Gm friends,
Welcome back to another edition of the Premium Investor Report.
Let’s jump 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 points or 4.6% APY with ether.fi and Pendle.
- 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:
- Vanar Chain (VANRY)
- Injective (INJ)
- Ethereum (ETH)
- Avalanche (AVAX)
- Kadena (KDA)
- Based Brett (BRETT)
Vanar Chain — VANRY/USDT
Since the market-wide crash, VANRY is showing initial signs of potentially developing this Falling Wedge-like market structure.
This still needs to be monitored closely as the Lower Low has just formed and it’s not clear if this indeed will be the base of the pattern, especially if the $0.886 blue level were to turn into resistance for example.
However, VANRY is positioning itself for a retest of the blue $0.886 level again and a successful retest here would probably see VANRY challenge the multi-month downtrend (blue) for a potential breakout attempt.
Reject at the blue $0.886 level as resistance however and that Lower Low could be tested to check if it indeed will act as the base of the pattern going forward.
VANRY needs the Weekly Close above the blue level, just like the one it performed three weeks ago, in order to confirm further upside from here.
Injective — INJ/USDT
Over the past few weeks, INJ followed through on its green path to produce an over +25% move to the upside:
Here is last week’s update for further context:
In the end, INJ failed to Weekly Close higher and indeed dropped further down the range:
In fact, INJ dropped below the $18.o2 Range Low (black), Weekly Closing below it to potentially set this level up for a flip into new resistance so as to follow the red path over time.
Really important this $18.02 level doesn’t flip into new support otherwise downside could be on the cards for INJ.
More, INJ also formed a new Lower Low in the process but the RSI continues to maintain its Higher Low; in fact, the RSI continues to maintain its general triangular market structure.
The RSI would need to lose its Higher Low for INJ to demonstrate further downside in its price action; until then, the Bullish Divergence continues to stay intact.
It’s not clear however when this Bull Div will activate; technically it has been forming since July and developing with each Lower Low in price action and each Higher Low in the RSI.
As long as these series continue, then the Bull Div is bound to play out over time.
It’s just unclear when exactly at this time.
TO READ THE REST OF OF REKT’S MARKET ANALYSIS, CLICK HERE
New Bitcoin LRT: Earn Points or 4.6% APY with ether.fi and Pendle
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover a newly launched Bitcoin LRT called eBTC by ether.fi, including how to earn fixed yield with eBTC on Pendle.
A few weeks ago, we covered swBTC by Swell which has continued to grow to $31M in deposits. Now having launched in mid-August, eBTC just eclipsed swBTC in liquidity with over $36.8M deposited, making…
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.
