• gertvanlagen

$GALA, $WAVES, $CSPR, $DENT, $WTC - 15th draw October challenge

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


$GALA - Gala Games

Tokenomics

The token suffers from huge supply inflation suppressing demand and hence price. The demand is also dependent on the popularity of the games that will be launched on this platform. Read more.


TA

Did my best to get a full graph in tradingview on the right scale. Technically the project looks strong. Targets from the little data that is available are $0.5 and $3.


Key support to hold: $0.003

Key resistance to break: $0.010


 

$WAVES - Waves

Waves is clearly in a bull market and has started it's 5-wave. Great video of CoinBureau: link.


Targets Elliott wave:

  • $100 at 1.618 extension of 2018-2020 bear market;

  • $335 at 2 extension of 2018-2020 bear market;

Key resistance to break: $33

Key support to hold: $14

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


 

$CSPR - Casper

Casper network is a legit project but very young. Surely one to keep an eye on for the future and scoop up a bag in the next $BTC bear market. More info.


Key resistance to break: $0.25-0.35

Key support to hold: $0.09


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


 

$DENT - Dent

The fundamental analysis of Dent shows that it's a tricky project. I recommend to do your own research on the legitimacy of their use case. Resistance should be broken with high volume and the key support should be respected. These price lines can be used to either get in or out of this coin dependent on the direction it chooses to proceed.


Elliott wave targets:

  • $0.05 1.272 extension of 3-4 countertrend wave;

  • $0.12 1.618 extension of 3-4 countertrend wave;

  • $0.34 2 extension of 3-4 countertrend wave;

Key resistance to break: $0.008 and ATH at $11

Key support to hold: $0.004

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


 

$WTC - Waltonchain

The market cap of this project fell in the 2018-2020 bear market with 99.8%, that's a bad sign. The recovery since then is rather weak and looks very much like a bear flag. Moreover the VWAP acts as heavy resistance, even in the current $BTC bull market. Maybe it manages to come back at $4.9, but I wouldn't throw a penny at it before it breaks some key resistances.


Key resistances to break: $2.4, $4.9, $13.6

Key support to hold: $0.5


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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