Altcoin Newsletter #211

***Announcement***

I'm absolutely thrilled to announce that my brand new course Advanced Technical Analysis is available for Pre-Order.

Make the most of the early-bird offer and save $100 by Pre-Ordering the course today (full price will be $397).

Welcome to the Rekt Capital Newsletter, a resource for investors who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.

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

• Ethereum (ETH)
• Ripple (XRP)
• Solana (SOL)
• Sui (SUI)
• Based Pepe (BASED PEPE)
• Render (RENDER)
• Celestia (TIA)

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

Let’s dive in...

Ethereum - ETH/USD

Ethereum is in the process of building out its Right Shoulder to its potential inverse Head & Shoulders formation.

Price tagged the ~$3000 level (blue), which is also the low of the Left Shoulder, and price needs to reverse from here in a U-Shaped manner to complete the reversal to the upside to revisit the Neckline (blue diagonal, red boxed resistance).

The Left Shoulder took four months to develop, whereas ETH is finishing up the second month of building out this current Right Shoulder.

If history is to repeat, then ETH could finish building the Right Shoulder around March time.

Ripple - XRP/USD

XRP is trying to retest the late 2024 highs (orange box) as support on this recent pullback.

The black resistance above is the final resistance before new All Time Highs for XRP.

As a result, XRP is forming a range here; interestingly enough, this orange boxed area happens to be the late 2017 final Weekly resistance which rejected price into a subsequent deep Bear Market.

Meanwhile now, price is trying to turn that same area into new support right now.

The market has come a long way since 2017.