Gm friends,
The crypto markets have been a little uneventful this week but that doesn’t mean you can’t still have some fun. And what’s more fun than free crypto? Not a whole lot!
So, here’s another Premium Investor Report full of Airdrop gold.
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 Sei airdrop tutorial involving liquid staking with Silo.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
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Let’s dive into today’s Altcoin Watchlist.
In today’s edition of the Newsletter, the following cryptocurrencies will be analysed & discussed:
- Polkadot (DOT)
- UniSwap (UNI)
- Chiliz (CHZ)
- VeChain (VET)
- SushiSwap (SUSHI)
Let’s dive in.
Polkadot — DOT/USDT
On Twitter (X), we spoke about how DOT would be going for a pullback into the green region in an effort to reclaim green as new support:
DOT was already following the path in last week’s edition of the Altcoin Watchlist, having already bounce +11% from the green region of support:
But here’s today’s analysis which showcases that DOT followed the blue path in its entirety:
DOT rallied +32% to the black resistance and followed the blue path to completion.
That being said, given how DOT is positioned on the Monthly timeframe, not only could this blue path could still technically repeat but price could move even higher than the blue path.
Especially since the blue path has already occurred to potentially grab sell-side liquidity at the black resistance and as a result potentially weaken that area as a resistance.
After all, on the Monthly DOT is trying to reclaim the green region as support; green acted as resistance on two previous occasions (early 2023 and pre-2021) and now is looking to finally act as support.
Even though the blue path already occurred for a +32% move, there’s still scope for this blue path to not only repeat but for price to have a real chance of breaking beyond the black resistance on a second time of asking.
Retest is still in progress.
UniSwap — UNI/USDT
As a preface to today’s analysis, here’s the analysis on UNI from two weeks back:
And here is last week’s analysis, showcasing the retest being in progress:
And here is today’s analysis:
UNI has performed a picture-perfect retest of the macro market structure, rallying already +16% to the upside.
Retest has been successful and now UNI needs to try to reclaim either of the black levels as support at these levels over the coming weeks.
Chiliz — CHZ/USDT
While we wait on MATIC and THETA to perform their macro retests which we covered last week, let’s talk about another promising Altcoin that is on the cusp of a macro breakout.
CHZ is currently in the process of breaking out from its overall macro market structure, pressing beyond its Macro Downtrend in an effort to breakout into a new macro uptrend.
Of course, a Monthly Close beyond this point is important.
Historically, upside…
