3 coins to keep an eye on | Issue #98

After a meteoric 245% rise in July alone, ATOM has almost fully retraced and could form a reversal.

The bullish trendline, consolidation area, and 62% fib retracement converge near a former price inefficiency near $4.256. This level provided support - and also provided the base to what many traders may view as a potential inverse head and shoulders pattern reversal.

Bulls might take positions in the current area or on a pullback toward the previous week's low. Targets include a previous week's high and probable resistance levels up to $6.978.

Bears could enter near the bearish trendline and a previous week's high near $5.596. Targets range from the previous weekly low down to price inefficiency near $4.304.

REN's chart tells a similar story to ATOM as late-summer bears claw back the bulls' gains.

However, the bulls found enough strength near the previous yearly high at $0.1549 to create a reversal. A retracement from resistance near $0.2833 could give both bulls and bears an entry.

Probable support near $0.2451 could offer bulls an entry this week. Targets include the previous weekly highs near $0.3206 and potentially beyond to the highs at $0.36.

Bears planning to sell Tuesday's news could enter at the current region while targeting the previous weekly lows at $0.1976 and swing lows at $0.1590.

ZIL spent the summer consolidating in a massive 100% range and is now swinging toward the range's upper boundary.

After dipping below the lows at near $0.0146, the price began stair-stepping upwards. Bulls found support near $0.0167 and $0.0184 before crossing the previous year's opening level.

Incoming bulls could enter near $.0192, where structures from the yearly open and September's price structures mark probable support. Targets range from the previous swing high near $0.0246 to last year's highs at $0.0278.

Bears could enter on weakness near previous weekly and monthly highs around $0.0235. Probable targets include monthly and weekly lows near $0.0128 and $0.0148.