FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
Bitcoin, Ethereum, Litecoin Digital cryptocurrencys on a notebook

EOS

EOS fell 6.35% on Sunday. Following on from an 8.49% slide on Saturday, EOS ended the week up by 8.58% to $7.2996.

A bullish start to the day saw EOS rise to an early morning intraday high $7.9496 before hitting reverse.

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Falling short of the first major resistance level at $8.5691 slid to an early morning intraday low $5.7984.

The sell-off saw EOS fall through the first major support level at $7.3032 and the second major support level at $6.8203.

EOS also fell through the 23.6% FIB of $6.52 before finding support.

Steering clear of the third major support level at $5.5544, EOS bounced back to end the day at $7.2 levels.

The partial recovery saw EOS break back through the 23.6% FIB and the second major support level.

At the time of writing, EOS was down by 0.42% to $7.2877. A mixed start to the day saw EOS fall to an early morning low $7.0454 before rising to a high $7.5766.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid the $7.0159 pivot level to support a run at the first major resistance level at $8.2333.

Support from the broader market would be needed, however, for EOS to break back through to $8.00 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $9.00 before any pullback. The second major resistance level sits at $9.1671.

A fall through the $7.0159 pivot would bring the 23.6% FIB of $6.52 and the first major support level at $6.0821 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $4.8647.

Looking at the Technical Indicators

First Major Support Level: $6.0821

First Major resistance Level: $8.2333

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Advertisement

Stellar’s Lumen

Stellar’s Lumen slid by 7.83% on Sunday. Following on from a 3.03% loss on Saturday, Stellar’s Lumen ended the week down by 6.52% to $0.5460.

A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.6014 before hitting reverse.

Falling short of the first major resistance level at $0.6275, Stellar’s Lumen slid to an early morning intraday low $0.4590.

Stellar’s Lumen fell through the day’s major support levels and through the 23.6% FIB of $0.5342.

Finding support in the afternoon, Stellar’s Lumen bounced back to end the day at $0.54 levels.

The partial recovery saw Stellar’s Lumen break back through the third major support level at $0.5017 and the 23.6% FIB of $0.5342.

At the time of writing, Stellar’s Lumen was up by 0.79% to $0.5503. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5362 before rising to a high $0.5623.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid the pivot level at $0.5355 and the 23.6% FIB to bring the first major resistance level at $0.6119 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.60 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.65. The second major resistance level sits at $0.6778.

A fall through the $0.5355 pivot and the 23.6% FIB of $0.5342 would bring the first major support level at $0.4695 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.40 levels. the second major support level sits at $0.3931.

Looking at the Technical Indicators

First Major Support Level: $0.4695

First Major Resistance Level: $0.6119

23.6% FIB Retracement Level: $0.5342

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX slid by 7.72% on Sunday. Following on from a 3.42% decline from Saturday, Tron’s TRX ended the week up by 17.91% to $0.1435.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1577 before hitting reverse.

Falling short of the first major resistance level at $0.1739, Tron’s TRX slid to an early morning intraday low $0.1206.

Tron’s TRX fell through the first major support level at $0.1446 and the second major support level at $0.1338.

The sell-off also saw Tron’s TRX slide through the 23.6% FIB of $0.1426 before finding support.

Through the afternoon, Tron’s TRX broke back through the major support levels and the 23.6% FIB to visit $0.145 levels.

A bearish end to the day, however, saw Tron’s TRX fall back through the first major support level at $0.1446 to end the day at sub-$0.144 levels.

At the time of writing, Tron’s TRX was up by 1.29% to $0.1454. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1379 before rising to a high $0.1497.

While leaving the major support and resistance levels untested early on, Tron’s TRX briefly fell through the 23.6% FIB.

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the 23.6% FIB and the $0.1406 pivot to bring the first major resistance level at $0.1606 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.15 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.17 before any pullback. The second major resistance level sits at $0.1777.

A fall back through the 23.6% FIB of $0.1426 and the $0.1406 pivot would bring the first major support level at $0.1235 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of the second major support level at $0.1035. The 38.2% FIB of $0.1167 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1235

First Major Resistance Level: $0.1606

23.6% FIB Retracement Level: $0.1426

38.2% FIB Retracement Level: $0.1167

62% FIB Retracement Level: $0.0748

Please let us know what you think in the comments below

Thanks, Bob

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker