Altcoin Newsletter #165


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

  • Verasity (VRA)
  • Chromia (CHR)
  • Chainlink (LINK)
  • Hedera Hashgraph (HBAR)
  • The Graph (GRT)
  • Ethereum Classic (ETC)

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

Let’s dive in...

Verasity - VRA/USDT

VRA is forming a macro triangle (black), with a strong red Monthly resistance within it.

But over time, VRA will reveal that the red box is no longer a strong point of rejection; part of that is due to the black Higher Low dictating a support at higher and higher prices.

So while VRA has only just rejected from this red resistance area, the most VRA would retrace would be to the Higher Low for a retest of this trendline as support for what would be the fourth consecutive time since early 2023.

Over time, VRA will be able to breakout from this black macro triangle.

Chromia - CHR/USDT

Historically, every time CHR has broken beyond its green area but rejected from the red resistance, it would drop back into the green area for a retest.

If it's a volatile retest, CHR would really dig deep into the green area, perhaps even touching the very bottom of the green box.

If it's a less volatile retest, the top of the green box (i.e. blue level at $0.28) would get retested instead.

A Monthly Close below the red resistance box would likely set CHR for a pullback to lower prices within the what is essentially the blue-red range ($0.28-$0.40), with scope for deeper downside into the green area if a volatile retest is to occur.

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