Following a bullish session on Wednesday, a move back through Wednesday's highs would support another day of gains.
EOS rallied by 4.95% on Wednesday. Following a 2.52% gain on Tuesday, EOS ended the day at $5.1039.
A mixed start to the day saw EOS fall to a mid-morning intraday low $4.7742 before making a move.
Steering clear of the first major support level at $4.7520, EOS rose to a late intraday high $5.1549.
EOS broke through the first major resistance level at $4.9287 and the second major resistance level at $4.9943 to end the day at $5.10 levels.
At the time of writing, EOS was down by 0.25% to $5.0911. A mixed start to the day saw EOS rise to an early morning high $5.1578 before falling to a low $5.0830.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid the $5.0110 pivot to bring the first major resistance level at $5.2478 into play.
Support from the broader market would be needed to break out from this morning’s high $5.1578.
Barring a broad-based crypto rally, the first major resistance would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.50 before any pullback. The second major resistance level sits at $5.3917.
A fall through the $5.0110 pivot would bring the first major support level at $4.8671 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.6303 should limit the downside.
First Major Support Level: $4.8671
First Major resistance Level: $5.2478
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 2.96% on Wednesday. Following a 3.98% gain on Tuesday, Stellar’s Lumen ended the day at $0.3411.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3268 before making a move.
Steering clear of the first major support level at $0.3213, Stellar’s Lumen rallied to a late intraday high $0.3418.
Stellar’s Lumen broke through the first major resistance level at $0.3365 to test resistance at the 23.6% FIB of $0.3402.
Coming up against the second major resistance level at $0.3415, Stellar’s Lumen eased back to end the day at $0.341 levels.
At the time of writing, Stellar’s Lumen was down by 0.43% to $0.3397. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3423 before falling to a low $0.3394.
While leaving the major support and resistance levels untested early on, Stellar’s Lumen fell through the 23.6% FIB of $0.3402.
Stellar’s Lumen would need to avoid the $0.3366 pivot to bring the 23.6% FIB of $0.3402 and the first major resistance level at $0.3463 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 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.36 levels. The second major resistance level sits at $0.3515.
A fall through the $0.3366 pivot would bring the first major support level at $0.3314 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.32 levels. The second major support level at $0.3217 should limit the downside.
First Major Support Level: $0.3314
First Major Resistance Level: $0.3463
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rose by 1.78% on Wednesday. Following a 12.88% surge on Tuesday, Tron’s TRX ended the day at $0.1204.
A mixed start to the day saw Tron’s TRX fall to a mid-morning intraday low $0.1132 before making a move.
Steering clear of the first major support level at $0.1080, Tron’s TRX rallied to a late afternoon intraday high $0.1233.
Coming within range of the first major resistance level at $0.1246, Tron’s TRX fell back to sub-$0.12 levels before finding late support.
At the time of writing, Tron’s TRX was down by 0.27% to $0.1201. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1226 before falling to a low $0.1190.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid the $0.1190 pivot to bring the first major resistance level at $0.1247 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back out from Wednesday’s high $0.1233.
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 resistance at the 62% FIB of $0.1316 before any pullback. The second major resistance level sits at $0.1291.
A fall through the $0.1190 pivot would bring the first major support level at $0.1146 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.10 levels and the 38.2% FIB of $0.09890. The second major support level at $0.1089 should limit the downside.
First Major Support Level: $0.1146
First Major Resistance Level: $0.1247
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.