EOS
EOS jumped by 10.73% on Wednesday. Following on from a 1.29% gain on Tuesday, EOS ended the day at $4.8025.
A mixed start to the day saw EOS fall to a mid-morning intraday low $4.0153 before making a move.
EOS fell through the first major support level at $4.2161 before rallying to a late intraday high $4.9125.
EOS broke through the days major resistance levels to end the day at $4.80 levels.
In spite of a pullback from $4.90 levels, EOS avoided a fall back through the third major resistance level at $4.7515.
At the time of writing, EOS was up by 0.28% to $4.8160. A mixed start to the day saw EOS fall rise to an early morning high $4.9964 before falling to a low $4.6823.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $4.5768 pivot level to support a run at the first major resistance level at $5.1382.
Support from the broader market would be needed, however, for EOS to break out from this morning’s high $4.9964.
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 $5.50 before any pullback. The second major resistance level sits at $5.4740.
Failure to avoid a fall through the $4.5768 pivot would bring the first major support level at $4.2410 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level sits at $3.6796.
Looking at the Technical Indicators
First Major Support Level: $4.2410
First Major resistance Level: $5.1382
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen
Stellar’s Lumen rose by 1.17% on Wednesday. Reversing a 0.82% fall from Tuesday, Stellar’s Lumen ended the day at $0.4057.
A mixed start to the day saw Stellar’s Lumen fall to a mid-morning intraday low $0.3801 before making a move.
The reversal saw Stellar’s Lumen fall through the first major support level at $0.3938 and the second major support level at $0.3866. Stellar’s Lumen also fell through the 38.2% FIB of $0.3864.
Finding late morning support, Stellar’s Lumen rallied to a late intraday high $0.4062 before easing back.
While falling short of the first major resistance level at $0.4127, Stellar’s Lumen broke back through the 38.2% FIB of $0.3864.
At the time of writing, Stellar’s Lumen was up by 1.36% to $0.4113. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4042 before rising to a high $0.4178.
Stellar’s Lumen broke through the first major resistance level at $0.4146 early on before easing back.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the pivot level at $0.3973 to bring the first major resistance level at $0.4146 back into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.414 levels.
Barring an extended crypto rally, the first major resistance level and morning high $0.4178 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.43 before any pullback. The second major resistance level sits at $0.4234.
Failure to avoid a fall through the $0.3973 pivot would bring the first major support level at $0.3885 and the 38.2% FIB of $0.3864 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.38 levels. The second major support level sits at $0.3712.
Looking at the Technical Indicators
First Major Support Level: $0.3885
First Major Resistance Level: $0.4146
23.6% FIB Retracement Level: $0.3426
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX
Tron’s TRX surged by 39.86% on Wednesday. Following on from a 1.06% gain on Tuesday, Tron’s TRX ended the day at $0.09288.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06674 before making a move.
Steering clear of the first major support level at $0.06380, Tron’s TRX surged to a late intraday high $0.09851.
Tron’s TRX broke through the day’s major resistance levels to wrap up the day at $0.090 levels.
More significantly, the day rally affirmed a bullish trend formation with Wednesday’s swing hi $0.09851.
At the time of writing, Tron’s TRX was down by 7.10% to $0.08628. A mixed start to the day saw Tron’s TRX rise to an early morning high and a new swing hi $0.09435 before falling to a low $0.08502.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX need to avoid a fall back through the pivot level at $0.08604 to bring the first major resistance level at $0.1054 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break through to $0.10 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 $0.12 before any pullback. The second major resistance level sits at $0.1178.
Failure to avoid a fall back through the $0.08604 pivot would bring the 23.6% FIB of $0.7690 and the first major support level at $0.07358 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.06360. The second major support level sits at $0.05427.
Looking at the Technical Indicators
First Major Support Level: $0.07358
First Major Resistance Level: $0.1054
23.6% FIB Retracement Level: $0.0769
38.2% FIB Retracement Level: $0.0636
62% FIB Retracement Level: $0.04200
Please let us know what you think in the comments below
Thanks, Bob
