Gm friends,
Welcome back to another 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 earn 21.5% APY with stAVAIL.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
In today’s edition, the following cryptocurrencies will be analysed & discussed:
- Injective (INJ)
- Vanar Chain (VANRY)
- Ethereum (ETH)
- Kadena (KDA)
- Avalanche (AVAX)
- Based Brett (BRETT)
Injective — INJ/USDT
Last week, we spoke about how INJ could be going for a retest attempt of the black $18.02 level as support:
Here’s today’s update:
This Bullish Divergence has played out for INJ, as price rallied +27% since successfully retesting the black $18.02 level as new support to springboard across the range to revisit the light blue highs at $21.68.
Generally, INJ is rejecting at this Range High region which is approximately confluent with the bottom of the light blue wedge which INJ broke down from several weeks ago.
INJ would need to Weekly Close above the base of this old wedge for price to enjoy additional trend continuation, otherwise price could drop deeper into its existing range for further consolidation.
Lastly, on the RSI it is clear that there is a Higher Low which is playing an integral part in developing the Bullish Divergence, but also recently a new Lower High has formed on the RSI as well.
This Lower High just accentuates the fact that the red boxed resistance on the RSI needs to be totally breached for the INJ uptrend to really flourish; if the RSI continues to reject from the newfound Lower High resistance then the RSI will drop into the light blue Higher Low for another retest soon.
Vanar Chain — VANRY/USDT
Two weeks ago, we spoke about a potential Weekly Close above the blue level to set up a retest attempt of said level via the green pathway:
Here’s last week’s update, showing that the retest was being set up:
And here’s today’s update:
VANRY successfully retested the blue level as support and rallied +33% to the upside, following the green path perfectly and even slightly overextending beyond it, almost revisiting the very top of the blue-red range ($0.08-$0.12).
In this range, there is also a mid-point (black dashed horizontal) which represents the middle of the range.
VANRY Weekly Closed above this black mid-point, potentially setting up a retest of said level for VANRY to try and confirm itself in the upper half of the range to try to revisit the red Range Highs again.
VANRY would need to Weekly Close again above the black mid-range for the retest to be successful; technically, this current downside below the black level could end up as a volatile retest but the Weekly Close needs to confirm that.
Weekly Closing below the black mid-point could sentence VANRY to further consolidation between the blue and black levels.
TO READ THE REST OF OF REKT’S MARKET ANALYSIS, CLICK HERE
AVAIL Native Liquid Staking: Earn 21.5% APY with stAVAIL
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover the first native liquid staking solution for native tokens…
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.
