gertvanlagen
- Oct 23, 2021
- 2 min read

$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)