It's a bearish start to the week for the majors. Failure to move through the day's pivot levels would leave support levels in play.
EOS fell by 0.57% on Sunday. Reversing a 0.08% gain from Saturday, EOS ended the week down by 10.79% to $3.6361.
A bullish start to the day saw EOS rise to an early morning intraday high $3.7761 before hitting reverse.
EOS broke through the first major resistance level at $3.7635 before sliding to an early afternoon intraday low $3.5590.
EOS fell through the first major support level at $3.5683 before briefly revisiting $3.68 levels.
A bearish end to the day, however, saw EOS fall back to sub-$3.65 levels and into the red.
At the time of writing, EOS was down by 1.51% to $3.5813. A mixed start to the day saw EOS rise to an early morning high $3.6562 before falling to a low $3.5761.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $3.6571 pivot to bring the first major resistance level at $3.7551 into play.
Support from the broader market would be needed for EOS to break back through to $3.70 levels.
Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $3.7761 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $3.90 levels. The second major resistance level sits at $3.8742.
Failure to move through the $3.6571 pivot would bring the first major support level at $3.5380 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4400.
First Major Support Level: $3.5380
First Major resistance Level: $3.7551
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen fell by 1.20% on Sunday. Following a 1.15% loss on Saturday, Stellar’s Lumen ended the week down by 6.58% to $0.2298.
A bullish start saw Stellar’s Lumen rise to an early morning intraday high $0.2406 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.2381 before sliding to an early afternoon intraday low $0.2265.
Stellar’s Lumen fell through the first major support level at $0.2274 before briefly revisiting $0.23 levels.
A bearish end to the day, however, saw Stellar’s Lumen fall back to end the day at sub-$0.23 levels.
At the time of writing, Stellar’s Lumen was down by 1.12 to $0.2272. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2312 before falling to a low $0.2272.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through the $0.2323 pivot to bring the first major resistance level at $0.2381 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to move back through to $0.2350 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.2406 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.25 before any pullback. The second major resistance level sits at $0.2464.
Failure to move through the $0.2323 pivot would bring the first major support level at $0.2240 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.21 levels. The second major support level at $0.2182 should limit the downside.
First Major Support Level: $0.2240
First Major Resistance Level: $0.2381
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX fell by 0.32% on Sunday. Partially reversing a 0.99% gain from Saturday, Tron’s TRX ended the week down by 9.26% to $0.05594.
A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.05772 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.05719 before sliding to an early afternoon intraday low $0.05519.
Steering clear of the first major support level at $0.05480, Tron’s TRX revisited $0.056 levels before falling back into the red.
At the time of writing, Tron’s TRX was down by 1.19% to $0.05528. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05637 before falling to a low $0.05524.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through the $0.05628 pivot to bring the first major resistance level at $0.05738 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.057 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.05772 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.060 levels. The second major resistance level sits at $0.05881.
Failure to move through the $0.05628 pivot would bring the first major support level at $0.05485 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05375.
First Major Support Level: $0.05485
First Major Resistance Level: $0.05738
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.