It's been a mixed start to the day for the majors. Avoiding the day's pivot levels would support a run at the day's major resistance levels.
EOS rallied by 17.20% on Monday. Reversing a 1.60% decline from Sunday, EOS ended the day at $5.8724.
A mixed start to the day saw EOS fall to an early morning intraday low $4.9165 before making a move.
Steering clear of the first major support level at $4.5903, EOS surged to a final hour intraday high $5.9120.
EOS broke through the first major resistance level at $5.4425 and the second major resistance level at $5.8789 before ending the day at $5.872 levels.
At the time of writing, EOS was down by 0.13% to $5.8648. A mixed start to the day saw EOS rise to an early morning high $5.9351 before falling to a low $5.7453.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid the $5.5670 pivot level to support a run at the first major resistance level at $6.2174.
Support from the broader market would be needed, however, for EOS to break back through to $6.00 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 the 23.6% FIB of $6.52 before any pullback. The second major resistance level sits at $6.5625.
Failure to avoid a fall through the $5.5670 would bring the first major support level at $5.2219 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level sits at $4.5715.
First Major Support Level: $5.2219
First Major resistance Level: $6.2174
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen jumped by 16.75% on Monday. Reversing a 2.18% loss from Sunday, Stellar’s Lumen ended the day at $0.4864.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4143 before making a move.
Steering clear of the first major support level at $0.3969, Stellar’s Lumen rallied to a final hour intraday high $0.4865.
Stellar’s Lumen broke through the first major resistance level at $0.4408 and the second major resistance level at $0.4648.
Stellar’s Lumen also broke back through the 38.2% FIB of $0.4373 to end the day at $0.48 levels.
At the time of writing, Stellar’s Lumen was down by 0.91% to $0.4820. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4883 before falling to a low $0.4765.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid a fall through the pivot level at $0.4624 to bring the first major resistance level at $0.5105 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.50 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 the 23.6% FIB of $0.5342 before any pullback. The second major resistance level sits at $0.5346.
Failure to avoid a fall through the $0.4624 pivot would bring the first major support level at $0.4383 and the 38.2% FIB of $0.4373 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 $0.3902.
First Major Support Level: $0.4383
First Major Resistance Level: $0.5105
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX surged by 14.77% on Monday. Reversing a 1.55% decline on Sunday, Tron’s TRX ended the day at $0.1173.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1001 before making a move.
Steering clear of the first major support level at $0.09479, Tron’s TRX rallied to a late intraday high $0.1180.
Tron’s TRX broke through the first major resistance level at $0.1097 and the second major resistance level at $0.1177.
Tron’s TRX also broke through the 38.2% FIB of $0.1167 before falling back to $0.112 levels.
Finding late support, however, Tron’s TRX broke back through the 38.2% FIB to end the day at $0.1173. The second major resistance level at $0.1177 pinned Tron’s TRX back late in the day.
At the time of writing, Tron’s TRX was down by 0.29% to $0.1170. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1187 before falling to a low $0.1152.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall through the 38.2% FIB and the $0.1118 pivot to bring the first major resistance level at $0.1235 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.12 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 $0.1350 levels. The second major resistance level sits at $0.1297.
Failure to avoid a fall through the 38.2% FIB of $0.1167 and the $0.1118 pivot would bring the first major support level at $0.1056 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.10 levels. The second major support level sits at $0.09390.
First Major Support Level: $0.1056
First Major Resistance Level: $0.1235
23.6% FIB Retracement Level: $0.
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
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Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.