• 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.



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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