It's a bullish start to the day, with resistance levels in play early in the day. Avoiding the day's pivot levels would support further upside in the day ahead.
EOS rose by 1.98% on Monday. Following a 5.61% rally on Sunday, EOS ended the day at $3.8490.
A mixed start to the day saw EOS fall to a mid-day intraday low $3.6863 before making a move.
Steering clear of the first major support level at $3.5811, EOS rallied to a late afternoon intraday high $3.9476.
EOS broke through the first major resistance level at $3.8722 before ending the day at sub-$3.85 levels.
At the time of writing, EOS was up by 2.24% to $3.9353. A mixed start to the day saw EOS fall to an early morning low $3.8457 before rising to a high $3.9909.
EOS tested the first major resistance level at $3.9690 early on.
EOS would need to avoid the $3.8276 pivot to bring the first major resistance level at $3.9690 back into play.
Support from the broader market would be needed for EOS to avoid a fall back to sub-$3.90 levels.
Barring a broad-based crypto rally, the first major resistance level and resistance at $4.00 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.15. The second major resistance level sits at $4.0889.
A fall through the $3.8276 pivot and would bring the first major support level at $3.7077 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.5663.
First Major Support Level: $3.7077
First Major resistance Level: $3.9690
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 1.46% on Monday. Following a 4.13% gain on Sunday, Stellar’s Lumen ended the day at $0.2635.
A bullish start to the day saw Stellar’s Lumen rise to a late morning intraday high $0.2696 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.2666 before falling to an early afternoon intraday low $0.2559.
Steering clear of the first major support level at $0.2461, Stellar’s Lumen revisited $0.266 levels before easing back.
The first major resistance level at $0.2666 pegged Stellar’s Lumen back late in the day.
At the time of writing, Stellar’s Lumen was up by 2.47% to $0.2700. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2625 before rallying to a high $0.2723.
Stellar’s Lumen broke through the first major resistance level at $0.2701 early on.
Stellar’s Lumen would need to avoid the $0.2630 pivot to bring the first major resistance level at $0.2701 back into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to avoid a fall back to sub-$0.27 levels.
Barring an extended rally, the morning high $0.2723 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.28 before any pullback. The second major resistance level sits at $0.2767.
A fall through the $0.2630 pivot would bring the first major support level at $0.2564 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.2493.
First Major Support Level: $0.2564
First Major Resistance Level: $0.2701
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rose by 1.02% on Monday. Following a 3.58% gain on Sunday, Tron’s TRX ended the day at $0.06553.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06406 before making a move.
Steering clear of the first major support level at $0.06195, Tron’s TRX rallied to a late afternoon intraday high $0.06689.
Tron’s TRX broke through the first major resistance level at $0.06651 before falling back to end the day at sub-$0.066 levels.
At the time of writing, Tron’s TRX was up by 2.20% to $0.06697. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06503 before rallying to a high $0.06714.
Tron’s TRX broke through the first major resistance level at $0.06693 early on.
Tron’s TRX would need to avoid a fall through the first major resistance level at $0.06693 to bring $0.070 levels into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the second major resistance level at $0.06832.
Barring an extended crypto rally, the second major resistance level would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test the third major resistance level at $0.07115.
A fall through back through the first major resistance level and through the $0.06549 pivot would bring the first major support level at $0.06410 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.065 levels. The second major support level sits at $0.06266.
First Major Support Level: $0.06410
First Major Resistance Level: $0.6693
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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.