Altcoin Newsletter #163
Features COTI SOL ASTR BNB TRX YFI ADA
In today’s Altcoin newsletter I cover the following Altcoins, specifically:
- Coti (COTI)
- Solana (SOL/USD)
- Astar Network (ASTR)
- Binance Coin (BNB)
- Tron (TRX)
- Yearn Finance (YFI)
- Cardano (ADA)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Coti - COTI/USDT
Coti is most probably the best performer which has been covered in the Newsletter in recent times:
We discussed how COTI was nearing its historical demand area (green), with the top of the green box being a key support as well as the deeper parts of it going to as low as the red bottom trendline.
Since then, COTI has outperformed, rallying fully via the green path and now breaking out even from its red macro market structure:
Any Weekly Close above this red top trendline would be bullish, followed by a retest either of the top of the red trendline as new support or even the black level (which is the old Range Low to the black-orange range).
It comes down to this region in general where COTI needs to solidify itself to confirm a new macro uptrend:
The yellow circle is where COTI needs to establish support and chances are it will.
Solana - SOL/USD
After successfully following the orange path to completion, SOL is now trying to transition into the blue path.
So far, so good.
With the Weekly Close just around the corner, SOL may very well just Weekly Close above black to potentially set up for a dip into the black level for a retest before following the blue path to completion this time.