• gertvanlagen

$TLM, $FTT, $GT - 2nd draw October challenge

Updated: Oct 7, 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.

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$TLM - Trilium ~ Alien Worlds Token

Since its Binance listing the token lost 99% of its value. To show that its not a shitcoin it has to break the LTF resistance zone ($0.2-$0.28) on the shortterm and the HTF resistance zone ($1.3-$3) on the longterm and flip these zone to support. If it does that before december, it could break it's ATH before end of year. If it fails to break the HTF resistance zone it might end up in a multi-year bear market in which it corrects deeper than it's current low at $0.06.


Key support to hold: $0.1-$0.13


Background information

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


 

$FTT - FTX token

Elliottwave: 1-2 qualifies as a sharp correction and 3-4 as a flat correction.


Targets:

  • Breaking $65 confirmed 4-5 wave is in;

  • $207: 2 extension of 3-4 countertrend wave AND 1.272 extension of 2-3 impulse;

  • ~$400: 2.618 extension of 3-4 countertrend wave AND 1.414 extension of 2-3 impulse;

  • $870: 3.272 extension of 3-4 countertrend wave AND 1.618 extension of 2018 bear market;

Key support to hold: $42-51

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


 

$GT

Elliottwave: 1-2 qualifies as a flat correction and 3-4 as a sharp correction.


Breaking $5.6-6.8 with volume and ultimately breaking ATH at $13.6 will confirm 4-5 wave is in;


Targets potential 4-5 wave:

  • $17: 1.618 extension of 3-4 countertrend wave AND 3.618 extension of '19-'20 bear market;

  • $25.5: 4 extension of 3-4 countertrend wave AND 2 extension of '19-'20 bear market;

  • $50: 4.618 extension of 3-4 countertrend wave AND 2.618 extension of '19-'20 bear market;

Key support to hold: $3

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


 




DISCLAIMER: The targets that I identify are purely 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 decisions.
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