After a mixed day for the majors on Monday, a move back through early highs would be needed to bring resistance levels into play.
EOS ended the day flat on Monday. Following a 3.22% slide on Sunday, EOS ended the day at $4.4179.
A bullish start to the day saw EOS rise to a late morning intraday high $4.5674 before hitting reverse.
Falling short of the first major resistance level at $4.6068, EOS fell to a late intraday low $4.3544.
Steering clear of the first major support level at $4.2241, EOS moved back through to $4.4 levels to end the day flat.
At the time of writing, EOS was up by 0.13% to $4.4238. A mixed start to the day saw EOS fall to an early morning low $4.3988 before rising to a high $4.4483.
EOS left the major support and resistance levels untested early on.
EOS would need to move back through the $4.4466 pivot to bring the first major resistance level at $4.5387 into play.
Support from the broader market would be needed to break back through to $4.50 levels.
Barring a broad-based crypto rally, the first major resistance and Monday’s high $4.5674 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.70 levels before any pullback. The third major resistance level sits at $4.6596.
Failure to move back through the $4.4466 pivot would bring the first major support level at $4.3257 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.20 levels. The second major support level at $4.2336 should limit the downside.
First Major Support Level: $4.3257
First Major resistance Level: $4.5387
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen fell by 0.99% on Monday. Following a 3.30% loss on Sunday, Stellar’s Lumen ended the day at $0.3796.
After a mixed start to the day, Stellar’s Lumen rose to a mid-day intraday high $0.3952 before hitting reverse.
Falling short of the first major resistance level at $0.4018, Stellar’s Lumen fell to a late intraday low $0.3762.
Steering clear of the first major support level at $0.3666, however, Stellar’s Lumen revisited $0.38 levels before easing back.
At the time of writing, Stellar’s Lumen was down by 0.09% to $0.3792. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3773 before rising to a high $0.3810.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through the $0.3837 pivot to bring the first major resistance level at $0.3911 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.39 levels.
Barring an extended rally, the first major resistance level and Monday’s high $0.3952 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.4277 before any pullback. The second major resistance level sits at $0.4027.
Failure to move through the $0.3837 pivot would bring the first major support level at $0.3721 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the 23.6% FIB of $0.3402. The second major support level at $0.3647 should limit the downside.
First Major Support Level: $0.3721
First Major Resistance Level: $0.3911
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX fell by 1.04% on Monday. Reversing a 0.08% gain from Sunday, Tron’s TRX ended the day at $0.09804.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.09991 before hitting reverse.
Falling short of the first major resistance level at $0.1021, Tron’s TRX slid to a late intraday low $0.09647.
While steering clear of the first major support level at $0.09568, Tron’s TRX fell through the 38.2% FIB of $0.09890 to end the day at $0.098 levels.
At the time of writing, Tron’s TRX was up by 0.13% to $0.09816. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09760 before rising to a high $0.09898.
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 $0.09814 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.09981 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.099 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.09991 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.1050 levels before any pullback. The second major resistance level sits at $0.1016.
A fall back through the $0.09814 pivot would bring the first major support level at $0.09637 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.09470.
First Major Support Level: $0.09637
First Major Resistance Level: $0.09981
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.