In today’s Altcoin newsletter I cover 8 different Altcoins, specifically:
- Cardano (ADA)
- Polkadot (DOT)
- Algorand (ALGO)
- Elrond (EGLD)
- Synthetix Network Token (SNX)
- Oasis Protocol (ROSE)
- Stacks (STX)
- Filecoin (FIL)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter
Let’s dive in...
Cardano - ADA/USD
Two weeks ago we spoke about how Cardano was inside its Accumulation Range, just pressing into the Range High resistance:
Here's last week's update as well:
And finally here is today's update:
ADA has rallied +60% to the upside, on the way to reaching the green resistance above, most lately having retested the orange level as support, following the orange path perfectly.
ADA didn't offer any deeper dips, much like most of the market.
ADA is on the way to the green resistance above.
Polkadot - DOT/USDT
Polkadot has been an Altcoin we've been speaking a lot about in recent weeks.
First we spoke about the post-breakout retest of the top of its structure:
Then last week we spoke about its next pathway to the upside:
And here is DOT's update for today:
DOT has rallied +55% since successfully retesting the top of the breakout pattern.
More, DOT has also followed the black path perfectly thus far, retesting the base of the red region as new support and now trying to retest the top of the red area as new support as well.
Doing so successfully would enable further upside into what is now a new confirmed macro uptrend.