• gertvanlagen

$NULS, $HT, $ARPA, $INJ, $DOGE- 23rd 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



$NULS - Nuls

This token has been around since 2018, and lost 99.9% of it's value in the 2018-2020 bear market and has a very tiny market capitalization. This could be a 1-2 correction but also a sign that the project is 'dead', because the current mark-up could be a dead-cat bounce. Price got rejected at the key resistance zone earlier this year. I would not enter this project before this resistance has been broken.


Key support to hold: Green rising trend line

Key resistance to break: $1.6-$3.3

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


 

$HT - Huobi Token

This token is clearly in the midst of a big bull run. Exchange tokens have always utility but is heavily dependent on the popularity of the exchange. That's the main reason why I personally do not hold any of it (BNB, GT, FTT, etc.).


Main Elliott wave target is $65:

  • 2.272 extension of I-II correction;

  • 1.272 extension of 3-4 correction;

  • Extension of channel through I-II-2-3-4

Key support to hold: lower green trendline

Key resistance to break: $8.5-26, ATH


When the main target is met, I expect price to retrace to the lower side of the channel but remain above $6: III-IV > I

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

 

$ARPA - ARPA Chain

This project is clearly in a huge bull run and might continue explosively due to it's low market cap. DYOR. On the chart I sketched a scenario which can very well play out if this token does not get a moonshot. It's hard to say where a token with such a micro cap ends up, that's why you need to keep tracking it when holding.


Elliott wave analysis targets:

  • $0.4 1.618 extension of bear market; (very likely)

  • $1.2 2 extension of bear market; (likely)

  • $2.6 2.272 extension of bear market; (possible)

  • $7 2.618 extension of bear market; (unlikely)

  • $22 3 extension of bear market; (very unlikely)

  • $140 3.618 extension of bear market; (highly unlikely)

Key support to hold: lower green trend line, $0.14

Key resistance to break: None

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


 

$INJ - Injective Protocol

This utility token for NFTs has seen crazy gains over the current bull run so far. Will it continue? DYOR.


Elliott wave analysis targets:

  • $80 1.618 extension of 3-4 correction;

  • $155 2 extension of 3-4 correction;

  • $250 2.272 extension of 3-4 correction, extension of channel through 2-3-4;

Key support to hold: lower green trend line

Key resistance to break: $14-$19


NOTE: the 3-4 wave and start of the 4-5 wave have formed an inverse head and shoulder pattern with a target at ~$80

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


 

$DOGE - Dogecoin

Don't be a fool, #sellyourmemecoins and invest in projects that matter and are not harmful to (the image of) the crypto space as a whole. This coin does not have a maximum supply and is a bubble that will eventually pop.



 
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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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