• gertvanlagen

$SHA, $SDAO, $XVG, $XEM, $SRM - 19th 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



$SHA - Safe Haven

Before investing in this token have a look at how the new tokens are issued. The SHA token is a VIP-180 token on the VeChainThor blockchain which allows us to make use of the improved performance that VeChain offers. More info. When investing it's important to manage your risk. Tiny assets like SHA have not proven themselves through a bear market. But if a project like this takes off, the sky is the limit, because a 100x brings it at a market cap of only 1.4B. DYOR


Technical analysis:

  • $0.05 1.272 extension of ATH to ATL and 1.618 extension of 2021 high to low;

  • $... way beyond if it's indeed a gem.

Key support to hold: $0.003

Key resistance to break: $0.008-0.01 and ATH


 

$SDAO - SingularityDAO


Tokenomics: link


From the token release schedule it becomes clear that over the coming months the token supply will increase by 7.5M tokens. On a current circulating supply of 27.5M that seems not too much, so it could be the case that the price will run up along with the whole crypto market. Do your own research for what this token will be used. It has bonds with $AGIX so this could be a hidden Cardano gem.


Technical analysis:

There's little price action, so it's hard to tell where price is going. Some technical targets are:

  • $14 1.272 extension of current ATH to ATL.

  • $38 1.618 extension of current ATH to ATL.

Key support to hold: $2 (weekly close > wicks allowed)

Key resistance to break: $2.2-$6



 

$XVG - Verge

Some points why not to invest in Verge: https://youtu.be/UVA7K2Wj-J8

Personally I would not invest in this token because of some reasons in the video above, but DYOR.


Technical analysis:

The chart suggests that price is in the 4-5 wave of this bull run. For this to be confirmed, FIRST the resistance range needs to be broken. Currently a double bottom has formed just below it, so if it blows off it could go fast. Be very careful if it falls below $0.014.


Targets :

  • $0.25

  • $1.2

Key support to hold: $0.014

Key resistance to break: $0.028-0.07

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


 

$XEM - NEM

It's not clear yet if this coin is in the middle of a bull run or forming a bear flag.


Elliott wave targets of 4-5:

  • $1.9 ATH

  • $6.5 1.272 extension of bear market high to bear market low (ABC);

  • ($32) 1.618 extension of bear market high to bear market low (ABC); (300B market cap, unrealistic?)

Key support to hold: $0.11

Key resistance to break: $0.3-$0.7

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


 

$SRM - Serum

Tokenomics

The release schedule of the SRM supply is shown in the figure below. Clearly at the end of 2021 it starts to move up, most of it locked by an Ecosystem Incentive Fund (DYOR). The current circulating supply is only 133M tokens, which is only 1% of the maximum supply. It looks like this might double before end of this year, suppressing price action. It doesn't mean there won't be another leg up, but it won't be as agressive as it could with a stagnant supply. When you like to invest in this project, have a look how the huge stack of SRM in the Ecosystem Incentive Fund will be used and whether it's locked up for a certain amount of time. DYOR is really important for this project.


Technical analysis:

Clearly the price is ranging upward in a channel (white dashed lines). Also a cup and handle pattern ranging from May to now is in play.


Targets

  • $36 1.618 extension of cup;

  • $70 2 extension of cup.

Key support to hold: $6.7 and ultimately lower trendline of channel

Key resistance to break: $7-$9

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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