Every Friday, I share an Altcoin Newsletter which features my TA on 8 Altcoins.
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
In today’s Altcoin newsletter, I cover 8 different Altcoins, specifically:
- Oasis Protocol (ROSE)
- Celer Network (CELR)
- Solana (SOL)
- Cosmos (ATOM)
- Filecoin (FIL)
- Ocean Protocol (OCEAN)
- Linear Finance (LINA)
- Polygon (MATIC)
Let’s dive in.
Oasis Protocol - ROSE/USDT
A few weeks ago, we spoke about how ROSE formed a new blue Lower High resistance via its upside wicks; upside wicks that rejected at the red resistance area.
And since the downside from those highs, ROSE has managed to form a downside wick this month.
Question is - is ROSE forming a new series of downside wicks to form a new blue Higher Low support?
It’s too early to say, with still so many days left in the month before the monthly candle close is in.
But nonetheless, it is worth noting just in case we get a favourable monthly close that would suggest a new Higher Low becoming.
In the meantime, ROSE is trying to establish itself relative to this green horizontal level.
Monthly candle close below the green level could set it up for a drop via the red path which would really put to the test that new Higher Low.
Monthly Close above green and ROSE would likely give the black area another go.
Generally, the answer we are looking for is whether green is flipping into new resistance or will it be reclaimed as new support?