- gertvanlagen
$LTO, $OMI, $ETC, $DODO, $VRA- 10th 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
$LTO - LTO Network
The project has good ratings, real world use cases and reviews and looks bullish. It has a crazy low market cap so the sky is the limit. More info.
Selling in December this year might be a good strategy, as their token supply will increase with ~10% suppressing price action in that month.
Targets 4-5 Elliott wave:
$2.3: 2 extension of '19 bear market;
$10: 2.618 extension of '19 bear market;
$25: 3 extension of '19 bear market.
Key support to hold: $0.13 <- previous resistance zone
Key resistance to break: $1, ATH
Note how well the VWAP acted as resistance during the ABC bear market (white), and now is flipped to support. (blue line)
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$OMI - ECOMI
Coins with such a huge maximum supply are suspicious. The reason is that this yields a penny stock which attract gamblers. Enlighten me in the comment section if and why I'm wrong.
Don't buy it:
$ETC - Ethereum Classic
In-depth review of the Coin Bureau: link
Target 4-5 Elliott wave is $470-500 (after breaking ATH):
3.618 Fibonacci extension of bear market high to low;
Top of green rising channel;
Key support to hold: $48
Key resistance to break: ATH at $200
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$DODO - DODO
This DEX got hacked back in March this year and millions were stolen: link
Initially it looked like the coin would hold up, but a few weeks later the key support between $1.3-3 failed and $DODO lost 90+% of its value. Trust is key in the financial world. Wouldn't buy it before it gives a sign of strength by flipping the resistance range to support.
Key support to hold: $0.75
Key resistance to break: $1.3-3
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.
$VRA - Verasity
This is a solid project with a unique creative use case and a very low market cap.
Targets:
$0.1 1.272 extension of (III) - (IV) 4 extension of (I)-(II)
$0.2 1.618 extension of (III) - (IV) 4.618 extension of (I)-(II)
$0.4 2 extension of (III) - (IV) 5 extension of (I)-(II)
$1.4 2.618 extension of (III) - (IV) 6 extension of (I)-(II)
Key resistance to break: $0.055, ATH
Key support to hold: $0.025-0.035
Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.