Altcoin Newsletter #146


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:

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