Gm friends,
Welcome back to another mid week 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 ???
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
Private “Beta 4” Registration is finally here for the beautiful crypto game Illuvium! AND, they are doing a 25 million dollar airdrop for early players!
Register now to be one of the lucky players to farm early!
In today’s edition of the Wealth Mastery Newsletter, the following cryptocurrencies will be analysed & discussed:
- Ethereum (ETH)
- Dogecoin (DOGE)
- Coti (COTI)
- Avalanche (AVAX)
- Theta Token (THETA)
- VeChain (VET)
- Kyber Network (KNC)
Ethereum — ETH/USD
Over the past few weeks, we’ve covered ETH in a lot of detail, first talking above how a potential rejection from the blue circled area could see price drop into the orange circled level:
Here is today’s analysis:
ETH indeed dropped into the orange circled level but also rebounded from it.
But ETH hasn’t been able to build on that rebound as of yet.
Still, it is holding the black level here, which is acting as a mid-point to its current orange circle to blue circle range.
Losing black here would probably see ETH revisit the orange circled Range Low but this time, in candle-bodied form instead of the downside wicks we’ve seen produced there over the past few weeks.
ETH needs to continue holding this black level to avoid a scenario where ETH would test the orange circled Range Low and potentially showcase a weakening of it.
Dogecoin — DOGE/USDT
Last week we spoke about how DOGE was in the process of a crucial macro retest:
Price was in the process of retesting both the Macro Downtrend as well as the black Range Low at $0.12.
DOGE successfully retested this confluent area of support:
DOGE has since rebounded almost +23% to the upside, successfully confirming a new Macro Uptrend in the process.
After all, the retest of the Macro Downtrend occurred so that price could confirm that said downtrend is no longer a resistance but now exists as a support.
When a Macro Downtrend get broken and retested as new support, a new Macro Uptrend is confirmed.
TO READ THE REST OF OF REKT’S MARKET ANALYSIS, CLICK HERE
Degen Income Strategies with Summer.fi
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover a powerful tool for identifying and executing DeFi income strategies called Summer.fi!
Years ago, I was the second hire at Zapper during DeFi Summer. At that time, Zapper was a go-to application for discovering DeFi farms, including how to enter or exit them. While Zapper’s gone a different direction, the demand is still there for an app that curates the best DeFi opportunities.
Built by the team who originally pioneered the Oasis app for MakerDAO CDPs, Summer.fi has emerged as one of the most popular applications for borrowing, lending, and earning onchain across Ethereum, Base, Optimism, and Arbitrum. Today, Summer.fi enables over $4.2B in assets to be managed onchain.
Summer.fi helps users to borrow, lend, and multiply their…
