It's been a mixed start to the day for the majors. Avoiding a fall through the day's pivot levels would bring resistance levels into play, however.
EOS fell by 0.87% on Monday. Partially reversing a 7.23% rally from Sunday, EOS ended the day at $4.5992.
After a mixed start to the day, EOS rose to an early afternoon intraday high $4.7415 before hitting reverse.
Falling short of the first major resistance level at $4.9275, EOS slid to a mid-afternoon intraday low $4.3404.
Steering clear of the first major support level at $4.2890, however, EOS found late support to end the day at $4.5 levels.
At the time of writing, EOS was up by 0.55% to $4.6247. A mixed start to the day saw EOS fall to an early morning low $4.6160 before rising to a high $4.6950.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid the $4.5604 pivot to bring the first major resistance level at $4.7803 into play.
Support from the broader market would be needed to break out from Monday’s high $4.7415.
Barring a broad-based crypto rally, the first major resistance and resistance at $4.80 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.00 before any pullback. The second major resistance level sits at $4.9615.
A fall through the $4.5604 pivot would bring the first major support level at $4.3792 into play.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $4.1593.
First Major Support Level: $4.3792
First Major resistance Level: $4.7803
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen fell by 1.46% on Monday. Following a 0.44% decline on Sunday, Stellar’s Lumen ended the day at $0.3105.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3155 before hitting reverse.
Falling short of the first major resistance level at $0.3214, Stellar’s Lumen fell to a mid-afternoon intraday low $0.2968.
Stellar’s Lumen fell through the first major support level at $0.3101 and the second major support level at $0.3053.
Finding late support, however, Stellar’s Lumen broke back through the major support levels to end the day at $0.3105.
At the time of writing, Stellar’s Lumen was up by 0.04% to $0.3106. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3086 before rising to a high $0.3137.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid the $0.3076 pivot to bring the first major resistance level at $0.3184 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.3155.
Barring an extended rally, the first major resistance level and resistance at $0.32 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 $0.3263.
A fall through the $0.3076 pivot would bring the first major support level at $0.2997 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.29 levels. The second major support level sits at $0.2889.
First Major Support Level: $0.2997
First Major Resistance Level: $0.3184
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX fell by 1.52% on Monday. Partially reversing a 2.20% gain from Sunday, Tron’s TRX ended the day at $0.09356.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.09554 before hitting reverse.
Falling short of the first major resistance level at $0.09761, Tron’s TRX slid to a mid-afternoon intraday low $0.08966.
Tron’s TRX fell through the first major support level at $0.09294 and the second major support level at $0.09038.
Steering clear of the third major support level at $0.08571, however, Tron’s TRX broke back through the major support levels to end the day at $0.093 levels.
At the time of writing, Tron’s TRX was down by 0.51% to $0.09308. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09226 before rising to a high $0.09509.
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 $0.09292 pivot to bring the first major resistance level at $0.09618 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.09554.
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 $0.09880 and the 38.2% FIB of $0.09890 before any pullback.
A fall back through the $0.09292 pivot would bring the first major support level at $0.09030 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.085 levels. The second major support level at $0.08704 should limit the downside.
First Major Support Level: $0.09030
First Major Resistance Level: $0.09618
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.