• gertvanlagen

$EPS, $LINA, $IOTX, $ANKR, $KAVA- 11th draw October challenge

Updated: Oct 25, 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


$EPS - Ellipsis

Ellipsis is an authorized hardfork of Curve Finance ($CRV). In this first year it's supply is being increased by 30%, so price will likely not fly anytime soon. At least for the shortterm it has a bad outlook. I'd rather consider to add $CRV to my portfolio: link.


Key resistance to break: $0.73-0.9 and $6.3-14

Key support to hold: $0.32-$0.44

 

$LINA - Linear

Linear has a very aggressive vesting schedule, it might be a good coin to pick up in the next $BTC bear market but I think there will be a lot of coins outperforming $LINA for the remaining part of this bullrun.

Key resistance to break: $0.05-0.1

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


 

$IOTX - IoTeX

Very bullish setup. Previous ATH has been broken yet and is currently flipped being flipped to support. A huge bullflag has formed on the weekly.


Targets:

  • $0.3 1.272 extension of bear market 2019

  • $1.3 1.618 extension of bear market 2019

  • $6.7 2 extension of bear market 2019

Key support to hold: $0.035

Key resistance to break: $0.09


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


 

$ANKR - Ankr

Solid project, clean Elliott wave in play


Targets:

  • $0.4 1.272extension of 3-4

  • $0.6 1.618 extension of 3-4

  • $1.3 2 extension of 3-4

Key resistance to break: $0.23, ATH

Key support to hold: $0.065

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


 

$KAVA - Kava

A huge rising wedge is in play for $KAVA. Traditionally this is a bearish pattern. However, I feel like there might be a burst to the upside before EOY and a hit of $35, after which a retest of the upper trend line may fail, because $BTC will slip into its next bear market.


Targets:

  • $35 2.618 extension of 2020 bear market

Key resistance to break: upper blue trendline

Key support to hold: lower blue trendline

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.
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