It's been a mixed start to the day for the majors. Steering clear of the day's pivot levels would support another breakout, however.
EOS rose by 5.35% on Sunday. Reversing a 1.69% loss from Saturday, EOS ended the week down by 12.96% to $5.0891.
A mixed start to the day saw EOS fall to an early morning intraday low $4.6628 before making a move.
Finding support at the first major support level at $4.6369, EOS rallied to a late intraday high $5.1120.
EOS broke through the first major resistance level at $4.9708 to end the day at $5.08 levels. The second major resistance level at $5.1110 pinned EOS back late in the day.
At the time of writing, EOS was down by 0.24% to $5.0432. A mixed start to the day saw EOS rise to an early morning high $5.1585 before falling to a low $4.9973.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid the $4.9546 pivot to bring the first major resistance level at $5.2465 into play.
Support from the broader market would be needed for EOS to break out from the morning high $5.1585.
Barring a broad-based crypto rally, the first major resistance level 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 $5.4038.
A fall through the $4.9546 pivot and would bring the first major support level at $4.7973 into play.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $4.5054.
First Major Support Level: $4.7973
First Major resistance Level: $5.2465
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 5.18% on Sunday. Following a 3.11% gain on Saturday, Stellar’s Lumen ended the week down by 9.32% to $0.3449.
A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3108 before making a move.
While steering clear of the first major support level at $0.3041, Stellar’s Lumen fell through the 62% FIB of $0.3216.
Finding early afternoon support, however, Stellar’s Lumen rallied to a late intraday high $0.3487.
Stellar’s Lumen broke through the first major resistance level at $0.3487 before ending the day at sub-$0.3450 levels.
At the time of writing, Stellar’s Lumen was down by 1.04% to $0.3413. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3500 before falling to a low $0.3389.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid the $0.3348 pivot to bring the first major resistance level at $0.3588 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.3500.
Barring an extended rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 before any pullback. The second major resistance level sits at $0.3727.
A fall through the $0.3348 pivot would bring the 62% FIB of $0.3216 and 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 sits at $0.2969.
A sustained fall through the 62% FIB of $0.3216 would form a near-term bearish trend from 16th May’s swing hi $0.7978.
First Major Support Level: $0.3209
First Major Resistance Level: $0.3588
23.6% FIB Retracement Level: $0.6160
38% FIB Retracement Level: $0.5035
62% FIB Retracement Level: $0.3216
Tron’s TRX rose by 4.63% on Sunday. Reversing a 1.73% loss from Saturday, Tron’s TRX ended the week down by 8.08% to $0.07142.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.06632 before making a move.
Steering clear of the first major support level at $0.06614, Tron’s TRX rose to a late intraday high $0.07224.
Tron’s TRX broke through the first major resistance level at $0.6992 and the second major resistance level at $0.07158.
A bearish end to the day, however, saw Tron’s TRX fall back through the second major resistance level to end the day at $0.0714 levels.
At the time of writing, Tron’s TRX was down by 0.39% to $0.07114. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07224 before falling to a low $0.07023.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall through $0.06999 pivot to bring the first major resistance level at $0.07367 and the 62% FIB of $0.07480 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning and yesterday’s high $0.07224.
Barring an extended crypto rally, the 62% FIB of $0.07480 would likely cap any upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.080 before any pullback. The second major resistance level sits at $0.07591.
A fall through the $0.06999 pivot would bring the first major support level at $0.06775 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06407.
A sustained fall back through the 62% FIB of $0.0748 would form a near-term bearish trend from April’s swing hi $0.1844.
First Major Support Level: $0.06775
First Major Resistance Level: $0.07367
23.6% FIB Retracement Level: $0.1426
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.