GM friends,
I hope all of you had an amazing 2023 and have positioned yourself well for what’s to come in 2024.
Last week I talked about the importance of airdrops and how they can really help take smaller portfolios to extraordinary levels. To help you with this, we’ll keep showing you all the best airdrop opportunities out there.
So, this week we have more ways to qualify for what could potentially be one of the bigger airdrops in 2024.
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 ????
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
In today’s edition of the Newsletter, the following cryptocurrencies will be analysed & discussed:
- SushiSwap (SUSHI)
- UniSwap (UNI)
- VeChain (VET)
- Polygon (MATIC)
- Band Protocol (BAND)
Let’s dive in.
SushiSwap — SUSHI/USDT
In early December, we spoke about SUSHI’s then +57% rally to the Range High resistance while still appreciating that price was still located inside a macro range (green-red).
As a result, in the event of a failed breakout from the range, a drop into the Range Low was always going to be a possibility.
Here is the chart from early December:
And here is today’s update:
SUSHI dropped into the green Range Low and bounced +22% already.
Generally, if SUSHI is going to develop a Right Shoulder to its overall inverse Head & Shoulders, there’s still a possibility that the Range Low could still be revisited once again.
After all — the Left Shoulder rallied from Range Low to Range High back to Range Low multiple times.
I wouldn’t count on the Right Shoulder developing over an equally long period with equal amounts of repeatable rallies across the entire range like the Left Shoulder, but there’s certainly scope for at least a couple of those moves.
UniSwap — UNI/USDT
As a preface to today’s analysis, here’s last week’s analysis on UNI:
And here it today’s update:
In the end, UNI retested the top of the blue channel even though it Monthly Closed above the black level.
But the macro picture is promising because UNI has completely confirmed its breakout from the blue market structure.
In other words, UNI has fully confirmed its new macro uptrend.
It has done this via a Monthly Close above the blue Channel Top and a successful retest of the Channel Top as new support.
If December was the breakout month for UNI, January will be the retesting month for UNI as a result.
That’s the major technical event for UNI but let’s focus on another one as well.
UNI is also holding the black $6.53 level which acted as a point of rejection in mid-2023 and early 2023 as well.
Holding here as support would notably change the market psychology at this level.
Long-term, the macro uptrend has been confirmed.
Short-term, this retesting phase could continue but as long as price remains above the Channel Top, the short-term volatility will act as noise.
VeChain — VET/USDT
In mid-December, we discussed VET:
And here’s today’s update:
From last week, we know that VET has rallied +43% to the Range High resistance.
And with the new Monthly Close being in, price has…
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.
