• gertvanlagen

$C98, $QTUM, $MAN - 3rd draw October challenge

Updated: Oct 7, 2021

The higher a target, the more likely a lower target will be the cycle top. Highest targets are deemed possible when the total market capitalization grows to 10T EOY '21.

--> link to challenge dashboard


$C98 - Trilium ~ Alien Worlds Token

The nice thing about C98 tokenomics is that it's current supply is frozen until mid 2022.

This means that price action until then is not dampened by any inflation and can fly sky high.


Since there is little data available on price action, it would be a wild guess to define targets for EOY '21. Therefore I sketch 2 scenarios which I deem equally probable:

  1. The august high is the top of a 1-2 Elliott wave, which makes it likely that the price will correct deeper to $1.63 at 0.236 or $2.13 at 0.382. This could imply that in the remainder of this year (after this correction), the value will explode (3-4-5 of the Elliott wave);

  2. The august high is the top of a 3-4 Elliott wave, which makes it likely that price will appreciate from now on in a less explosive fashion.

All-in-all:

  • If I would hold C98 already, I'd sell if price loses $3.3 as support (wicks allowed);

  • Consider buying at $1.6 or $2.1 if price starts to correct deeper;

  • Consider buying at $4.5 when price flies through 0.786 with stop-loss at $4;

Key resistance to break: $3.3-$4.5


Background information

Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.


 

$QTUM

This project aims to merge the benefits of $BTC and $ETH and is powerful for enterprise applications.


Currently price is at a major resistance level where it failed in May. This resistance $13-26 needs to be flipped to support FIRST, after which a moonshot is not off the table with targets:

  • $185: 1.272 extension of the 2018-2020 bear market;

  • $325: 1.414 extension of the 2018-2020 bear market;

  • $750: 1.618 extension of the 2018-2020 bear market.

Key support to hold: Yellow line at $5

Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.


 

$MAN - Matrix AI Network

This coin has been declared dead: https://www.coinopsy.com/dead-coins/matrix-ai-network/

More details on exit scam: https://www.reddit.com/r/CryptoMoonShots/comments/i7kmhe/matrix_ai_network_potential_exit_scam/



 




DISCLAIMER: The targets that I identify are purely based on Technical Analysis and are by no means guarantees that these will be met. You can use (intermediate) targets to build your trading strategy to determine which price targets are strong take profit or stop loss levels. Always do your own research and don't blame me for your own decisions.
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