Welcome back to the Rekt Capital Newsletter!
This Friday, I’ll chart your Altcoin picks in an exclusive subscriber-only TA newsletter and will cover as many as I can.
So if you’d like to have an Altcoin charted, feel free to share max. two TA requests each in the comments below.
I’ll chart the Altcoins that get mentioned and ‘Liked’ the most.
Click the buttom below to leave a comment with your TA request!
Let's dive into today's Altcoin Watchlist.
In today’s edition of the Rekt Capital Newsletter, the following cryptocurrencies will be analysed & discussed:
- Woo Network (WOO)
- Coti (COTI)
- UniSwap (UNI)
- Polygon (MATIC)
- Band Protocol (BAND)
- VeChain (VET)
Let’s dive in.
Woo Network - WOO/USDT
Last week in the Altcoin Watchlist, we discussed a crucial retest for WOO:
And here's today's update:
WOO has rallied +29% to the upside after successfully retesting in picture-perfect manner the orange level as support, following the red path well.
What's next for WOO?
WOO has had a hard time at reclaiming the red $0.26 level in recent months (yellow circles).
So for WOO to rally higher now, it would need to retest the red level as support as well, to enable a move to the green resistance above.
WOO is on the cusp of yet another crucial retest but this time enjoying the luxury of being up +29% since last week's Altcoin Watchlist.
Coti - COTI/USDT
We've been covering COTI for a few weeks now, starting with the crucial Monthly Close in November:
Followed by last week's analysis indicating a post-Monthly-Close retest attempt of the top of the green box:
And finally today's update:
COTI has rallied over +20% since successfully retesting the top of the green historical demand area and is now on its way to the very top of the red Channel it finds itself in currently.
The red Macro Diagonal above is the key resistance to break for COTI to enter a much more sizeable run-up.
However, for the time being the red Macro Diagonal needs to first be revisited.
That being said - COTI is on the right track.