Gm friends,
If you’re reading this, you made it through that weekend market dump… And for that I congratulate you.
Now let’s dust off our boots and get back at it with another Premium Investor Report.
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 an airdrop strategy for Solv, where you can earn Bitcoin yield with solvBTC.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
Ready to take your crypto journey to new heights? Look no further – Bitget is your ticket to seamless and rewarding trading experiences!
- User Friendly
- Advanced Tools For Traders
- Huge range of top coins to trade
💰 Sign Up Now for Exclusive Bonuses Up To $30,000! 💰
Welcome back to the Wealth Mastery Newsletter.
In today’s edition of the Wealth Mastery Newsletter, the following cryptocurrencies will be analysed & discussed:
- Ethereum (ETH)
- Dogecoin (DOGE)
- UniSwap (UNI)
- Polkadot (DOT)
- VeChain (VET)
- Crypto Com (CRO)
- Kyber Network (KNC)
- Thorchain (RUNE)
Ethereum — ETH/USD
Last week, we spoke about scenarios for Etheneum’s price action:
In short, it was all about whether price could hold the blue circled retest because if not, ETH would probably downside wick into the $2800 level (orange circle).
Here’s today’s update:
ETH downside wicked towards this orange circled region last week, Weekly Closed below the orange area, and this week ETH upside wicked into this same orange area, seemingly flipping it into new resistance.
ETH is as a result positioned for downside continuation; the only thing missing now is that follow-through for price to drop lower and closer to the orange circled area once again.
Generally though, ETH is now located in the $2800-$3300 range until further notice, with scope for downside within this range.
Until ETH is able to reclaim the orange area as support (blue circle), a bearish stance is a more reasonable one to adopt in the interim.
That being said, it’s important to underscore how Altcoins tend to generally behave around the Halving event and it’s historically been bearish, especially since this Halving event also coincides with the end of the Q1 Altcoin Hype Cycle:
Altcoins have followed this graphic to perfection in this Bull Market and I expect the same going forward.
Which means that Altcoins should bottom out on their retraces in the coming several weeks in preparation for the new Q2 Altcoin Hype Cycle.
This would translate into Altcoin bottoming in as early as mid-May, more realistically end of May, early June.
Dogecoin — DOGE/USDT
The goal for DOGE is to perform a retest of the red $0.20 level as new support following a positive Monthly Close above that same level in March.
Technically, there was scope for downside volatility as part of that retrace — and we got that — but DOGE actually retraced even deeper than was occurred in mid-2021 on a similar retrace (green circle).
In fact, DOGE dropped closer to the black $0.12 Range Low, as if breaking back down into the black-red range ($0.12-$0.20) despite briefly breaking out from it.
In addition, this downside volatility actually got…
