Altcoin Market Update

Hello and welcome back to the Rekt Capital Newsletter.

In today’s edition, the following cryptocurrencies will be analysed & discussed:

• Dogecoin (DOGE)
• Ethereum (ETH)
• Clearpool (CPOOL)
• Hedera Hashgraph (HBAR)
• Celestia (TIA)
• Sharpe AI (SAI)

But before we dive in, this Friday I’ll chart your Altcoin picks in an exclusive subscriber-only TA newsletter and will cover as many as I can

So if you’d like to have an Altcoin charted, feel free to share max. two TA requests each in the comments below.

I’ll chart the Altcoins that get mentioned and ‘Liked’ the most

Click the button below to leave a comment with your TA request!

Let's dive in to today's Altcoin Market Update.

Dogecoin - DOGE/USDT

Dogecoin is trying to follow Bitcoin in its footsteps by forming a Monthly Bull Flag.

DOGE is developing this structure, lagging behind BTC:

BTC has of course already broken out from its pattern but will need to maintain itself above the Flag top until the end of the month.

But if BTC's momentum continues, then DOGE should be able to develop the strength within its own flagging pattern to then muster a breakout to follow BTC over time.

Ethereum - ETH/USD

Last week we spoke about how ETH was forming an inverse Head & Shoulders but how the Right Shoulder hadn't fully developed yet because price hadn't yet tagged the Left Shoulder level of ~$3000 as support:

ETH has since tagged that $3k psychological level to build out a potential base for the emerging Right Shoulder:

That's an almost picture-perfect retest of the Left Shoulder base as support.

The Right Shoulder is developing well but also it's good to see symmetrically in how these Shoulders are forming (i.e. sharing the $3k level as the base for the Shoulders).