• gertvanlagen

$RSR, $LUNA, $TRIAS, $SLP, $HNT - 18 draw October challenge

Updated: Oct 24, 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



$RSR - Reserve Rights

The release schedule is not very clear to me. Currently 13.16B $RSR tokens are in circulation. When the remaining tokens exactly will be issued is not clear from here: https://reserve.org/protocol/rsr_release_schedule/. Keep an eye on this if you're holding $RSR. If you know more about the issuance of the remaining 87% of the total supply, please let me know in the comment section below.


Elliott wave targets 4-5:


  • $0.26 3.618 extension of bear market and 1.618 extension of 3-4 correction;

  • $0.4 4 extension of bear market and 2.272 extension of 3-4 correction;

Key support to hold: Lower green trend line of raising channel

Key resistance to break: VWAP(yellow line) and range $0.5-$0.75


 

$LUNA - Terra

Clearly this project is in a big bull run. Luna is Latin for moon and Terra is Latin for earth. So let's see if it will moon.


Elliott wave targets 4-5:

  • $325 3 extension of bear market; (highly likely)

  • $650 4 extension of bear market AND extension of channel through 2-3-4; (likely)

  • $1660 4.618 extension of bear market; (unlikely)

Key support to hold: $24, lower green trend line

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.

 

$TRIAS - Trias Token

Tokenomics:

In the remainder of this year about 10% of the the total supply will be released. This might have little effect on price action. The market capitalization of this coin is very low so the potential upside is insane.


The project looks like it might become huge as it aims to "define a new-generation all-platform-supported public chain system. Trustworthy and Reliable Intelligent Autonomous Systems make people trust in machines." DYOR on their elaborate website. Never bet all your money on a single project, but holding a bag of this token can be potentially life-changing.


Nice coverage of this token: link.


Elliottwave analysis:

The chart suggests only the 1-2 of an impulse wave has been formed. If that's the case the biggest move is yet to come for this token. A scenario for this would be a 100X to a market cap of only 1.4B.


Targets for 2-3-4-5 wave:

  • $160 1.618 extension of 1-2 countertrend wave; (MC = 1B)

  • $430 2 extension of 1-2 countertrend wave; (MC = 2.6B)

  • ~$900 2.272 extension of 1-2 correction and 3.272 extension of March bear market; (MC = 5.4B)

  • ~$2100 3.618 extension of bear market and 2.618 extension of 1-2 correction wave. (MC = 12.6B)

Key support to hold: $6.7

Key resistance to break: $12-19

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


 

$SLP - Smooth Love Potion

This is a dead coin: https://www.coinopsy.com/dead-coins/smooth-love-potion/

More info: https://youtu.be/kj2f6Xx_LXU


 

$HNT - Helium

This project is clearly in the middle of a huge bull run.


Elliott wave targets of 4-5:

  • $200 3.618 extension of 3-4 correction and 5.618 extension of 1-2 correction;

  • other The lines below it can act as temporary resistance/support.

Key support to hold: lower trend line of green channel (~$18)

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.


 
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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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