It's a mixed start to the day for the majors. Steering clear of the day's pivot levels would support a bullish day ahead, however.
EOS jumped by 16.22% on Sunday. Reversing a 13.44% slide from Saturday, EOS ended the week up by 53.11% to $6.2869.
A mixed start to the day saw EOS fall to an early morning intraday low $5.3241 before making a move.
Steering clear of the first major support level at $4.9039, EOS rallied to a final hour intraday high $6.3157 before easing back.
EOS broke through the first major resistance level at $6.2301 to end the week at $6.28 levels.
At the time of writing, EOS was down by 0.32% to $6.2666. A mixed start to the day saw EOS fall rise to an early morning high $6.4295 before falling to a low $6.2265.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall through the $5.9756 pivot level to support a run at the 23.6% FIB of $6.52 and the first major resistance level at $6.6270.
Support from the broader market would be needed, however, for EOS to break through to $6.50 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 $7.00 before any pullback. The second major resistance level sits at $6.9672.
Failure to avoid a fall through the $5.9756 pivot would bring the first major support level at $5.6354 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level sits at $4.9840.
First Major Support Level: $5.6354
First Major resistance Level: $6.6270
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 4.87% on Sunday. Partially reversing a 6.95% slide from Saturday, Stellar’s Lumen ended the week up by 7.77% to $0.4284.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4026 before making a move.
Steering clear of the first major support level at $0.3908, Stellar’s Lumen rallied to a late intraday high $0.4347.
Falling short of the first major resistance level at $0.4424, Stellar’s Lumen slipped back to end the day at sub-$0.43 levels.
At the time of writing, Stellar’s Lumen was down by 0.46% to $0.4264. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4352 before falling to a low $0.4256.
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 $0.4219 to bring the first major resistance level at $0.4412 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.44 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 $0.46 before any pullback. The second major resistance level sits at $0.4540.
Failure to avoid a fall through the $0.4219 pivot would bring the first major support level at $0.4091 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.3898.
First Major Support Level: $0.4091
First Major Resistance Level: $0.4412
23.6% FIB Retracement Level: $0.3426
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX surged by 26.24% on Sunday. Following on from a 9.74% rally on Saturday, Tron’s TRX ended the week up by 98.7% to $0.1275.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09947 before making a move.
Steering clear of the first major support level at $0.08868, Tron’s TRX surged to a final hour intraday high and a new swing hi $0.1289.
Tron’s TRX broke through the first major resistance level at $0.1135 and the second major resistance level at $0.1253 to end the day at $0.1275 levels.
At the time of writing, Tron’s TRX was up by 5.98% to $0.1351. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1270 before rallying to a new swing hi $0.1398.
Tron’s TRX broke through the first major resistance level at $0.1378 early on before easing back.
Tron’s TRX need to avoid a fall through the pivot level at $0.1186 to bring the first major resistance level at $0.1378 back into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.137 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.14 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at $0.15 before any pullback. The second major resistance level sits at $0.1481.
Failure to avoid a fall through the $0.1186 pivot would bring the first major support level at $0.1084 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.08919. The 23.6% FIB of $0.1002 should limit the downside.
First Major Support Level: $0.1084
First Major Resistance Level: $0.1378
23.6% FIB Retracement Level: $0.1002
38.2% FIB Retracement Level: $0.0824
62% FIB Retracement Level: $0.0536
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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.