In This Article:
EOS
EOS fell by 0.79% on Monday. Following an 8.26% slide on Sunday, EOS ended the day at $4.5477.
A mixed start to the day saw EOS rally to a mid-morning intraday high $4.7603 before hitting reverse.
Falling short of the first major resistance level at $4.8473, EOS slid to a late intraday low $4.4309.
EOS fell through the first major support level at $4.4414 before ending the day at $4.50 levels.
At the time of writing, EOS was down by 1.74% to $4.4684. A mixed start to the day saw EOS rise to an early morning high $4.5514 before falling to a low $4.4575.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $4.5796 pivot to bring the first major resistance level at $4.7284 into play.
Support from the broader market would be needed to break back through to $4.70 levels.
Barring a broad-based crypto rally, the first major resistance and Monday’s high $4.7603 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 $4.9090.
Failure to move through the $4.5796 pivot would bring the first major support level at $4.3990 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.2502 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.3990
First Major resistance Level: $4.7284
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 rose by 3.95% on Monday. Partially reversing a 6.23% loss from Sunday, Stellar’s Lumen ended the day at $0.3444.
A mixed start to the day saw Stellar’s Lumen slide to an early morning intraday low $0.3256 before making a move.
Steering clear of the first major support level at $0.3209, Stellar’s Lumen rallied to a mid-day intraday high $0.3575.
Stellar’s Lumen broke through the 23.6% FIB of $0.3402 and the first major resistance level at $0.3497.
A late reversal, however, saw Stellar’s Lumen fall back through to sub-$0.34 levels before ending the day at $0.344 levels.
Stellar’s Lumen broke back through the 23.6% FIB late in the day.
At the time of writing, Stellar’s Lumen was down by 1.65% to $0.3387. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3448 before falling to a low $0.3374.
While leaving the major support and resistance levels untested, Stellar’s Lumen fell through the 23.6% FIB of $0.3402.
For the day ahead
Stellar’s Lumen would need to move through the 23.6% FIB and the $0.3425 pivot to bring the first major resistance level at $0.3594 into play.