It's a bullish start to the day for the majors. Avoiding the day's pivot levels would support a run at the resistance levels.
EOS rose by 3.24% on Wednesday. Reversing a 2.04% slide from Tuesday, EOS ended the day at $2.6105.
It was a mixed start to the day. EOS fell to an early morning intraday low $2.5129 before making a move.
Steering clear of the first major support level at $2.4856, EOS rallied to a final hour intraday high $2.7264.
EOS broke through the first major resistance level at $2.5800 and the second major resistance level at $2.6314.
Coming up against the third major resistance level at $2.7258, EOS slid back to $2.55 levels. Finding support from the broader market, however, EOS recovered to wrap up the day at $2.61 levels.
At the time of writing, EOS was up by 1.21% to $2.6419. A mixed start to the day saw EOS fall to an early morning low $2.5987 before rising to a high $2.6494.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall back through the $2.6166 pivot level to support a run at the first major resistance level at $2.7203.
Support from the broader market would be needed, however, for EOS to break back through to $2.70 levels
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall back through the pivot level at $2.6166 would bring the first major support level at $2.5068 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.50 levels and the second major support level at $2.4031.
First Major Support Level: $2.5068
First Major resistance Level: $2.7203
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 3.68% on Wednesday. Partially reversing a 5.01% slide from Tuesday, Stellar’s Lumen ended the day at $0.083896.
It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.080452 before making a move.
Steering well clear of the first major support level at $0.07866, Stellar’s Lumen rallied to a late afternoon intraday high $0.086657.
Stellar’s Lumen broke through the first major resistance level at $0.08501 before falling back to sub-$0.084 levels.
At the time of writing, Stellar’s Lumen was up by 1.02% to $0.084753. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.083824 to a high $0.084907.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid a fall through the $0.08367 pivot to support a run at the first major resistance level at $0.08688.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.086 levels.
Barring another broad-based crypto rally, the first major resistance level and Wednesday’s high $0.086657 would likely cap any upside.
Failure to avoid a fall through the $0.08367 pivot level would bring the first major support level at $0.08068 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 $0.07746.
First Major Support Level: $0.08068
First Major Resistance Level: $0.08688
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX rose by 3.44% on Wednesday. Following a flat Tuesday, Tron’s TRX ended the day at $0.02676.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.02578 before making a move.
Steering clear of the first major support level at $0.02430, Tron’s TRX rallied to an early afternoon intraday high $0.02792.
Falling short of the first major resistance level at $0.02836, Tron’s TRX eased back to end the day at sub-$0.027 levels.
At the time of writing, Tron’s TRX was up by 0.39% to $0.026861. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02661 before rising to a high $0.027064.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall back through the $0.02682 pivot level to support another run at the first major resistance level at $0.02786.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.027 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.02792 would likely cap any upside.
Failure to avoid a fall back through the $0.02682 pivot level would bring the first major support level at $0.02572 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 $0.02468.
First Major Support Level: $0.02572
First Major Resistance Level: $0.02786
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.