It's a bullish start to the day for the majors. Steering clear of the pivot levels should support a run at the major resistance levels.
EOS rallied by 3.35% on Monday. Reversing a 1.54% loss from Sunday, EOS ended the day at $2.5840.
A mixed start to the day saw EOS fall to an early morning intraday low $2.4829 before making a move.
Steering clear of the first major support level at $2.4551, EOS rose to an early afternoon intraday high $2.6138.
EOS broke through the first major resistance level at $2.5530 and the second major resistance level at $2.6059.
A late pullback to $2.55 levels saw EOS fall through the second major resistance level to wrap up the day at $2.58 levels.
The first major resistance level at $2.5530 limited the downside late in the day.
At the time of writing, EOS was up by 1.09% to $2.6121. A mixed start to the day saw EOS fall to an early morning low $2.5782 before rising to a high $2.6325.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall through the $2.5602 pivot level to support a run at the first major resistance level at $2.6376.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6325.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $2.5602 would bring the first major support level at $2.5067 into play.
Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels. The second major support level sits at $2.4293.
First Major Support Level: $2.5067
First Major resistance Level: $2.6376
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 2.99% on Monday. Reversing a 1.33% fall from Sunday, Stellar’s Lumen ended the day at $0.082556.
It was a mixed start to the day. Stellar’s Lumen fell to an early morning intraday low $0.079331 before making a move.
Steering clear of the first major support level at $0.07860, Stellar’s Lumen rallied to a mid-afternoon intraday high $0.082979.
Stellar’s Lumen broke through the first major resistance level at $0.08189 before a fall back to sub-$0.08150 levels.
Finding late support, however, Stellar’s Lumen broke back through the first major resistance level to close out at $0.0825 levels.
At the time of writing, Stellar’s Lumen was up by 1.57% to $0.083812. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.082359 to a high $0.084299.
Stellar’s Lumen broke through the first major resistance level at $0.08391 early on before easing back.
Stellar’s Lumen would need to avoid a fall through the $0.08162 pivot to support another run at the second major resistance level at $0.08527.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through the first major resistance level.
Barring another broad-based crypto rally, resistance at $0.08450 would likely cap any upside. The second major resistance level sits at $0.08527.
Failure to avoid a fall through the $0.08162 pivot level would bring the first major support level at $0.08027 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.080 levels. The second major support level sits at $0.07797.
First Major Support Level: $0.08027
First Major Resistance Level: $0.08391
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX rose by 1.38% on Monday. Following on from a 1.18% gain on Sunday, Tron’s TRX ended the day at $0.025589.
It was another relatively choppy day. Tron’s TRX fell to an early morning low $0.024945 before making a move.
Steering clear of the first major support level at $0.02487, Tron’s TRX rose to a late afternoon intraday high $0.025998.
Coming up against the first major resistance level at $0.02592, Tron’s TRX fell back to $0.0250 levels.
Finding late support, however, Tron’s TRX moved back through to $0.0255 levels to end the day in the green.
At the time of writing, Tron’s TRX was up by 0.84% to $0.025803. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02540 before rising to a high $0.025937
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall through the $0.02551 pivot level to support another run at the first major resistance level at $0.02608.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.025937.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.02551 pivot level would bring the first major support level at $0.02502 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level sits at $0.02446.
First Major Support Level: $0.02502
First Major Resistance Level: $0.02608
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
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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.