GM friends,
Last week was a rough one but as always the markets have bounced back.
So now that we can all breath again, let’s dive into another airdrop packed Premium Investor 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 LRT Looping with Instadapp’s new Fluid Vaults for levering up on EigenLayer’s launch.
- 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
Over the past few weeks, we spoke about an incoming retest of the orange area as new support:
Last week, UNI indeed dropped into the orange area for that retest attempt:
Here’s today’s update:
UNI has thus far successfully retested the orange area as new support, bouncing +17% from there.
Continued stability above this orange area would be bullish for UNI; it needs to continue holding above the orange area heading into the Monthly Candle Close:
A Monthly Candle Close above the orange area would mean that UNI is getting closer to confirming its positioning within the current macro range which is the orange Range Low and the red Range High at $19.22.
That’s why UNI’s stability here is so important.
In saying that, while a Monthly Close above the orange area would be bullish, it could still technically set up another pullback into the orange area for another retest.
This isn’t a guarantee, especially since the retest has already occurred, but should another occur it would be healthy, normal textbook retesting action on the monthly timeframe; should any dips occur, the dips will figure as this retest.
We’ve seen successful retesting on the Weekly and if we see the same on the Monthly, that’ll only serve as additional confirmation that UNI is ready to traverse across the orange-red macro range over time.
Theta Token — THETA/USDT
A few weeks ago, we spoke about how THETA could dip into the orange box for a retest, akin to early 2022 (green circle):
Last week, THETA briefly lost this orange area but it looks like price is reclaiming it as we head into the new Monthly Close:
THETA is trying to reclaim this orange area as new support and this is even clearer on the Weekly timeframe:
Downside deviation below the orange is fine (green circle) as long as THETA is able to Monthly Close inside the orange area.
A Monthly Close inside would set THETA up for a successful retest at highs.
COTI — COTI/USDT
Over the past few weeks, we’ve also discussed the retest on COTI:
Last week, that retest was very much in progress:
And here’s today’s update:
The retest is still in progress, downside wicking is occurring but price is still nonetheless inside this orange box and consolidating here, trying to slow down in its selling momentum against this orange boxed support area.
Historical retests of this orange area (green…
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.
