It's been a bearish start to the day for the majors. Failure to move through the day's pivot levels would leave support levels in play for the day.
EOS rose by 0.52% on Monday. Reversing a 0.25% loss from Sunday, EOS ended the day at $3.6822.
A bullish start to the day saw EOS rally to a late intraday high $3.9980 before hitting reverse.
EOS broke through the day’s major resistance levels before a late pullback.
The pullback saw EOS slide back through the day’s major resistance level to end the day at sub-$3.70 levels.
At the time of writing, EOS was down by 1.14% to $3.6402. A mixed start to the day saw EOS rise to an early morning high $3.7572 before falling to a low $3.6241.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $3.7704 pivot to bring the first major resistance level at $3.9098 into play.
Support from the broader market would be needed for EOS to break back through to $3.90 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, EOS could test resistance at Monday’s high $3.9980. The second major resistance level sits at $4.1375.
Failure to move through the $3.7704 pivot would bring the first major support level at $3.5427 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4033.
First Major Support Level: $3.5427
First Major resistance Level: 3.9098
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen fell by 0.50% on Monday. Following a 2.02% decline on Sunday, Stellar’s Lumen ended the at $0.2605.
A bullish start saw Stellar’s Lumen rally to a mid-morning intraday high $0.2846 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.2684 and the second major resistance level at $0.2749.
The reversal, however, saw Stellar’s Lumen slide back through the major resistance levels to late intraday low $0.2566.
Steering clear of the first major support level at $0.2545, Stellar’s Lumen found support to end the day at $0.26 levels.
At the time of writing, Stellar’s Lumen was down by 2.78% to $0.2533. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2631 before falling to a low $0.2533.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through the $0.2672 pivot to bring the first major resistance level at $0.2779 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.2750 levels.
Barring an extended rally, the first major resistance level and resistance at $0.28 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2952.
Failure to move through the $0.2672 pivot would bring the first major support level at $0.2499 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.24 levels. The second major support level sits at $0.2392.
First Major Support Level: $0.2499
First Major Resistance Level: $0.2779
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rose by 0.71% on Monday. Following a 0.85% gain on Sunday, Tron’s TRX ended the day at $0.05851.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.05752 before making a move.
Steering clear of the first major support level at $0.05635, Tron’s TRX rallied to a late afternoon intraday high $0.06379.
Tron’s TRX broke through the day’s major resistance levels before hitting reverse.
The reversal saw Tron’s TRX fall back through the major resistance levels to end the day at sub-$0.059 levels.
At the time of writing, Tron’s TRX was down by 1.30% to $0.05775. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05968 before rising to a high $0.05772.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through the $0.05994 pivot to bring the first major resistance level at $0.06236 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.060 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.06379 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06621.
Failure to move through the $0.05994 pivot would bring the first major support level at $0.05609 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05367.
First Major Support Level: $0.05609
First Major Resistance Level: $0.06236
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.