Altcoin Newsletter #149


In today’s Altcoin newsletter I cover 6 different Altcoins, specifically:

  • Solana (SOL)
  • Bitcoin Cash (BCH)
  • Fetch ai (FET)
  • Chainlink (LINK)
  • Ocean Protocol (OCEAN)
  • Band Protocol (BAND)

These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter

Let’s dive in...

Solana - SOL/USD

In recent weeks, we’ve been discussing how Solana was inside a macro range for several months and how it was set to rebound from the Range Low support to revisit the Range High resistance.

Solana did just that, rallying almost +30% in the process.

However, historically it has been a challenge for SOL to break beyond this Range High resistance, often upside wicking beyond it on the Monthly.

A big part of a failed breakout on the Monthly is the Weekly retest of this Range High as support.

SOL hasn’t been able to reclaim this level as a new support following the breakout to fully confirm the breakout.

As a result, should SOL dip from current levels into the Range High resistance, that would be a pivotal retest attempt that price needs to conduct successfully if it is to confirm a breakout from this range and in turn position itself for a favourable Monthly Close. 

Bitcoin Cash - BCH/USDT

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