In today’s Altcoin newsletter, I cover 7 different Altcoins, specifically:
- Arbitrum (ARB)
- UniBot (UNIBOT)
- Binance Coin (BNB)
- Bitcoin Cash (BCH)
- Injective (INJ)
- Stellar (XLM)
- Shiba Inu (SHIB)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Last week we spoke about ARB potentially relief rallying to flip the psychological level of ~$1 into new resistance to kickstart downside continuation:
And here is today's update:
ARB has completed the move via the red path.
In fact, there is a threat of price even losing the bottom of this green area as support.
If ARB Weekly Closes below the green box and turns the bottom of this green area into new resistance, then price may enter a swift downtrend in an effort to discover new levels to find support at.
ARB needs to protect its ~$0.91 as support to forgo this fate.
Last week, we discussed how UNIBOT needed to find stability at the green support so as to muster strength to break beyond the orange diagonal resistance.
Here is an update:
UNIBOT rallied +34% since breakout but has rejected in recent days:
Until UNIBOT is able to break beyond ~$152 resistance (black), it will technically continue to range inside this black-black range.
Previous rejections at the ~$152 Range High resistance preceded downside in the Range Low support of $115.
Essentially, UNIBOT could return back to where it broke out from.