Altcoin Newsletter #154


In today’s Altcoin newsletter I cover 8 different Altcoins - specifically:

  • Polkadot (DOT)
  • Theta Token (THETA)
  • Elrond (EGLD)
  • The Graph (GRT)
  • Travala (AVA)
  • Dusk Network (DUSK)
  • Synthetix Network Token (SNX)
  • TRON (TRX)

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

Let’s dive in...

Polkadot - DOT/USDT

Polkadot is in the process of breaking its Falling Wedge resistance.

Monthly Close like this would be a very good start to confirming the breakout, especially since there are promising technical signs of DOT successfully performing a retest on the Weekly timeframe of the top of this wedge:

Successful retesting of the top of the pattern and a Monthly Close above are essential for a bullish bias.

A useful way to think about this is that this current Weekly retesting is necessary for DOT to secure the Monthly Close above the pattern top.

And after a Monthly Close outside of the pattern, technically DOT could still enable a dip into the same area in December, but that dip would be part of a Monthly retest as a final step to fully confirming the breakout.

Slowly, DOT is preparing itself for a macro uptrend.

Theta Token - THETA/USDT

Theta Token is no different to Polakdot right now.

THETA is trying to position itself for a Monthly Close above its Downtrending Channel as that would kickstart the breakout process.

Much like DOT, THETA is also successfully retesting the top of this pattern as support:

Continued stability here going into the end of the month would kickstart the breakout process and set price up for a new macro uptrend.

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