- gertvanlagen
$CRV, $ATA, $RVN, $OXT, $FIRO - 6th 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.
--> challenge dashboard
--> Cover image
$CRV - Curve DAO Token
In its first year $CRV had it's steepest increase in supply, suppressing price action.
Technically this coin can gain some serious upside. However, I wouldn't be surprised if the ongoing issuing of new tokens keeps suppressing price action over the coming months, withholding $CRV from an absolute moonshot.
Targets:
$10: 1.272 extension;
$14: 1.414 extension;
$25: 1.618 extension.
Key support to hold: $1.7-2.7
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$ATA - Automata
Automata started with an initial supply of 17% of it's maximum supply. In July another 3% was added. In October 2021 the total supply of Automata will increase with another 7%. This will most likely suppress price action for at least this month. Potential great entry points lie at $0.67, $0.5 or even $0.33. In November and December I think this coin will start to rally, potentially after have formed a double bottom at $0.33.
Targets for end of year, FIRST downside expected (see paragraph above!):
$6.5: 1.618 extension;
$13: 2 extension;
$40: 2.618 extension.
Key resistance to break: $1-1.4
Key support to hold: 0.33
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$RVN - Ravencoin
Targets:
$0.7: 1.414 extension of 3-4 countertrend wave AND 2 extension of '18-'19 bear market;
Other potential (intermediate) targets are provided in the chart.
Key support to hold: $0.075
Key resistance to break: $0.14-0.2
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$OXT - Orchid
Price is trending upwards and has 3 times failed to break ~$0.8. A typical triangle is the result.
Be aware of possible fake-outs in either direction .
Targets triangle:
~$2.6;
~$5.5.
Key support to hold: yellow trend line -> invalidated when weekly close below it
Key resistance to break: $0.4-0.5
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$FIRO - Firo Project
First of all, I wouldn't trade this coin myself. It has a low trust score, low volume and is trading sideways for over 2 years now. It has a caprious history including a rebranding of Zcoin and a 51% attack. It's main competitor $XMR (Monero) seems way ahead, at least in market cap while being around much shorter. To prove it's validity for me, $FIRO first has to break the key resistance zone.
Key support to hold: $3
Key resistance to break: $15-45
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.