• gertvanlagen

$FUN, $ETH, $NEXO - 4th draw October challenge

Updated: Nov 6, 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


$FUN - FUN Token

First of all, I wouldn't trade this coin myself. It has a worrying background and has been rebranded from FunFair token to FUN Token.


The price appreciation since early 2020 shows that a potential bearflag is in play.

This bear flag can be invalidated by flipping the resistance range to support.

Clearly price failed in early 2021 at this resistance zone and later this year again.


Key resistance to break: $0.038-$0.100

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


 

$ETH - Ethereum

Price corrected deeper in the 3-4 countertrend. Targets EOY '21 at are:

  • $8000 at 1.618 extension of I-II correction in 2018;

  • $13000 at 1.786 extension of I-II correction in 2018;

  • $24000 at 2 extension of I-II correction in 2018;

Key support to hold: $3000



 

$NEXO - Nexo

Elliottwave: 1-2 qualifies as a sharp correction and 3-4 as a flat correction.


Targets 4-5 wave:

  • $6.5: 1.414 ext. of 3-4 countertrend wave AND 2.272 extension of 2018 bear market;

  • ~$9: 1.618 ext. of 3-4 countertrend wave AND 2.414 extension of 2018 bear market;

  • $14: 2 extension of 3-4 countertrend wave AND 2.618 extension of 2018 bear market;

  • $30: 2.618 ext. of 3-4 countertrend wave AND 3 extension of 2018 bear market;

Key resistance to break: $2.5-3 (green area)

Key support to hold: $1



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 purely 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 decisions.
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