Gm friends,
300 Premium Investment Reports… Wow!
Big thanks to all of you for for being a part of the journey. I couldn’t have done it without you.
But I’ll stop talking now so we can jump into today’s report!
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 on Whales Market OTC DEX: Trade airdrop allocations, points, and tokens.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
Mode is a new layer two on Ethereum and received a big grant from Arbitrum.
- Step 1: Sign Up
- Step 2: Bridge some ETH
- Step 3: Use dapps on Mode (you will find them on the Mode website)
*note using new networks can be risky, please understand the
In today’s edition of the Newsletter, the following cryptocurrencies will be analysed & discussed:
- VeChain (VET)
- UniSwap (UNI)
- Theta Token (THETA)
- Coti (COTI)
- Chiliz (CHZ)
- Ethereum (ETH)
VeChain — VET/USDT
We’ve been covering VeChain for several weeks now.
So let’s sum up the key technical moments that took place up to today.
Firstly, the slight deviation below the black Range Low into the buy area:
Then price-strength confirmation and stability at the Range Low:
Followed by a breakout from the macro range, finally:
Before talking about a pullback so as to successfully retest the Range High resistance as new support to confirm a breakout to the orange resistance above:
Here’s today’s update:
VET indeed dipped with the intent to retest the Range High, however there was no picture-perfect retest, narrowly, very narrowly missing out on that picture-perfect contact.
Nonetheless, technically that is the retest satisfied and it preceded further upside to revisit the orange resistance as per the outlined green path.
In retesting this Range High, VET not only confirmed further upside towards the next immediate resistance area (orange box) but positioned itself for a very positive Monthly Close as well:
Of course, the bullish scenario would be for VET to Monthly Close inside the orange area of resistance; that would be the easy option.
For the time being however, let’s assume it won’t do that and VET will instead Monthly Close below the orange resistance.
In this case, VET may very well have confirmed a new macro range; this time however, this Range Low of this range would be the old Range High from the previous range (light blue area).
In essence, VET would’ve broken out from one macro range to enter another.
In this case, there would technically be scope for downside into the Range Low area as part of normal, range-bound consolidation.
In the event that VET doesn’t pullback into the old Range Low but happens to reclaim the orange resistance as support, then VET would skip this consolidation and ascend higher.
The way I see it is if VET offers another pullback into the light blue area, it would be part of setting up the next uptrend, in the same way that it did before this recent breakout.
UniSwap — UNI/USDT
UniSwap is an Altcoin we’ve been covering for several weeks and we’ve often compared it to THETA which has shared an technical identical…
