EOS
EOS rose by 0.31% on Wednesday. Following a 2.80% gain on Tuesday, EOS ended the day at $4.7427.
A choppy start to the day saw EOS slide to a late morning intraday low $4.3726 before making a move.
EOS fell through the first major support level at $4.5888 and the second major support level at $4.4498.
Finding late morning support, however, EOS rallied to a late afternoon intraday high $4.9053.
EOS broke through the first major resistance level at $4.8288 before falling back to end the day at sub-$4.80 levels.
At the time of writing, EOS was down by 1.51% to $4.6712. A mixed start to the day saw EOS rise to an early morning high $4.7604 before falling to a low $4.6533.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $4.6735 pivot to bring the first major resistance level at $4.9745 into play.
Support from the broader market would be needed to break out from Wednesday’s high $4.9053.
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 $5.30 before any pullback. The second major resistance level sits at $5.2062.
Failure to move back through the $4.6735 pivot would bring the first major support level at $4.4418 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.30 levels. The second major support level sits at $4.1408.
Looking at the Technical Indicators
First Major Support Level: $4.4418
First Major resistance Level: $4.9745
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 rallied by 12.16% on Wednesday. Following a 2.77% rise on Tuesday, Stellar’s Lumen ended the day at $0.3579.
A mixed start to the day saw Stellar’s Lumen fall to a late morning intraday low $0.3057 before making a move.
Stellar’s Lumen fell through the first major support level at $0.3115 before rallying to a late intraday high $0.3648.
The extended rally saw Stellar’s Lumen break through the day’s major resistance levels.
Stellar’s Lumen also broke through the 23.6% FIB of $0.3402 to end the day at $0.35 levels.
At the time of writing, Stellar’s Lumen was down by 0.43% to $0.3564. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.36998 before falling to a low $0.3545.
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 $0.3428 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3799 into play.