- gertvanlagen
$DIA, $FTM, $HOT, $TWT, $BCH - 8th 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
$DIA- DIA data
Token supply
In the chart below it is shown when the remaining $DIA tokens will be issued. Be careful around December 21st 2021, because then a vast amount of coins will be minted, seriously suppressing or even collapsing price action.
Technical Analysis
It has a crazy low market cap, so technically this coin can gain some serious upside over the coming months. Currently a double bottom is forming, when it breaks out at $5.75, $18 would be the first stop. Since there is little data I provide a lot of targets, given a break out occurs.
Targets:
$18: 1.618 extension;
$36: 2 extension;
$60: 2.272 extension;
$80: 2.414 extension;
$115: 2.618 extension
beyond.
Key resistance to break: $2.8-3.8
Key support to hold: $0.9
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$FTM - Fantom
This is a fascinating project, really find some YT videos about the extent of this project. The nice thing is that it's final and a lot of big contracts have been signed.
Targets 4-5 Elliott wave:
$6: 3 extension of 3-4;
$33: 3.618 extension of 3-4;
Key support to hold: $0.84
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$HOT - Holochain
A drawback of this project is that it has no maximum supply.
Targets 4-5 Elliott wave:
$0.12: 1.618 extension of 3-4;
$0.26: 2 extension of 3-4;
$0.46: 2.272 extension of 3-4;
$0.62: 2.414 extension of 3-4 AND top of rising channel bull cycle AND 1.618 extension of current bull cycle high to bull cycle low (most likely
Key support to hold: $0.007
Key resistance to break: $0.015-0.022
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$TWT - Trust Wallet Token
Personally I wouldn't invest in a token whose utility is dependent on a single platform. Therefore I don't hold any $BNB, $CRO, $GT, $FTT, etc. It's a personal thing, so I suggest you make your own decision.
Targets 4-5 Elliott wave:
$4: 2 extension of 3-4;
$5.8: 2.272 extension of 3-4 AND 1.272 extension of current bull cycle top to low (0-3);
$9: 2.618 extension of 3-4;
$15: 3 extension of 3-4;
$35: 3.618 extension of 3-4 AND 1.618 extension of 0-3.
Key support to hold: $0.44-0.66
Key resistance to break: $1.4-1.5
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$BCH - Bitcoin Cash
This is simply a hardfork of BTC with a slightly adjusted amount of transactions per block. Wouldn't throw a penny at it.
I will provide a more in-depth review when it manages to break the resistance range 900-1800$.
Key support to hold: yellow trendline
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
