black $0.42 as support would see WOO drop into the green-arrowed range that price had almost completely skipped past on its way up but nonetheless serves as a Volume Gap that never really saw much price action get entertained here.
Losing black as support could reasonably open WOO up to a period of re-accumulation inside the green-arrowed range.
However, WOO is still holding the black $0.42 as support, the retest is in progress, and as long as price stability here is showcased (and it is thus far) then WOO’s positioning is titling more so to the upside than downside from here.
Polygon — MATIC/USDT
A few weeks ago, we spoke about how MATIC needed to retest the top of its macro pattern as new support to rally higher:
And here’s this week’s analysis:
MATIC has rallied +44% to the upside following its successful retesting of the top of its macro market structure.
MATIC has confirmed a breakout from its main…
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.
