After a bearish Sunday, the majors will need to move through the day's pivot levels to avoid another day in the red.
EOS slid by 8.26% on Sunday. Reversing a 7.54% rally from Saturday, EOS ended the week down by 1.22% to $4.5836.
A mixed start to the day saw EOS rally to a mid-morning intraday high $4.9689 before hitting reverse.
Falling short of the first major resistance level at $5.1709, EOS slid to a late intraday low $4.5630.
EOS fell through the first major support level at $4.7206 to end the day at sub-$4.60 levels.
At the time of writing, EOS was up by 0.32% to $4.5984. A mixed start to the day saw EOS fall to an early morning low $4.4826 before rising to a high $4.6058.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $4.7052 pivot to bring the first major resistance level at $4.8473 into play.
Support from the broader market would be needed to break back through to $4.80 levels.
Barring a broad-based crypto rally, the first major resistance and Sunday’s high $4.9689 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.20 before any pullback. The second major resistance level sits at $5.1111.
Failure to move through the $4.7052 pivot would bring the first major support level at $4.4414 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.2993 should limit the downside.
First Major Support Level: $4.4414
First Major resistance Level: $4.8473
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen slid by 6.23% on Sunday. Reversing a 5.03% decline from Saturday, Stellar’s Lumen ended the week up by 5.13% to $0.3312.
A mixed start to the day saw Stellar’s Lumen rise to a mid-morning intraday high $0.3579 before hitting reverse.
Falling short of the first major resistance level at $0.3697, Stellar’s Lumen slid to a late intraday low $0.3291.
Stellar’s Lumen fell through the 23.6% FIB of $0.3402 and the first major support level at $0.3349 to end the day at $0.331 levels.
At the time of writing, Stellar’s Lumen was up by 0.19% to $0.3318. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3256 before rising to a high $0.3324.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through the $0.3394 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3497 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.3450 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.3579 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.38 levels before any pullback. The second major resistance level sits at $0.3682.
Failure to move through the $0.3394 pivot and the 23.6% FIB of $0.3402 would bring the first major support level at $0.3209 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level at $0.3106 should limit the downside.
First Major Support Level: $0.3209
First Major Resistance Level: $0.3497
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX fell by 4.76% on Sunday. Partially reversing a 7.98% rally from Saturday, Tron’s TRX ended the week up by 2.51% to $0.09791.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1034 before hitting reverse.
Falling short of the first major resistance level at $0.1067, Tron’s TRX slid to a late intraday low $0.09681.
Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09790 before ending the day at $0.0979 levels.
At the time of writing, Tron’s TRX was down by 0.26% to $0.09765. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09665 before rising to a high $0.09823.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through the 38.2% FIB of $0.09890 and the $0.09937 pivot to bring the first major resistance level at $0.1019 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.10 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.1034 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1060.
Failure to move through the 38.2% FIB of $0.09890 and the $0.09937 pivot would bring the first major support level at $0.09535 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level at $0.09278 should limit the downside.
First Major Support Level: $0.09535
First Major Resistance Level: $0.1019
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.