EOS
EOS rose by 3.42% on Monday. Following a 1.12% gain on Sunday, EOS ended the day at $5.6021.
A mixed start to the day saw fall to an early morning intraday low $5.3690 before making a move.
Steering clear of the first major support level at $5.2389, EOS rallied to a late morning intraday high $5.7033.
Coming up against the first major resistance level at $5.5711, EOS fell back to $5.50 levels before finding late support.
At the time of writing, EOS was down by 2.23% to $5.4782. A mixed start to the day saw EOS rise to an early morning high $5.6608 before falling to a low $5.4259.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $5.5581 pivot to bring the first major resistance level at $5.7473 into play.
Support from the broader market would be needed to break out Monday’s high $5.7033.
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 $5.90 before any pullback. The second major resistance level sits at $5.8924.
Failure to back through the $5.5581 pivot would bring the first major support level at $5.4130 into play.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $5.2238
Looking at the Technical Indicators
First Major Support Level: $5.4130
First Major resistance Level: 5.7473
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 1.74% on Monday. Following a 0.27% gain on Sunday, Stellar’s Lumen ended the day at $0.3791.
A mixed start to the day saw Stellar’s Lumen fall to an early intraday morning low $0.3702 before making a move.
Steering clear of the first major support level at $0.3596, Stellar’s Lumen rallied to a late morning intraday high $0.3878.
Coming up against the first major resistance level at $0.3877, Stellar’s Lumen fell back to sub-$0.3720 levels before finding support.
At the time of writing, Stellar’s Lumen was down by 1.99% to $0.3752. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3806 before falling to a low $0.3697.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through the $0.3790 pivot to bring the first major resistance level at $0.3879 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.3850 levels.
Barring an extended rally, the first major resistance level and Monday’s high at $0.3878 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.3966.
Failure to move back through the $0.3790 pivot would bring the first major support level at $0.3703 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear sub-$0.35 levels. The second major support level at $0.3614 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3703
First Major Resistance Level: $0.3879
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX rose by 2.76% on Monday. Reversing a 0.84% loss from Sunday, Tron’s TRX ended the day at $0.09015.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08747 before making a move.
Steering clear of the first major support level at $0.08548, Tron’s TRX rose to a late morning intraday high $0.09179.
Tron’s TRX broke through the first major resistance level at $0.09022 before easing back to sub-$0.090 levels.
Finding late support, however, Tron’s TRX broke back through to $0.090 levels to deliver the upside on the day.
At the time of writing, Tron’s TRX was down by 1.83% to $0.08850. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09095 before falling to a low $0.08832.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.08980 pivot to bring the first major resistance level at $0.09214 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.090 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 $0.095 before any pullback. The second major resistance level sits at $0.09412.
Failure to move back through the $0.08980 pivot would bring the first major support level at $0.08782 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.085 levels. The second major support level at $0.08548 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.08782
First Major Resistance Level: $0.09214
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
