Altcoin Market Update

Features analysis on Altcoins such as AR COTI AVAX KNC BCH THETA

Welcome back to the Rekt Capital Newsletter.

In today’s edition of the Rekt Capital 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.

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