3 coins to keep an eye on | Issue #218

BFC has consolidated in a broad range since May 2022. At the start of 2023, the price began rallying from this range's low to its high.

After sweeping bears' stops above the $0.09858 swing high, a bearish daily gap formed. This gap overlaps another daily gap from two days earlier. It could provide resistance as some traders sell the news of Monday's mainnet launch.

Bears' stops above the $0.11012 and $0.12395 swing highs might be bulls' targets if the rally continues. Above these highs, a monthly gap from $0.13242 to $0.14101 offers a potential target.

The swing high and daily gap beginning at $0.07941 could offer the first support. This level is also near the 18 EMA.

If it breaks, a small weekly gap near the November monthly open might offer the following support. Bulls bought near this level before December's stop run.

The weekly chart shows that bulls also accumulated near $0.05918. This level, which overlaps with a daily gap, could provide support and a bearish target.

On January 25th, CCD exploded upwards. It's climbed 113% in the last five days.

Bulls may be aiming for bears' stops above the $0.01544 swing high. Above this high, a weekly gap from $0.01544 to $0.01673 could provide resistance. Tuesday's news could help the price pop above this high, possibly stall as some traders "sell the news."

Bears' stops above swing highs at $0.01934, $0.02117, and $0.02310 may be the following targets if the rally continues. 

The weekly chart shows that bears rejected bulls near $0.02068. This level could provide resistance again. If it breaks, the weekly gap inside a monthly gap near $0.02310 might offer the next resistance.

An area around a daily gap starting at $0.01322 and multiple old swing highs down to $0.01201 may offer support. This area will soon contain the 9 EMA.

If this support breaks, a daily gap at $0.00958 might be the next support. This gap may soon contain the 40 EMA. 

Below this gap, another daily gap at $0.00819 and near the rally's origin could provide sensitivity. However, a drop this low may be aiming for bulls' stops under the January open near $0.00710 and $0.00620.

WEMIX is grinding upward in its range, climbing 163% since its January 8th low.

Bulls are likely targeting bears' stops above the $0.8900 swing high. Support might exist near daily accumulation at $0.8045 until bulls run these stops.

Tuesday's launch could help push the price into these stops. A pause or reversal may follow as some traders sell the news.

Old swing lows overlap with monthly, weekly, and daily gaps between approximately $1.2380 and $0.8350. This area could provide resistance. The weekly gap from $1.1320 to $0.8900 might offer more sensitivity.

The weekly chart shows that distribution took place in early November. This distribution's midpoint, near $1.4620, could offer resistance. Bears also rejected bulls near this level on the weekly chart in mid-November.

Above this level, swing highs at $1.7000 and $1.8630 mark the following bullish targets. Multiple past bearish rejections near $1.8050 could offer resistance.

If bears hold the line, bulls might look for support near $0.5438 and $0.4150. However, bulls' stops under a weekly swing low at $0.3210 might be the downside target if the price drops this low.