It's been a bullish morning. Steering clear of the day's pivot levels would leave resistance levels in play.
EOS fell by 1.45% on Sunday. Partially reversing a 2.64% gain from Saturday, EOS ended the week up by 30.43% to $6.5290.
A bullish start to the day saw EOS rise to an early morning intraday high $67087 before hitting reverse.
Falling short of the first major resistance level at $6.3789, EOS slid to an early morning intraday low $6.1827.
The sell-off saw EOS fall through the 23.6% FIB of $6.52 and the first major support level at $6.3789.
Finding support in the late morning, EOS broke back through the first major support level and 23.6%S FIB to revisit $6.69 levels.
A bearish end to the day, however, saw EOS fall back through the 23.6% FIB before ending the day at $6.52 levels.
At the time of writing, EOS was up by 3.19% to $6.7372. A mixed start to the day saw EOS fall to an early morning low $6.4501 before rising to a high $6.8156.
EOS fell through the 23.6% FIB of $6.52 before breaking through the first major resistance level at $6.7642.
EOS would need to avoid back through the 23.6% FIB and the $6.4735 pivot level to support another run at the first major resistance level at $6.7642.
Support from the broader market would be needed, however, for EOS to break back through to $6.75 levels.
Barring an extended crypto rally, the first major resistance level and morning high $6.8156 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $7.00 before any pullback. The second major resistance level sits at $6.9995.
Failure to avoid a fall back through through the 23.6% FIB and the $6.4735 would bring the first major support level at $6.2382 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$6.00 levels. The second major support level sits at $5.9475.
First Major Support Level: $6.2382
First Major resistance Level: $6.7642
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 2.90% on Sunday. Following on from a 1.90% gain on Saturday, Stellar’s Lumen ended the week up by 33.50% to $0.5563.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.5130 before making a move.
The reversal saw Stellar’s Lumen fall through the 23.6% FIB of $0.5342 and the first major support level at $0.5216.
Finding support through the afternoon, Stellar’s Lumen rallied to a late intraday high $0.0.5606.
Breaking back through the first major support level and 23.6% FIB, Stellar’s Lumen also broke through the first major resistance level at $0.5501.
At the time of writing, Stellar’s Lumen was up by 2.83% to $0.5720. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5558 before rising to a high $0.5733.
Steering clear of the major support levels Stellar’s Lumen tested the first major resistance level at $0.5736.
Stellar’s Lumen would need to avoid a fall through the pivot level at $0.5433 to bring the first major resistance level at $0.5736 back into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.5730 levels.
Barring an extended crypto rally, the first major resistance level and morning high $0.5733 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.5909.
Failure to avoid a fall through the $0.5433 pivot would bring 23.6% FIB of $0.5342 and the first major support level at $0.5260 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.50 levels. The second major support level sits at $0.4957.
First Major Support Level: $0.5260
First Major Resistance Level: $0.5736
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX fell by 2.51% on Sunday. Following on from a 0.76% fall on Saturday, Tron’s TRX ended the week up by 25.85% to $0.1280.
A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1328 before hitting reverse.
Falling short of the first major resistance level at $0.1345, Tron’s TRX slid to an early morning intraday low $0.1250.
The reversal saw Tron’s TRX fall through the first major support level at $0.1277.
Steering clear of sub-$0.12 support levels, Tron’s TRX revisited $0.129 levels before easing back.
At the time of writing, Tron’s TRX was up by 2.74% to $0.1315. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1252 before rising to a high $0.1335.
Tron’s TRX broke through the first major resistance level at $0.1322 early on.
Tron’s TRX would need to avoid a fall back through the $0.1286 pivot to bring the first major resistance level at $0.1322 back into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.1320 levels.
Barring an extended crypto rally, the first major resistance level and morning high $0.1335 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test the second major resistance level at $0.1364.
Failure to avoid a fall back through the $0.1286 pivot would bring the first major support level at $0.1244 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.12 levels. The second major support level at $0.1208 should limit the downside.
First Major Support Level: $0.1244
First Major Resistance Level: $0.1322
23.6% FIB Retracement Level: $0.
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
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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.