It's been a mixed start to the day for the majors, which have given up early gains. A fall through the day's pivot levels would leave support levels in play.
EOS rallied by 7.48% on Wednesday. Reversing a 5.10% slide Tuesday, EOS ended the day at $3.5028.
A bearish start to the day saw EOS slide to an early morning intraday low $3.2062 before making a move.
Steering clear of the first major support level at $3.0940, EOS rallied to a late intraday high $3.5725.
EOS broke through the first major resistance level at $3.4851 to end the day at $3.50 levels.
At the time of writing, EOS was down by 0.97% to $3.4687. A mixed start to the day saw EOS rise to an early morning high $3.5524 before falling to a low $3.4467.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid the $3.4272 pivot to bring the first major resistance level at $3.6481 into play.
Support from the broader market would be needed for EOS to break out from Wednesday’s high $3.5725.
Barring a broad-based crypto rally, the first major resistance level and resistance at $3.65 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $3.70 levels. The second major resistance level sits at $3.7935.
A fall through the $3.4272 pivot would bring the first major support level at $3.2818 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level at $3.0609 should limit the downside.
First Major Support Level: $3.2818
First Major resistance Level: 3.6481
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rallied by 7.69% on Wednesday. Following a 0.24% gain on Tuesday, Stellar’s Lumen ended the day at $0.2283.
A bearish start saw Stellar’s Lumen fall to an early morning intraday low $0.2068 before making a move.
Steering clear of the first major support level at $0.2022, Stellar’s Lumen rallied to a late intraday high $0.2299.
Stellar’s Lumen broke through the first major resistance level at $0.2186 and the second major resistance level at $0.2252 to end the day at $0.229 levels.
At the time of writing, Stellar’s Lumen was down by 1.26% to $0.2254. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2307 before falling to a low $0.2246.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid the $0.2217 pivot to bring the first major resistance level at $0.2365 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.2307.
Barring an extended rally, the first major resistance level and resistance at $0.24 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 $0.2448.
A fall through the $0.2217 pivot would bring the first major support level at $0.2134 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.20 levels. The second major support level sits at $0.1986.
First Major Support Level: $0.2134
First Major Resistance Level: $0.2365
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rallied by 7.23% on Wednesday. Reversing a 5.61% slide from Tuesday, Tron’s TRX ended the day at $0.05399.
A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.04956 before making a move.
Steering clear of the first major support level at $0.04803, Tron’s TRX rallied to a late afternoon intraday high $0.05544.
Tron’s TRX broke through the first major resistance level at $0.05359 before a late pullback.
The late pullback saw Tron’s TRX briefly fall back through the first major resistance level before ending the day at $0.0539 levels.
At the time of writing, Tron’s TRX was down by 1.53% to $0.05316. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05440 before falling to a low $0.05293.
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 $0.0530 pivot to bring the first major resistance level at $0.05643 into play.
Support from the broader market would be needed, however, for Tron’s TRX to breakout from Wednesday’s high $0.05544.
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 $0.058 levels. The second major resistance level sits at $0.05888.
A fall back through the $0.05300 pivot would bring the first major support level at $0.05055 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04712.
First Major Support Level: $0.05055
First Major Resistance Level: $0.05643
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.