Altcoin Watchlist

Welcome back to the Rekt Capital Newsletter.

In today’s edition of the Rekt Capital Newsletter, the following cryptocurrencies will be analysed & discussed:

• UniSwap (UNI)
• Theta Token (THETA)
• Coti (COTI)
• Chiliz (CHZ)
• Ethereum (ETH)

UniSwap - UNI/USDT

UniSwap has come a long way since retesting its macro market structure:

Here is last week's chart:

And here is today's chart on UNI:

UNI is technically really well positioned for upside, given its price stability at the orange region of history resistance, which is now figuring as new support.

As long as UNI holds here as it has been doing this month, there is scope for further upside over time for UNI to revisit the red resistance over time; the red resistance being the next available major resistance ahead.

Theta Token - THETA/USDT

Last week, we discussed THETA's price positioning and how it could dip before spring-boarding higher.

Here is the chart from last week:

And here is the analysis from last week:

Here's today's update:

THETA has enjoyed phenomenal upside since last week, rallying +250% since the breakout point we'd extensively been covering in recent months.

THETA has broken into its orange-orange macro range, revisiting the Range High resistance in the process.

Reclaiming the bottom of the orange Range High resistance box would be bullish, enabling price to rally to the blue resistance at $4.41.

However, because THETA is inside this orange-orange range, until it breaks out from it - technically, there is room for a re-accumulation range to be built right here.

Of course, if given that sort of pullback opportunity into the orange Range Low, I'd certainly be interested in adding to the position.

In the meantime however, it's better to watch for THETA's next technical step, whether it becomes ready to breakout from the range, or ready to consolidate within it.