In today’s Altcoin newsletter I cover 7 different Altcoins, specifically:
- Chainlink (LINK)
- Bitcoin Cash (BCH)
- Avalanche (AVAX)
- Cardano (ADA)
- Arweave (AR)
- Polygon (MATIC)
- Elrond (EGLD)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Chainlink - LINK/USD
Here is a short story on Chainlink:
LINK then followed the red path...
Then rebounded strongly from the Range Low, before embarking on a path to revisit the Range High resistance...
Which it finally did in the end, for a +44% rally in total.
LINK hasn't broken out from the Macro Range, that's a fact, but LINK is positioning itself to Weekly Close above the Macro Downtrend:
If LINK Weekly Closes above the Downtrend, it could set up for a dip into the Downtrend for a retest.
A successful retest of the Downtrend would probably set price up for another revisit of the Macro Range High.
But it would only be upon Weekly Close and a successful retest of the Range High resistance as support that LINK would be able to confirm a breakout from its Macro Range.
Bitcoin Cash - BCH/USD
This past July I shared this chart on my Twitter:
And here is an update: