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5 Altcoins with 10X Potential in 10-minute videos have been revealed 💥
And the 6th Altcoin that I feel has 10x potential will be revealed tomorrow!
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In today’s Altcoin newsletter, I cover 8 different Altcoins, specifically:
- Vulcan Forged (PYR)
- Litecoin (LTC)
- Coti (COTI)
- VeChain (VET)
- Hedera Hashgraph (HBAR)
- Woo Network (WOO)
- Stacks (STX)
- ApeCoin (APE)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in.
Vulcan Forged - PYR/USDT
As a preface to today’s analysis on PYR, here is my chart from the March 24th edition of the Newsletter:
And here is an update:
PYR indeed rejected from the purple resistance (Lower High) and dropped into the blue boxed support area below but not actually touching the very bottom of this purple wedging structure.
Bouncing between the Lower High resistance and the support base of the structure is likely to continuing occurring as part of consolidation inside this pattern.
Recently, PYR challenged for a breakout attempt but fell short; the key is to perform a Weekly Close above the purple diagonal and retest it as new support to enable a revisit of the red Range High resistance at $4.37.
Until that occurs, it will always be a possibility that PYR drops into the blue area below again, with scope for retracement even to the very bottom of the structure.