3 coins to keep an eye on | Issue #210

APE fell from its consolidation range in early November, dropping over 50%. In mid-November, it began retracing upward toward the origin of this drop.

The price is testing resistance near $4.151. This level is at the high of now-filled weekly and partially filled daily gaps. It's also near the origin of November 5th's stop run and the December monthly open. Traders selling the news of Wednesday's staking launch could help this level to hold as resistance.

If this level breaks, the price may reach distribution on the monthly chart near $4.687. Here, bulls rejected bears slightly above the November monthly open at the midpoint of a now-filled weekly gap.

Bulls might find support near $3.519 at a daily and weekly gap. A break of this level may retest possible support near $2.886, where bulls rejected bears on the daily and weekly charts.

Bears could be aiming for bulls' stops under the $2.618 swing low if these possible supports break. Underneath this low, there is no past price action to suggest support. Rounded price levels and stop run extensions mark approximately $2.500 and $2.000 as prices that could trigger a bounce.

LINK has traded in a range since mid-May. The price recently swept bulls' stops under internal range lows near $5.700, then returned to the middle of the range.

Relative equal highs and relative equal lows frame the range, offering attractive targets to both bears and bulls. While the price is in the middle of its range with targets on both sides, trades in either direction are lower probability. However, Tuesday's staking v0.1 launch could create a "sell the news" event that helps push the price down before any potential rally.

The price is testing possible resistance near $7.783 at the November monthly open. It marks the last distribution before the drop to the range's low in early November. It's also an area where bears rejected bulls on the weekly chart.

If this level breaks, $8.715 may be next. Bears rejected bulls in mid-August near this price. More recently, bears rejected bulls here again on the daily chart.

A break of this level may run bears' stops above relative equal highs at $9.500 into weekly gaps at $9.640 and $10.160.

If the price drops, $6.530 could offer support. Reaching this level would run bulls' stops into a daily gap. It's also where bulls rejected bears in late August before accumulating orders in mid-November.

Bulls' stops under swing lows at $5.528 and $5.300 are the likely targets if this possible support breaks. An unfilled part of a monthly and weekly gap from $5.300 to $4.918 might cause a bounce after the potential stop run.

XRD fell almost 48% after a summer consolidation ending in late October.

The steep drop left multiple levels which could offer resistance. There is no way to know how far the price may bounce. Levels over $0.04531 - the current midpoint of the down move - may offer stronger resistance.

A weekly gap from $0.03783 to $0.041256, which holds the 18 EMA, may offer the first resistance. Running to the midpoint of this gap would run bears' stops above the $0.03783 and $0.03912 daily swing highs.

If this possible resistance breaks, a weekly gap from $0.04309 to $0.04750 may partially or entirely fill. At the bottom of this weekly gap, a daily gap reaches up to $0.04750 and contains the 40 EMA. This confluence could provide stronger resistance.

A small volume imbalance exists above these weekly gaps at 0.04846. This level has a high probability of offering resistance.

Another volume imbalance exists near $0.04960, inside the weekly distribution near $0.04931. This entire distribution could form a bearish setup, with the volume imbalance offering high odds of resistance.

The price is currently bouncing and may form a consolidation range. A daily gap at $0.03590 might support a rally toward bears' stops at the $0.03783 and $0.03912 daily swing highs.

If this possible support breaks, daily accumulation near $0.03435 might form a range low. Since the bias is bearish, it's reasonable to anticipate a run below this support on bulls' stops under $0.03113. Traders selling the news after Thursday's launch might trigger this stop run before a potential return into the range.

No price action exists below this low to suggest support. Rounded prices at $0.0280 and $0.0250 could trigger at least a slight bounce.