gertvanlagen
- Oct 14, 2021
- 3 min read

$CKB, $GTH, $EWT, $LINK, $WIN- 16th draw October challenge

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

$CKB - Nervos Network

This is a very bullish project in my opinion and here's why: link.

Elliott wave analysis:

Since its launch $CKB corrected in a ABC bear market move (2020). Since 2021 the bull market started and price is currently in the 4-5 impulse wave. An inverse head and shoulders is forming below the key resistance zone ($0.023-$0.031). Targets are:

$0.08 target of inverse head and shoulders; (shortterm, very likely)
$0.14 1.618 ext. of 3-4 correction AND top of channel through 3-4-5; (4B MC, likely)
$0.27 2 extension of 3-4 correction wave; (7.6B MC, very possible)
$0.81 2.618 extension of 3-4 correction wave; (23B MC, possible)
$1.6 3 extension of 3-4 correction wave (45B MC, unlikely)
$4.8 3.618 extension of 3-4 correction wave (135B MC, highly unlikely)

Key support to hold: $0.01

Key resistance to break: $0.02-$0.03

$GTH - Gather

It's a very young coin, so I would do extensive research before considering to buy it. In any case, don't put all your money on a single project, especially lowcap alts. This coin is almost nowhere listed yet, so be careful.

Technical Analysis

A bump-and-run pattern is in play. Price failed three times at the key resistance and is not allowed to break the dashed trend line.

Key support to hold: $0.2

Key resistance to break: $0.24-$0.3

$EWT - Energy Web Token

Great in-depth review: link. The energy sector is a tricky world, all I say is that there are less risky projects out there.

Technical analysis:

A potential head and shoulders pattern is forming but this could also be a bear trap as a 4-5 impulse wave could be in play.

Targets IF key resistance and ATH gets broken:

$80 2 extension of 3-4 corrective wave.
$190 2.618 extension of 3-4 corrective wave.

Key support to hold: $8.4 and $5

Key resistance to break: $12-15

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

$LINK - Chainlink

This is one of the core crypto projects and poised to succeed.

Longterm and shortterm Elliottwave analysis can be found HERE.

Targets: $130, $222, $530

$WIN - WINkLink

This project saw enormous gains already in 2021, will this rise continue in the remainder of the current bull cycle? It's the first TRON Ecosystem Comprehensive Oracle. Do your own research.

Technical Analysis:

This graph shows how much a lowcap alt can dump during a $BTC correction, 90%. The recovery since then looks very much like the 1-2 subwave of the 4-5 impulse wave, but there's still a lot of resistance to break. Judging by the size of some candles things can be shaken up very quickly, so take care and use a stop-loss and/or trailing stop while trading.

Targets:

$0.005 1.272 extension of 3-4 corrective wave;
$0.0101 1.618 extension of 3-4 corrective wave AND top of channel through 2-3-4.

Key resistance to break: $0.0012-0.0017

Key support to hold: lower green trendline