After a choppy end to the week, the majors will need to avoid Sunday's lows to avoid a start to the week sell-off.
EOS rose by 1.11% on Sunday. Partially reversing a 1.58% decline from Saturday, EOS ended the week down by 6.48% to $5.0656.
A mixed start to the day saw EOS rise to an early morning intraday high $5.2848 before hitting reverse.
EOS broke through the first major resistance level at $5.1172 before sliding to a mid-afternoon intraday low $4.9796.
Steering clear of the first major support level at $4.8944, however, EOS revisited $5.15 levels before easing back,
At the time of writing, EOS was down by 0.67% to $5.0317. A mixed start to the day saw EOS rise to an early morning high $5.0805 before falling to a low $5.0162.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $5.1100 pivot to bring the first major resistance level at $5.2404 into play.
Support from the broader market would be needed to break back through to $5.20 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $5.2848 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 $5.4152.
Failure to move through the $5.1100 pivot would bring the first major support level at $4.9352 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.80 levels. The second major support level at $4.8048 should limit the downside.
First Major Support Level: $4.9352
First Major resistance Level: $5.2404
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen fell by 1.32% on Sunday. Following a 2.58% decline on Saturday, Stellar’s Lumen ended the week down by 7.91% to $0.3433.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3536 before hitting reverse.
Falling short of the first major resistance level at $0.3577, Stellar’s Lumen fell to an early morning intraday low $0.3412.
Steering clear of the first major support level at $0.3405, however, Stellar’s Lumen revisited $0.35 levels before easing back.
At the time of writing, Stellar’s Lumen was up by 0.47% to $0.3449. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3421 before rising to a high $0.3450.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through the $0.3460 pivot to bring the first major resistance level at $0.3509 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.35 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.3536 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.36 before any pullback. The second major resistance level sits at $0.3584.
Failure to move through the $0.3460 pivot would bring the 23.6% FIB of $0.3402 and the first major support level at $0.3385 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3336.
First Major Support Level: $0.3385
First Major Resistance Level: $0.3509
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX fell by 0.25% on Sunday. Following a 0.79% gain on Saturday, Tron’s TRX ended the week up by 0.68% to $0.08833.
A mixed start to the day saw Tron’s TRX rally to an early morning intraday high $0.09064 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.08969 before falling to an early morning intraday low $0.08661.
Tron’s TRX fell through the first major support level at $0.08677 before revisiting $0.090 levels.
After a choppy second half of the day, Tron’s TRX recovered from a second fall to $0.086 levels to end the day at $0.088 levels.
At the time of writing, Tron’s TRX was up by 0.28% to $0.08858. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08797 before rising to a high $0.08900.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall back through the $0.08853 pivot to bring the first major resistance level at $0.09044 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 and Sunday’s high $0.09064 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 $0.09256.
A fall back through the $0.08853 pivot would bring the first major support level at $0.08641 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.085 levels. The second major support level sits at $0.08450.
First Major Support Level: $0.08641
First Major Resistance Level: $0.09044
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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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.