EOS
EOS fell by 1.45% on Sunday. Partially reversing a 2.64% gain from Saturday, EOS ended the week up by 30.43% to $6.5290.
A bullish start to the day saw EOS rise to an early morning intraday high $67087 before hitting reverse.
Falling short of the first major resistance level at $6.3789, EOS slid to an early morning intraday low $6.1827.
The sell-off saw EOS fall through the 23.6% FIB of $6.52 and the first major support level at $6.3789.
Finding support in the late morning, EOS broke back through the first major support level and 23.6%S FIB to revisit $6.69 levels.
A bearish end to the day, however, saw EOS fall back through the 23.6% FIB before ending the day at $6.52 levels.
At the time of writing, EOS was up by 3.19% to $6.7372. A mixed start to the day saw EOS fall to an early morning low $6.4501 before rising to a high $6.8156.
EOS fell through the 23.6% FIB of $6.52 before breaking through the first major resistance level at $6.7642.
For the day ahead
EOS would need to avoid back through the 23.6% FIB and the $6.4735 pivot level to support another run at the first major resistance level at $6.7642.
Support from the broader market would be needed, however, for EOS to break back through to $6.75 levels.
Barring an extended crypto rally, the first major resistance level and morning high $6.8156 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $7.00 before any pullback. The second major resistance level sits at $6.9995.
Failure to avoid a fall back through through the 23.6% FIB and the $6.4735 would bring the first major support level at $6.2382 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$6.00 levels. The second major support level sits at $5.9475.
Looking at the Technical Indicators
First Major Support Level: $6.2382
First Major resistance Level: $6.7642
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen
Stellar’s Lumen rose by 2.90% on Sunday. Following on from a 1.90% gain on Saturday, Stellar’s Lumen ended the week up by 33.50% to $0.5563.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.5130 before making a move.
The reversal saw Stellar’s Lumen fall through the 23.6% FIB of $0.5342 and the first major support level at $0.5216.
Finding support through the afternoon, Stellar’s Lumen rallied to a late intraday high $0.0.5606.
Breaking back through the first major support level and 23.6% FIB, Stellar’s Lumen also broke through the first major resistance level at $0.5501.
At the time of writing, Stellar’s Lumen was up by 2.83% to $0.5720. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5558 before rising to a high $0.5733.
Steering clear of the major support levels Stellar’s Lumen tested the first major resistance level at $0.5736.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the pivot level at $0.5433 to bring the first major resistance level at $0.5736 back into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.5730 levels.
Barring an extended crypto rally, the first major resistance level and morning high $0.5733 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.5909.
Failure to avoid a fall through the $0.5433 pivot would bring 23.6% FIB of $0.5342 and the first major support level at $0.5260 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.50 levels. The second major support level sits at $0.4957.
Looking at the Technical Indicators
First Major Support Level: $0.5260
First Major Resistance Level: $0.5736
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX
Tron’s TRX fell by 2.51% on Sunday. Following on from a 0.76% fall on Saturday, Tron’s TRX ended the week up by 25.85% to $0.1280.
A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1328 before hitting reverse.
Falling short of the first major resistance level at $0.1345, Tron’s TRX slid to an early morning intraday low $0.1250.
The reversal saw Tron’s TRX fall through the first major support level at $0.1277.
Steering clear of sub-$0.12 support levels, Tron’s TRX revisited $0.129 levels before easing back.
At the time of writing, Tron’s TRX was up by 2.74% to $0.1315. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1252 before rising to a high $0.1335.
Tron’s TRX broke through the first major resistance level at $0.1322 early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall back through the $0.1286 pivot to bring the first major resistance level at $0.1322 back into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.1320 levels.
Barring an extended crypto rally, the first major resistance level and morning high $0.1335 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test the second major resistance level at $0.1364.
Failure to avoid a fall back through the $0.1286 pivot would bring the first major support level at $0.1244 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.12 levels. The second major support level at $0.1208 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.1244
First Major Resistance Level: $0.1322
23.6% FIB Retracement Level: $0.
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
Please let us know what you think in the comments below
Thanks, Bob
