• gertvanlagen

$SOL, $HTML, $KAI, $RMRK, $CELR - 26th 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



$SOL - Solana

Obviously this project is in a huge bull run.


Elliott wave targets 4-5:

  • $400 2.618 extension of 3-4 correction; (likely)

  • $650 3 extension of 3-4 correction; (very possible)

  • $1400 3.618 extension of 3-4 correction; 4.618 extension of 1-2 correction; (possible)

Key support to hold: $130

Key resistance to break: None


 

$HTML - HTMLCOIN

This coin has been around since 2018 and never recovered from the bear marked. Still it is 97% down. As such it looks quite dead to me. For the remainder of this year it might be pulled up along with the alt market as a whole, just like in January. Best time to sell in my opinion when holding.


 

$KAI - KardiaChain

Tokenomics: link

Technical analysis:

This is a project with a very small market cap. It seems legit, but DYOR on such lowcap projects. The chart suggests that the biggest move this bull run has yet to come for $KAI. Targets it may hit can be read directly from the chart below. ($0.24, $0.6, $1.1, $3). The peak will likely be in the close proximity of $BTC's peak, which I expect in the second half of December.


Key support to hold: $0.036

Key resistance to break: $0.13

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


 

$RMRK - RMRK

RMRK.app is a part of Kusama's broader NFT strategy and a way to abuse Kusama's system.remark extrinsic to write custom notes onto the chain in a standardized and structured way. The protocol runs on the Kusama blockchain. Kusama is quite a bullish project so this might be a hidden kusama gem which has just entered the market, but be very careful with such low cap alts.


Tokenomics: Already 95% of the supply is circulating.


Technical analysis: the token has only a few weeks been around. Clearly there is upside potential from the market cap perspective, but there might be a lot of early investors planning on selling. High risk - high reward.


Key support to hold: $6.3

Key resistance to break: $12.2



 

$CELR - Celer Network

This project is clearly in the middle of a huge bullrun. DYOR.


Elliott wave targets of 4-5:

  • $0.55 2 extension of bear market; (very likely)

  • $1.3 2.272 ext. of bear market and channel extension through 1-2-3-4 (main, likely);

  • $2 2.618 extension of bear market; (possible)

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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