In This Article:
EOS
EOS rose by 0.31% on Wednesday. Following a 7.20% rally on Tuesday, EOS ended the day at $4.1384.
A mixed start to the day saw EOS rise to an early morning intraday high $4.3027 before hitting reverse.
Falling short of first major resistance level at $4.3348, EOS fell to a late afternoon intraday low $3.8835.
EOS fell through the first major support level at $3.8797 before moving back through to $4.10 levels.
At the time of writing, EOS was down by 1.06% to $4.0945. A mixed start to the day saw EOS rise to an early morning high $4.1443 before falling to a low $4.0617.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $4.1082 pivot to bring the first major resistance level at $4.3329 into play.
Support from the broader market would be needed for EOS to breakout from Wednesday’s high $4.3027.
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.50. The second major resistance level sits at $4.5274.
Failure to move back through the $4.1082 pivot and would bring the first major support level at $3.9137 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.6890.
Looking at the Technical Indicators
First Major Support Level: $3.9137
First Major resistance Level: $4.3329
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 0.46% on Wednesday. Following a 7.40% rally on Tuesday, Stellar’s Lumen ended the day at $0.2844.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.2861 before hitting reverse.
Falling short of the first major resistance level at $0.2971, Stellar’s Lumen slid to a late afternoon intraday low $0.2662.
Steering clear of the first major support level at $0.2657, Stellar’s Lumen moved back through to $0.2840 levels and into the green.
At the time of writing, Stellar’s Lumen was down by 1.63% to $0.2798. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2846 before falling to a low $0.2771.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall back through the $0.2789 pivot to bring the first major resistance level at $0.2916 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.2861.