Altcoin Newsletter #164


In today’s Altcoin newsletter I cover the following Altcoins, specifically:

  • Tron (TRX)
  • Theta Token & UniSwap (UNI)
  • Binance Coin (BNB)
  • Ocean Protocol (OCEAN)
  • Optimism (OP)
  • SushiSwap (SUSHI)

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

Let’s dive in...


We mentioned earlier in November that TRX would rally within its macro range:

Time has passed and price has risen:

TRX has rallied +30% after successfully retesting the Range Low (red $0.10) as support and has revisited the Range High resistance at $0.13.

The entire orange path move has been completed.

However now it will be interesting to watch for how TRX reacts to what is essentially the final major resistance before new All Time Highs and Price Discovery.

A Monthly Close above the red $0.13 resistance would be a strong sign of TRX getting ready for additional continuation towards the upside.

In fact, even a Daily Candle Close above the $0.13 resistance followed by a retest of it could be enough confirmation to breakout to higher prices.

Trend-defining times ahead for TRX.

Theta Token & UniSwap- THETA/USDT & UNI/USDT

Over the past few weeks in the newsletter, we've been discussing THETA's macro retest:

Having already broken out from its macro market structure (blue), it was clear THETA was going for a retest of the top of the pattern via the green path.

THETA has since successfully retested the pattern top as new support and has fully confirmed its new macro uptrend:

THETA has since rallied +25%.

THETA is not the only Altcoin that we shared with this particular setup.

UniSwap is another one we talked about a few weeks back:

Here is today's update:

UNI has also successfully retested the top of its pattern as new support, fully confirming its new macro uptrend and enjoying trend continuation to the upside.

UNI has rallied +26% since the retest.

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