top of page
  • 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.





DISCLAIMER: The targets that I identify are 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 trading decisions.
2,103 views5 comments

Recent Posts

See All
bottom of page