It's a bearish start to the day for the majors. Failure to move through the pivot levels would bring support levels into play.
EOS fell by 3.33% on Monday. Following on from a 0.49% decline on Sunday, EOS ended the day at $2.4347.
It was a mixed start to the day. EOS rose to an early morning intraday high $2.5533 before hitting reverse.
Falling sort of the first major resistance level at $2.5691, EOS slid to an early afternoon intraday low $2.4083.
EOS fell the first major support level at $2.4579 before steadying. Steering clear of sub-$2.40 support levels, EOS briefly revisited $2.46 levels.
A bearish end to the day, however, saw EOS fall back through the first major support level to end the day at $2.43 levels.
At the time of writing, EOS was up by 0.12% to $2.4376. A mixed start to the day saw EOS fall to an early morning low $2.4210 before rising to a high $2.4443.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $2.4654 pivot level to support a run at the first major resistance level at $2.5226.
Support from the broader market would be needed, however, for EOS to break back through to $2.52 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $2.4654 would bring the first major support level at $2.3776 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.35 levels and the second major support level at $2.3204.
First Major Support Level: $2.3776
First Major resistance Level: $2.5226
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen fell by 3.82% on Monday. Reversing a 1.19% gain from Sunday, Stellar’s Lumen ended the day at $0.075672.
A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.079519 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.07942 before sliding to a final hour intraday low $0.075417.
The sell-off saw Stellar’s Lumen fall through the first major support level at $0.07721 and the second major support level at $0.07574.
At the time of writing, Stellar’s Lumen was down by 0.04% to $0.075639. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.075233 before rising to a high $0.075743
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through the $0.07687 pivot to support another run at the first major resistance level at $0.07832.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.078 levels.
Barring another broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $0.07687 pivot level would bring the first major support level at $0.07422 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.07277.
First Major Support Level: $0.07422
First Major Resistance Level: $0.07832
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX slid by 5.13% on Monday. Reversing a 0.26% gain from Sunday, Tron’s TRX ended the day at $0.024415.
It was a mixed start to the day. Tron’s TRX rose to an early morning intraday high $0.026044 before hitting reverse.
Falling short of the first major resistance level at $0.02623, Tron’s TRX slid to a mid-day intraday low $0.024193.
Tron’s TRX fell through the first major support level at $0.02543 and the second major support level at $0.02500.
Finding support at the third major support level at $0.02420 briefly revisited $0.02495 levels before easing back.
The second major support level at $0.025 pinned Tron’s TRX back in the 2nd half of the day.
At the time of writing, Tron’s TRX was down by 0.58% to $0.024272. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.024596 before falling to a low $0.023968.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through the $0.02488 pivot level to support a run at the first major resistance level at $0.02558.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.025 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $0.02488 pivot level would bring the first major support level at $0.02372 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.023 levels. The second major support level at $0.02303 should limit any downside.
First Major Support Level: $0.02372
First Major Resistance Level: $0.02558
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.