Gm friends,
Welcome back to another Wealth Mastery Premium Investor Report.
Let’s jump right in!
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 earning triple-digit yield with Origami Finance.
- 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:
- Ethereum (ETH)
- Dogecoin (DOGE)
- Coti (COTI)
- Avalanche (AVAX)
- Theta Token (THETA)
- Kyber Network (KNC)
Ethereum — ETH/USD
Ethereum has Weekly Closed below the green $3956 level which means that this level is still acting as resistance.
What ETH needs to do is to Weekly Close above the green level, much like it did in mid-2021, to continue its momentum.
If ETH isn’t able to do that this week, then there’s scope for downside from here, maybe even into the orange boxed region where the blue circle resides; this blue circle represents a historical retest point.
In mid-2021, ETH needed to perform this blue circled retest to move higher.
At this stage it seems difficult to envisage that ETH could drop that much following its ETF catalyst but if ETH isn’t able to reclaim the green $3956 level, then there will always be a threat of rejection and the next major support would be that orange boxed area for a historical blue retest.
Dogecoin — DOGE/USD
DOGE Weekly Closed above the green level which means that price is positioning itself for a possible reclaim of this level.
Dips in towards this level would be a retest attempt in an effort to solidify a base at higher levels to further build on this recent rebound.
TO READ THE REST OF OF REKT’S MARKET ANALYSIS, CLICK HERE
Leverage For Dummies: Earning Triple-Digit Yield with Origami Finance
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover a newly launched automated leverage protocol, aka folding protocol, for yield strategies outperforming market rates!
Historically, leveraged farmers increase their exposure to a yield-bearing token or airdrop strategy by depositing that same token to borrow on a money market where it is whitelisted as collateral. The borrowed funds can then be swapped to generate more of the same collateral.
By looping or folding this debt position repeatedly, a highly leveraged exposure can be achieved depending on the maximum LTV (Loan-to-Value) of the pool. In Wealth Mastery, we cover these strategies often!
However, manually entering a folded position can be tedious, risky, and gas-intensive. Users must monitor their health ratio to ensure that market volatility or high interest rates do not bring their debt position above the liquidation threshold.
Back in April, Origami Finance launched on Ethereum Mainnet to enable users to fold their exposure to yield bearing tokens with minimal position management. Now with Origami Leveraged Vaults (lov), users can simplify the folding process…
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.
