GM friends,
It’s weeks like these that make investing in crypto so hard.
During these big pullbacks, it’s important to stay strong and stick to the plan. We can’t let emotions win when we see prices dip like this… And we will see more dips before the end of the year.
So strap in, pour a drink and enjoy the ride. We ain’t done yet.
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 ZeroLend multi-airdrop strategy for EigenLayer, zkSync, Blast, and Linea.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
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In today’s edition of the Wealth Mastery Newsletter, the following cryptocurrencies will be analysed & discussed:
- UniSwap (UNI)
- Theta Token (THETA)
- Coti (COTI)
- Chiliz (CHZ)
- Crypto Com (CRO)
UniSwap — UNI/USDT
Last week, we spoke about how UNI was positioning itself for a retest of the orange region that it had broke in previous weeks:
Here’s today’s update:
UNI is now in the process of a retest of this old orange area of resistance into a new source of support.
In early 2022, the green circle showcases how this region figured as a point of rejection whereas this current green circle is to demonstrate how this same price area can flip into a base from which UNI could be able to springboard from in the future.
The Monthly timeframe highlights how this current retest could become a more volatile one:
In early 2022, a retest was in progress back then as well but it failed; nonetheless, that support area showed that price could downside wick quite considerably during the retest.
If UNI is going to perform a volatile retest this time around as well, the black $8.36 would be a region to tag, with scope for even wicking below that, right into the black-black range of $7.21-$8.36.
If the Bitcoin Pre-Halving Retrace continues, then this is a scenario worth keeping in mind.
Theta Token — THETA/USDT
Last week, we spoke about how THETA could dip into the orange box for a retest, akin to early 2022 (green circle):
A dip did occur, however THETA lost this orange area as support and pulled back more:
As a result, THETA is in no man’s land, within the orange-orange macro range.
Still, with many days left in the month, THETA could still try to reclaim the orange box above as support, however because of how it’s currently positioned right now, THETA could also dip into the orange Range Low to re-affirm itself inside this range and confirm a bout of consolidation within it.
What’s clear is that THETA may not be ready to breakout from this orange-orange macro range just yet so some consolidation may be needed to set the stage for that to happen at some point in the future.
COTI — COTI/USDT
Here is last week’s analysis on COTI, as a preface:
And here’s today’s chart:
COTI is still holding these highs well, despite the market-wide pullback.
Technically, COTI is still actually successfully retesting this orange area as support.
Price stability is needed right here for the retest to ultimately be…
