EOS
EOS rallied by 7.23% on Sunday. Following a 1.34% gain on Saturday, EOS ended the week up by 16.77% to $4.6388.
A bearish start to the day saw EOS fall to an early morning intraday low $4.2280 before making a move.
Steering clear of the first major support level at $4.1932, EOS rallied to a mid-day intraday high $4.8665.
EOS broke through the first major resistance level at $4.4627 and the second major resistance level at $4.5970.
Coming up against the third major resistance level at $4.8665, however, EOS slipped back to end the day at sub-$4.65 levels.
The second major resistance level at $4.5970 had delivered support late in the day.
At the time of writing, EOS was down by 0.39% to $4.6207. A mixed start to the day saw EOS rise to an early morning high $4.6651 before falling to a low $4.6207.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.5778 pivot to bring the first major resistance level at $4.9275 into play.
Support from the broader market would be needed to break out from Sunday’s high $4.8665.
Barring a broad-based crypto rally, the first major resistance and resistance at $5.00 would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $5.2163 before any pullback.
A fall through the $4.5778 pivot would bring the first major support level at $4.2890 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level sits at $3.9393.
Looking at the Technical Indicators
First Major Support Level: $4.2890
First Major resistance Level: $4.9275
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 fell by 0.44% on Sunday. Partially reversing a resistance 5.32% gain from Saturday, Stellar’s Lumen ended the week up by 14.05% to $0.3150.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3230 before hitting reverse.
Falling short of the first major resistance level at $0.3313, Stellar’s Lumen fell to a late morning intraday low $0.3117.
Steering clear of the first major support level at $0.2973, Stellar’s Lumen briefly revisited $0.32 levels before falling back into the red.
At the time of writing, Stellar’s Lumen was down by 0.84% to $0.3123. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3155 before falling to a low $0.3122.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.3166 pivot to bring the first major resistance level at $0.3214 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.32 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.3230 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 levels before any pullback. The second major resistance level sits at $0.3279.
Failure to move through the $0.3166 pivot would bring the first major support level at $0.3101 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 $0.3053 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3101
First Major Resistance Level: $0.3214
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX rose by 2.20% on Sunday. Reversing a 1.49% fall from Saturday, Tron’s TRX ended the week up by 8.39% to $0.09550.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.09249 before making a move.
Steering clear of the first major support level at $0.09168, Tron’s TRX rallied to an early afternoon intraday high $0.09716.
Tron’s TRX broke through the first major resistance level at $0.09575 before briefly falling back to sub-$0.094 levels.
Finding late support, however, Tron’s TRX ended the day at $0.0955 levels. The first major resistance level at $0.09575 pinned Tron’s TRX back late in the day.
At the time of writing, Tron’s TRX was down by 0.82% to $0.09472. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09554 before falling to a low $0.09429
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.09505 pivot to bring the first major resistance level at $0.09761 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break through Sunday’s high $0.09716.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test the second major resistance level at $0.09972 before any pullback. Tron’s TRX would need plenty of support, however, to breakout from the 38.2% FIB of $0.09890.
Failure to move back through the $0.09505 pivot would bring the first major support level at $0.09294 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 $0.09038 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.09294
First Major Resistance Level: $0.09761
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
