Markets
3 coins to keep an eye (coinmarketcup)
| CARV (CARV)Price $0.729500 (-10.98 %) ฿0.00000802 (-7.43 %)Market cap $126 149 101 ฿1 385.22Volume (24h) $10 918 895 ฿119.97Supply 1 000 000 000 (Max) 172 427 649 (Available) |
| CARV is testing its November to present range’s low.The price is moving aggressively toward bulls’ stops under November 5th’s swing low at $0.7213 and November 2nd’s swing low at $0.7039. Traders “selling the news” of Monday’s testnet could help push the price into these stops.Under the latter of these lows, the unfilled part of October 13th’s bullish daily gap might provide support. Near the bottom of this gap, October 10th’s swing high at $0.6503 may offer more sensitivity.If the price breaks below this gap’s low, it could find support near October 11th’s daily open at $0.5660. Bulls accumulated throughout this day before staging an explosive rally during the next two days.A rally might find resistance near $0.78848, where a bearish four-hour gap formed on Sunday as the price swept bulls’ stops under January 8th’s swing low at $0.8075 and December 20th’s swing low at $0.7855.Above this resistance, December 19th’s bullish daily rejection at $0.8278 may offer the following line of resistance. December 31st’s bullish daily rejection and January 9th’s bearish daily distribution add confluence to this level. |
| Cobak (CBK)Price $0.797405 (-10.03 %) ฿0.00000876 (-6.44 %)Market cap $71 976 117 ฿790.76Volume (24h) $918 482 ฿10.09Supply 100 000 000 (Max) 90 254 145 (Available) |
| CBK has retraced to the origin of last week’s 160% rally.The price is testing January 7th’s daily candle at $0.8150 for support, where accumulation happened before the rally. December 16th’s weekly accumulation and the 40 EMA add confluence to this level.If this support breaks – perhaps encouraged by traders unloading after Monday’s updates – bulls’ stops under January 8th’s swing low at $0.6805 and December 27th’s swing low at $0.6593 could be the following targets. The price might find support near these lows, which are confluent with December 16th’s bullish weekly rejection at $0.6867 and the upper half of the week’s candle tail.Any bounces may struggle with resistance inside a four-hour gap formed on January 12th, beginning at $0.8346. It’s reasonable for the price to reach slightly above this gap’s high to test for supply near the midpoint of the preceding four-hour candle body near $0.8923.A rally through this resistance could reach for January 11th’s bearish daily gap at $0.9618. This gap has confluence with January 9th’s now-filled bullish daily gap and bulls’ stops above a four-hour swing high formed on January 11th. |
| aelf (ELF)Price $0.436146 (-9.03 %) ฿0.00000479 (-5.41 %)Market cap $321 362 402 ฿3 529.09Volume (24h) $15 394 816 ฿169.15Supply 996 447 251 (Max) 736 440 418 (Available) |
| ELF is breaking toward bulls’ stops under December 26th’s swing low at $0.4264 as traders sell with the approaching V1.12.0 upgrade.Before the price reaches this low, bulls could defend their stops between $0.4404 and $0.4243. This level, approximately at the midpoint of December 16th’s long weekly candle tail, has confluence with multiple bullish rejections on December 21st, December 26th, and December 31st.A failure of this support might lead to an attack on bulls’ stops under December 20th’s daily swing low at $0.4044. Under this low, the upper half of October 21st’s and October 28th’s weekly candles – from $0.3951 to $0.3643 – may offer support. This range saw accumulation before November’s rally.If bulls regain control, January 10th’s bullish rejection at $0.4663 could offer the first significant resistance. This level is confluent with the 9, 18, and 50 EMAs and bears distributed above this price for two days before the current crash.Bears’ stops above January 12th’s swing high at $0.4877 and January 9th’s swing high at $0.4935 might be the target if this resistance breaks. Bordering January 9th’s high, January 6th’s daily distribution may create resistance. The zone between this day’s open at $0.5082 and close at $0.5129 may offer the most substantial resistance. |
