Altcoin Newsletter #167

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

• The Graph (GRT)
• Chromia (CHR)
• Verasity (VRA)
• Kava (KAVA)
• Arweave (AR)
• Filecoin (FIL)
• Yearn Finance (YFI)

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

Let’s dive in...

The Graph - GRT/USDT

In November 2023, we spoke about GRT's Ascending Triangle and how it was developing to enable a breakout into the red-red macro range ($0.15-$0.37):

Followed by its +77% breakout while still being on track to revisiting the $0.37 red resistance:

And finally, GRT has made it:

GRT has rallied +146% from Range Low to Range High.

Technically, that's the entire move completed; for anything extra, GRT would need to reclaim the Range High as new support.

Chromia - CHR/USDT

A few weeks back, we spoke about CHR and how it was setting itself up for a rejection from the red resistance, proposing pathways for its future price action.

So here's today's update:

CHR has rebounded +24% since retesting the $0.28 (blue) Range Low.

Technically, this pathway has completed.

However, if CHR presents another opportunity to drop into the Range Low or even downside wick below it, it still would be satisfying the same technical conditions: that CHR is building a range here between $0.28 (blue) and ~$0.42 (red resistance).

For example, in mid-2021 CHR pulled back into the Range Low after rejecting from the Range High (blue circle):

So CHZ may be setting itself for a bout of consolidation within this relatively wide macro range, which may very well act as Re-Accumulation in preparation for the next leg up.