Following a late Sunday rebound, the majors will need to avoid the day's pivot levels to take a run at the major resistance levels.
EOS rose by 5.61% on Sunday. Following a 1.01% gain from Saturday, EOS ended the week down by 16.24% to $3.7737.
A mixed start to the day saw EOS fall from an early morning high $3.6530 to a late intraday low $3.4871.
Steering clear of the first major support level at $3.3980, EOS rallied to a final hour intraday high $3.7782.
EOS broke through the first major resistance level at $3.7031 to end the day at $3.77 levels.
At the time of writing, EOS was up by 0.09% to $3.7721. A mixed start to the day saw EOS fall to an early morning low $3.7437 before rising to a high $3.8053.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid the $3.6797 pivot to bring the first major resistance level at $3.8722 into play.
Support from the broader market would be needed for EOS to break out from the morning high $3.8053.
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.00. The second major resistance level sits at $3.9708.
A fall through the $3.6797 pivot and would bring the first major support level at $3.5811 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.3886.
First Major Support Level: $3.5811
First Major resistance Level: $3.8722
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 4.13% on Sunday. Following a 3.57% gain from Saturday, Stellar’s Lumen ended week down by 12.68% to $0.2598.
A bullish start to the day saw Stellar’s Lumen rise to an early morning high $0.2585 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.2564 before sliding to a late intraday low $0.2393.
Steering clear of the first major support level at $0.2353, Stellar’s Lumen rallied to a final hour intraday high $0.2598.
Stellar’s Lumen broke back through the first major resistance level at $0.2564 to end the day at $0.259 levels.
At the time of writing, Stellar’s Lumen was down by 0.87% to $0.2576. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2619 before falling to a low $0.2564.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid the $0.2530 pivot to bring the first major resistance level at $0.2666 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.26 levels.
Barring an extended rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.2735.
A fall through the $0.2530 pivot would bring the first major support level at $0.2461 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.2325.
First Major Support Level: $0.2461
First Major Resistance Level: $0.2666
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rose by 3.58% on Sunday. Following a 2.17% gain on Saturday, Tron’s TRX ended the week down by 4.07% to $0.06486.
After a mixed start to the day, Tron’s TRX fell to a late intraday low $0.06070 before making a move.
Steering clear of the first major support level at $0.05974, Tron’s TRX rallied to a final hour intraday high $0.06526 before easing back.
Tron’s TRX broke through the first major resistance level at $0.06435 to end the day at $0.0648 levels.
At the time of writing, Tron’s TRX was up by 0.21% to $0.06500. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06528 before falling to a low $0.06406.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall through the $0.06361 pivot to bring the first major resistance level at $0.06651 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.066 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.067 would likely cap any upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.070 before any pullback. The second major resistance level sits at $0.06817.
A fall through the $0.06361 pivot would bring the first major support level at $0.06195 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.060 levels. The second major support level sits at $0.05905.
First Major Support Level: $0.06195
First Major Resistance Level: $0.6651
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.