Altcoin Newsletter #193
Features DOGE LTC OM GLMR TON TAO
In today’s Altcoin newsletter I cover the following Altcoins - specifically:
- Dogecoin (DOGE)
- Litecoin (LTC)
- Mantra DAO (OM)
- Moonbeam (GLMR)
- Toncoin (TON)
- Bittensor (TAO)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Dogecoin - DOGE/USDT
Ever since breaking out beyond its Macro Downtrend (blue) earlier this year, DOGE has been in a retrace.
However, on this retrace, DOGE has been (for the most part) successfully retesting the Macro Downtrend (blue) as new support so as to confirm the Downtrend as over and to confirm new Macro Uptrend Continuation.
DOGE has performed many volatile retests of the Macro Downtrend as support over the past several months but last month DOGE actually Monthly Closed below the Downtrend.
DOGE has however managed to recover back above the Downtrend.
This is the sort of price positioning that DOGE needs to maintain going into the end of the September and the new Monthly Candle Close.
DOGE needs to secure a Monthly Close above $0.10335 to reclaim the Downtrend as support.