In This Article:
EOS
EOS fell by 2.88% on Wednesday. Following a 21.47% tumble on Tuesday, EOS ended the day at $4.7463.
A mixed start to the day saw EOS rise to an early morning intraday high $4.9684 before hitting reverse.
Falling short of the first major resistance level at $6.0016, EOS fell to a late morning intraday low $4.4248.
Steering clear of the first major support level at $4.0297, EOS briefly revisited $4.80 levels before easing back.
At the time of writing, EOS was up by 0.49% to $4.7687. A mixed start to the day saw EOS fall to an early low $4.7274 before rising to a high $4.8132.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.7132 pivot to bring the first major resistance level at $5.0015 into play.
Support from the broader market would be needed to break back through to $5.00 levels.
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 $5.2568.
A fall through the $4.7132 pivot would bring the first major support level at $4.4579 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.1696 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.4579
First Major resistance Level: $5.0015
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen
Stellar’s Lumen fell by 1.73% on Wednesday. Following a 20.76% sell-off on Tuesday, Stellar’s Lumen ended the day at $0.3300.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3432 before hitting reverse.
While falling short of the first major resistance level at $0.4150, Stellar’s Lumen broke through the 23.6% FIB of $0.3402.
The reversal saw Stellar’s Lumen fall back through the 23.6% FIB to a late morning intraday low $0.3048.
Steering well clear of the first major support level at $0.2660, Stellar’s Lumen ended the day at $0.33 levels.
At the time of writing, Stellar’s Lumen was up by 0.27% to $0.3309. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3286 before rising to a high $0.3342.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid the $0.3260 pivot to bring the 23.6% FIB of $0.3402 and the first major resistance level at $0.3472 into play.