3 coins to keep an eye on | Issue #79

It's been a rough month of May for ALGO holders, with the price diving almost 36% from the 2020 yearly open to the low at 0.0000198.

However, the lows at 0.00001982 created a strong bullish bounce, the base of which held on the retest. After this double bottom, the price headed up to the pivot area around 0.0000227, also confirming the weekly level at 0.00002193 as support.

The equal lows at the 0.00002193 weekly level give this week's bears a short-term target if traders "sell the news" after the listing. Bulls might want to enter on the pullback, targeting the short stops up to the highs at 0.00002300.

ICX kicked off the year with an over 362% surge, but January's bullish momentum couldn't hold. The price dropped almost to the .236 Fibonacci retracement, sweeping the range low, before climbing back into the range.

A bull flag seems to be forming, which indicates further bullish continuation. Three swing highs rest above, which provide targets to bulls who are anticipating a move toward the middle of the range.

If the BTP release (expected by this Saturday) instead prompts a drop, then bears may want to short signs of weakness, targeting the lows and weekly level around 0.00002820.

After wobbling through an accumulation range since June 2019, THETA finally broke out in a bullish explosion reaching over 356%.

It's unwise to buy blindly into a pump (since nobody can know for certain when the top is in). However, bulls are undoubtedly eyeing the last highs from March 2019 around 0.00004599. 

The May 2018 high is currently providing resistance, just as Mainnet 2.0 is set to release. This makes the monthly levels at 0.00003757 and 0.00003202 or the weekly level at 0.00002392 reasonable targets for aggressive bears, as well as pullback entries for bulls.