- gertvanlagen
$DGB, $SXP, $ONE, $RLC, $KAWA - 22nd draw October challenge
Updated: Oct 22, 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
$DGB - DigiByte
This token has been around since 2014, has sustained multiple bear markets and has made a new ATH this year. On the shortterm this price needs to hold the $0.05 price level and break the ATH once again. When this happens the following targets might be on the horizon for DigiByte.
Elliott wave targets:
$0.5 1.272 extension of 3-4 correction wave (likely);
$0.9 1.414 extension of 3-4 correction wave (less likely);
$2.3 1.618 extension of 3-4 correction wave (unlikely);
Key support to hold: $0.025
Key resistance to break: $0.14
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$SXP - Swipe
This token is on the verge of a break-out to likely the upside. Nice coverage: link
Main Elliott wave target is $45:
2 extension of I-II correction;
extension of the channel through 0-1-2
Key support to hold: lower green trendline at $2.3
Key resistance to break: $2.3-$3.2
(lower targets like $20 and $12.5 can be read off the chart directly)
When the main target is met, I expect price to retrace to the lower side of the channel but remain above $5.2: III-IV > I
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$ONE - Harmony
This project is clearly in a huge bull run and might continue explosively.
Elliott wave analysis:
Main target is $7 :
2.618 extension of the bear market (ABC);
3.414 extension of the 3-4 correction;
Projection of green raising channel through 0-1-2-3-4 to end of this year.
(lower targets like $3.9 and $2.2 can be read off the chart directly, $0.9 is a strong target as well where I expect price to consolidate for a while.)
Key support to hold: lower green trend line
Key resistance to break: None
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$RLC - iExec RLC
This project is clearly in a huge bull run and might continue explosively.
Elliott wave analysis:
Main target is ~$55 :
1.272 extension of the 2018 bear market;
3.272 extension of the 1-2 correction;
1.618 extension of the 3-4 correction;
Projection of green raising channel through 1-2-3-4 to end of this year.
(lower targets like ~$30 and ~$17 can be read off the chart directly)
Key support to hold: lower green trend line
Key resistance to break: $8-$11
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$KAWA - Kawakami Inu
It's clear this is a memecoin engineered to target simple minds who are prone to invest in projects with the lowest price per token and hope for it to reach $1. Don't be a fool, #sellyourmemecoins and invest in projects that matter and are not harmful to (the image of) the crypto space as a whole.