Gm friends,
Welcome back to another edition of the Wealth Mastery Premium Investor Report.
Let’s dive 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 double-digit passive yields with Contango.
- 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:
- Arweave (AR)
- Coti (COTI)
- Avalanche (AVAX)
- Kyber Network (KNC)
- Bitcoin Cash (BCH)
- Theta Token (THETA)
Arweave — AR/USDT
In recent months Arweave has accomplished the following:
- Broke the blue Macro Downtrend in March
- Retested the blue Macro Downtrend as new support in April
- Formed the light blue Bull Flag just above the Macro Downtrend in April/May
- Broke out last month from the Bull Flag
- Enabled a Monthly Close above the black $43 level to begin a break back into the $43-$59 range.
- Currently retesting the $43 level as support this month.
AR is potentially mimicking late 2021 price action by holding this $43 black level as support (purple circle).
The retest in progress and a successful retest here would enable a move across the entirety of the black-black range from the $43 Range Low to the $59 Range High.
Coti — COTI/USDT
We’ve been waiting for the COTI Monthly Close; COTI needed to Monthly Close above the orange $0.13 level to build bullish momentum.
This didn’t occur however COTI has actually successfully retested the top of the black wedging structure on the Weekly timeframe, positioning COTI for a potential reclaim of this orange level:
The retest of the top of the pattern was perfect and for COTI to confirm this recent breakout, it would need to Weekly Close just like this.
Doing so, would position COTI for a potential pullback right back into the orange level.
So while the recent Monthly Close didn’t satisfy requirements for a reclaim, it looks like the recent wedge breakout on the Weekly is giving COTI another chance to reclaim the orange level, to follow the proposed black path.
We’ve seen upside wicks beyond the orange level many times over the past several weeks which is why that Weekly Close is so essential.
TO READ THE REST OF OF REKT’S MARKET ANALYSIS, CLICK HERE
Double-Digit Passive Yields: Leverage Strategy Vaults by Contango
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover Contango Strategies, which offers automated leverage vaults using perps with low funding rates and competitive fixed yield of Pendle PT’s!
A few weeks ago, we covered a newer strategy that auto-compounds Pendle ETH LP yield using a Beefy Finance vault. This Contango strategy will build off of our knowledge of Pendle Principal Tokens (PTs) offering guaranteed fixed yield, combined with looping a leveraged position of a yield-bearing asset.
Before we break down how to enter Contango Strategies, let’s get to the basics of how Contango works.
Contango allows you to open a perps position built by looping onchain with deep liquidity on battle tested protocols such as Compound, Aave, Spark, Morpho, Silo, Dolomite, and more.
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.
