It's a mixed start to the day for the majors. Failure to move back through the early morning highs would test support support levels.
EOS rallied by 6.70% on Wednesday. Reversing a 2.84% fall from Tuesday, EOS ended the day at $2.7708.
A mixed start to the day saw EOS slide to an early morning intraday low $2.5054 before making a move.
Steering clear of the first major support level at $2.4678, EOS rose to a late intraday high $2.8199.
EOS broke through the first major resistance level at $2.7555 to wrap up the day at $2.77 levels.
At the time of writing, EOS was down by 0.36% to $2.7610. A mixed start to the day saw EOS rise to an early morning high $2.8297 before falling to a low $2.7335.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall through the $2.6987 pivot level to support a run at the first major resistance level at $2.8920.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.8297.
Barring an extended crypto rally, the first major resistance level and resistance at $2.90 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $3.10 before any pullback. The second major resistance level sits at $3.0132.
Failure to avoid a fall through the pivot level at $2.6987 would bring the first major support level at $2.5775 into play.
Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels, however. The second major support level sits at $2.3842.
First Major Support Level: $2.5775
First Major resistance Level: $2.8920
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rallied by 8.72% on Wednesday. Following on from a 2.87% gain on Tuesday, Stellar’s Lumen ended the day at $0.30397.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2720 before making a move.
Steering clear of the first major support level at $0.2515, Stellar’s Lumen rallied to a late intraday high $0.3100.
Stellar’s Lumen broke through the 38.2% FIB of $0.2823 to visit $0.31 levels.
Coming up against the first major resistance level at $0.3096, Stellar’s Lumen eased back to end the day at sub-$0.03050 levels.
At the time of writing, Stellar’s Lumen was up by 0.54% to $0.3056. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3038 before rising to a high $0.3098.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid a fall through the $0.2953 pivot to bring the first major resistance level at $0.3187 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.31 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 $0.33 before any pullback. The second major resistance level sits at $0.3333.
Failure to avoid a fall through the $0.2953 pivot would bring the 38.2% FIB of $0.2823 and the first major support level at $0.2807 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.027 levels. The second major support level sits at $0.2573.
First Major Support Level: $0.2807
First Major Resistance Level: $0.2953
23.6% FIB Retracement Level: $0.3187
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX rallied by 7.24% on Wednesday. Reversing a 0.48% loss from Tuesday, Tron’s TRX ended the day at $0.03066.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.02716 before making a move.
Finding support at the first major support level at $0.02713, Tron’s TRX rallied to a late intraday high $0.03109.
Tron’s TRX broke through the 23.6% FIB of $0.0291 and the first major resistance level at $0.03080.
A late pullback, however, saw Tron’s TRX fall back through the first major resistance level to end the day at $0.0306 levels.
At the time of writing, Tron’s TRX was down by 1.21% to $0.03029. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03208 before falling to a low $0.02978.
Early in the day, Tron’s TRX tested the first major resistance level at $0.03211.
Tron’s TRX would need to avoid a fall through the $0.02964 pivot and the 23.6% FIB of $0.0291 to bring the first major resistance level at $0.03211 back into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.032 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 resistance at $0.33 before any pullback. The second major resistance level sits at $0.03357.
Failure to avoid a fall through the $0.02964 pivot and the 23.6% FIB would bring the first major support level at $0.02818 into play.
Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level at $0.02571 should limit the downside.
First Major Support Level: $0.02818
First Major Resistance Level: $0.02964
23.6% FIB Retracement Level: $0.03211
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
Please let us know what you think in the comments below
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.