It's a mixed start to the day for the majors. A move back through early morning highs would support a breakout on the day.
EOS rallied by 7.04% on Sunday. Reversing a 2.94% loss from Saturday, EOS ended the week up by 17.49% to $3.4429.
A mixed start to the day saw EOS fall to an early morning intraday low $3.0290 before making a move.
EOS fell through the first major support level at $3.1009 before striking to an early afternoon intraday high $3.6010.
The rally saw EOS broke through the first major resistance level at $3.3424 and the second major resistance level at $3.4675.
Hitting reverse mid-afternoon, however, EOS fell back through the resistance levels to sub-$3.30 levels.
Finding late support, however, EOS broke back through the first major resistance level to end the day at $3.44 levels.
At the time of writing, EOS was down by 0.95% to $3.4100. A mixed start to the day saw EOS rise to an early morning high $3.4902 before falling to a low $3.3878.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall through the $3.3576 pivot level to support a run at the first major resistance level at $3.6863.
Support from the broader market would be needed, however, for EOS to break back through to $3.60 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $3.70 would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $4.00. The second major resistance level sits at $3.9296.
Failure to avoid a fall through the pivot level at $3.3576 would bring the first major support level at $3.1143 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level sits at $2.7856.
First Major Support Level: $3.1143
First Major resistance Level: 3.6863
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose 1.92% on Sunday. Following on from 7.29% rally on Saturday, Stellar’s Lumen ended the week up by 25.5% to $0.3859.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3635 before making a move.
Steering clear of the first major support level at $0.3442, Stellar’s Lumen rallied to an early afternoon intraday high $0.4234.
Stellar’s Lumen broke through the first major resistance level at $0.4053 before sliding back to $0.36 levels.
Finding late afternoon support, however, Stellar’s Lumen recovered to $0.38 levels to deliver the upside on the day.
At the time of writing, Stellar’s Lumen was up by 0.13% to $0.3864. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3812 before striking a high $0.3980.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move back through the $0.3909 pivot to bring the first major resistance level at $0.4184 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.41 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.42 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4508.
Failure to move back through the $0.3909 pivot would bring the first major support level at $0.3585 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.35 levels. The second major support level sits at $0.3310.
First Major Support Level: $0.3585
First Major Resistance Level: $0.4184
23.6% FIB Retracement Level: $0.3426
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX rose by 1.13% on Sunday. Partially reversing a 2.86% loss from Saturday, Tron’s TRX ended the week up by 13.64% to $0.03575.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.03799 before making a move.
Steering clear of the first major support level at $0.0332, Tron’s TRX rose to an early afternoon intraday high $0.03799.
Tron’s TRX broke through the first major resistance level at $0.03502 before a slide back to $0.034 levels.
Finding late support, however, Tron’s TRX broke back through the first major resistance level to end the day at $0.0357 levels.
At the time of writing, Tron’s TRX was down by 0.82% to $0.03604. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03681 before falling to a low $0.03562.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX need to avoid a fall back through the $0.03584 pivot to bring the first major resistance level at $0.03790 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.037 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.03799 would likely cap any upside.
In the event of an extended rally Tron’s TRX could resistance at $0.040 before any pullback. The second major resistance level sits at $0.04004.
Failure to avoid a fall back through the $0.03584 pivot would bring the first major support level at $0.03370 into play.
Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.033 levels. The second major support level sits at $0.03164.
First Major Support Level: $0.03370
First Major Resistance Level: $0.03790
23.6% FIB Retracement Level: $0.03211
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
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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.