3 coins to keep an eye on | Issue #106

Mid-November saw a strong breakout in ETH's price, exploding upward from $488.84 before meeting resistance just below a previous monthly high near $625. Bitcoin's mid-week drop dragged ETH down with it, which retested and confirmed a flip of the last resistance to support.

Traders hoping to join a possible move upward could look for entries near $520, just above the most recent swing low. If resistance near $592 holds during the early part of the week, then a return to this area is likely.

Bulls could set the first target in resistance near $662, with a second target up to the previous highs and resistance near $775.

However, a more savage drop in Bitcoin's price will probably drag ETH down to the previous consolidation range, with $480 and $414 being the next strong supports.

November brought an impressive 70% rally in TRX's price before it encountered resistance below September's swing high, near $0.03966.

Last week's sweep of old highs could lead to a retest of support near the November monthly open, where equal lows make an appealing short-term target for bears. 

A drop into this zone, beginning at $0.02695, could provide an excellent entry for bulls anticipating more upside during a potential altseason. However, if this support fails - perhaps from a bearish turn in Bitcoin - the price could reach as low as the zone near $0.02153.

A first bullish target - made more probable by a reclaim of this week's opening price - is near the lower part of resistance near $0.03349. The next resistance at $0.03966 provides the last barrier before running the old highs near $0.0499.

After blasting through August's significant swing high, it comes as no surprise that ZEN is consolidating at the end of its 330% move. The price is presently chopping through the level formed by February 2020's swing high.

However, bulls quickly bought each drop toward support at $10.72. Another test of this support level, which also shows an inefficient gap on the daily chart, could give bulls a reasonable entry.

More aggressive bulls could anticipate a bounce from the previous swing high at $11.63. However, the next support is far below and near the monthly open - making risk management especially important for recent entries.

Fresh or holding bulls could look for a first target near the current resistance at $18.54. A second target could be the old highs near $23.41, potentially reaching up to the next significant resistance at $28.94.