FIRST COIN: FLOW
FLOW began trading in the lower half of its range in March. The price shows no clear signs of its next direction.
Last week, the price swept bulls' stops under a swing low at $0.896. This low is near the midpoint of March 6th's weekly wick and rebalanced daily gaps from March 9th to March 12th. These factors could help this level to hold as support.
If the price does bounce from this level, bulls might take some profits between $0.976 and $1.019. This area saw consolidation before mid-April's run on bears' stops and the following crash.
It also has confluence with the April monthly open, an unfilled daily gap, and the 40 EMA. Wednesday's upgrade may prompt a spike into this level before a possible retracement.
A break through this resistance could reach a region between $1.068 and $1.112. On the weekly chart, bears rejected bulls twice in this zone. It also contains bears' stops above the $1.080 weekly swing high and a revisited daily gap from March 3rd.
Should bulls fail to hold the current support, their stops under the $0.814 swing low might be the next downside target.
The weekly chart shows an unfilled gap under this low, near the origin of January's rally. This gap may create a bullish setup or act as a speedbump for the price if it gravitates toward bulls' stops under December's low at $0.638.
SECOND COIN: ULTRA
UOS exploded 122% upward since March - followed by a sharp 31% retracement toward bulls' stops under April 12th's swing low at $0.28614.
The price traded below the midpoint of April 11th's accumulation, increasing the odds of a run under this low. Tuesday's launch could catalyze this run as traders "sell the news."
If this stop run occurs, the weekly gap under this low from $0.28614 to $0.25290 might pause or reverse the down-move. February 23rd's daily consolidation between $0.26748 and $0.23377 may offer more sensitivity.
However, bulls' stops under swing lows at $0.22932 and $0.20650 offer appealing targets to bears.
Bulls could find resistance at April 19th's daily gap from $0.34421 to $0.36100. Inside this gap, bears rejected bulls at $0.35116, which might offer more sensitivity. It has confluence with August's monthly bearish rejection of bulls.
If the price breaks through this resistance, it may draw toward bears' stops over relatively equal swing highs near $0.41171. This level is near the midpoint of September 5th's broad weekly distribution and April 10th's weekly bearish rejection of bulls.
THIRD COIN: ZIL
ZIL is struggling to leave the range it has traded in since November. The price is compressing near the top of this range, creating multiple sets of relatively equal highs. Bears' stops clustered near these highs offer an appealing target to bulls.
If the price continues grinding higher along its bullish trendline, it could find near-term support near $0.03147. Bulls accumulated on the daily chart near this level, which has confluence with the March monthly open and 18 and 40 EMAs.
Just above, the price is finding resistance near $0.03283. A daily gap at $0.03351 provides more sensitivity. Bears rejected bulls on the weekly chart at this level during the week of February 20th.
If this resistance breaks, the price might run bears' stops above the relative equal swing highs. If so, a weekly gap at $0.04143 may see profit taking.
Although relatively equal highs above offer a strong bullish draw for the price, bulls' stops along the clean trendline below also create a strong draw lower for at least a stop run.
Tuesday's release could provide a catalyst for a stop run either way. There are no clear hints yet as to which direction.
If bears take control, the price might aim for bulls' stops under weekly swing lows at $0.02826, $0.02521, and possibly as low as $0.02128.
Higher-odds support may exist in a broad area between $0.02497 and $0.02015. Consolidation took place here before January's rally. It holds a revisited weekly gap from January 9th, January's monthly gap, and December's accumulation.
