Gm friends,
The Wealth Mastery Premium Investor Report is as reliable as they come, which is more than anyone can say about the Eigen Layer team and their airdrop right now…
More on that in Jesse’s airdrop section below.
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 how to earn 20% APY on eETH + 3x points with ether.fi Liquid.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
In today’s edition of the Wealth Mastery Newsletter, the following cryptocurrencies will be analysed & discussed:
- Ethereum (ETH)
- Dogecoin (DOGE)
- UniSwap (UNI)
- Theta Token (THETA)
- VeChain (VET)
- Crypto Com (CRO)
- Kyber Network (KNC)
Ethereum — ETH/USD
As a preface to today’s analysis, here is last week’s commentary:
Here is today’s analysis:
Ethereum has convincingly rejected from the orange resistance box, confirming it as a Range High resistance to its new red-orange range ($2791-$3300).
As a result, ETH is tumbling lower into the range, getting closer to the Range Low at $2791 (orange circle).
In recent weeks, ETH would downside wick close to the Range Low but not actually touching it.
Could ETH do the same thing this week or will price finally manage to revisit the Range Low?
Whatever the scenario, ETH is likely going to revisit the Range Low area as part of normal range-bound price behaviour if things continue like this.
Dogecoin — DOGE/USDT
Last week we spoke about a potential Head & Shoulders formation developing on DOGE’s price that, if validated, would see DOGE drop into the confluent support area that is the blue Macro Downtrend and the black Range Low support:
Here is today’s analysis:
The Head & Shoulders formation has been validated and price is getting very close to that aforementioned confluent area for an all-important macro retest attempt.
UniSwap — UNI/USDT
It’s been a while that we’ve been discussing UNI’s retest of the orange area as new support, with scope for volatile downside wicking:
Here’s today’s update:
At the moment, the two most likeliest paths for UNI at this time appear to be either the orange or the light blue path, with literally mere cents separating UNI from deciding on its ultimate path.
Both paths will likely lead to consolidation but of course the light blue path suggests stability in the coming several weeks while the orange path implies some additional downside before that consolidation-into-stability occurs.
We’ll know more after the Monthly Close when it comes to which path UNI is more likely to pursue in the coming weeks.
Theta Token — THETA/USDT
Little has changed for THETA when it comes to its macro price predicament.
THETA continues to hold the orange Range Low as support, positioning itself for consolidation within this orange-orange macro range.
The thing about this range is that it is relatively wide which could open up for consolidation within the range via moves from Range Low to Range High.
To expect such wide-consolidatory moves in a typically bearish month like May however could be a little too optimistic; instead, less volatile sideways moves could be ahead for THETA as it looks to…
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.
