Bitcoin & Altcoin Market Update
Where is the entire market going next?
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.
In today’s edition of the Rekt Capital Newsletter, the following cryptocurrencies will be analysed and discussed:
TomoChain (TOMO)
Bitcoin (BTC)
Chainlink (LINK)
Litecoin (LTC)
SushiSwap (SUSHI)
Neo (NEO)
Ocean Protocol (OCEAN)
Let’s dive in.
TomoChain - TOMO/USDT
As a preface to today’s analysis, here is my chart on TOMO from February 2023:
And here is today’s update:
TOMO has since rallied almost +100%, following the blue pathway perfectly thus far.
There is still potentially a bit more upside to be enjoyed by TOMO however there is a scope for a rejection once TOMO revisits the black resistance above.
A strong rejection could take place there which could bring price down to the orange area below, especially if TOMO Monthly closes below the black resistance (though perhaps some upside wicking beyond the black resistance could occur in the meantime).