EOS rallied by 6.70% on Wednesday. Reversing a 2.84% fall from Tuesday, EOS ended the day at $2.7708.
A mixed start to the day saw EOS slide to an early morning intraday low $2.5054 before making a move.
Steering clear of the first major support level at $2.4678, EOS rose to a late intraday high $2.8199.
EOS broke through the first major resistance level at $2.7555 to wrap up the day at $2.77 levels.
At the time of writing, EOS was down by 0.36% to $2.7610. A mixed start to the day saw EOS rise to an early morning high $2.8297 before falling to a low $2.7335.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.6987 pivot level to support a run at the first major resistance level at $2.8920.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.8297.
Barring an extended crypto rally, the first major resistance level and resistance at $2.90 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $3.10 before any pullback. The second major resistance level sits at $3.0132.
Failure to avoid a fall through the pivot level at $2.6987 would bring the first major support level at $2.5775 into play.
Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels, however. The second major support level sits at $2.3842.
Looking at the Technical Indicators
First Major Support Level: $2.5775
First Major resistance Level: $2.8920
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 8.72% on Wednesday. Following on from a 2.87% gain on Tuesday, Stellar’s Lumen ended the day at $0.30397.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2720 before making a move.
Steering clear of the first major support level at $0.2515, Stellar’s Lumen rallied to a late intraday high $0.3100.
Stellar’s Lumen broke through the 38.2% FIB of $0.2823 to visit $0.31 levels.
Coming up against the first major resistance level at $0.3096, Stellar’s Lumen eased back to end the day at sub-$0.03050 levels.
At the time of writing, Stellar’s Lumen was up by 0.54% to $0.3056. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3038 before rising to a high $0.3098.
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 through the $0.2953 pivot to bring the first major resistance level at $0.3187 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.31 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.33 before any pullback. The second major resistance level sits at $0.3333.
Failure to avoid a fall through the $0.2953 pivot would bring the 38.2% FIB of $0.2823 and the first major support level at $0.2807 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.027 levels. The second major support level sits at $0.2573.
Looking at the Technical Indicators
First Major Support Level: $0.2807
First Major Resistance Level: $0.2953
23.6% FIB Retracement Level: $0.3187
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX
Tron’s TRX rallied by 7.24% on Wednesday. Reversing a 0.48% loss from Tuesday, Tron’s TRX ended the day at $0.03066.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.02716 before making a move.
Finding support at the first major support level at $0.02713, Tron’s TRX rallied to a late intraday high $0.03109.
Tron’s TRX broke through the 23.6% FIB of $0.0291 and the first major resistance level at $0.03080.
A late pullback, however, saw Tron’s TRX fall back through the first major resistance level to end the day at $0.0306 levels.
At the time of writing, Tron’s TRX was down by 1.21% to $0.03029. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03208 before falling to a low $0.02978.
Early in the day, Tron’s TRX tested the first major resistance level at $0.03211.
For the Day Ahead
Tron’s TRX would need to avoid a fall through the $0.02964 pivot and the 23.6% FIB of $0.0291 to bring the first major resistance level at $0.03211 back into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.032 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally Tron’s TRX could resistance at $0.33 before any pullback. The second major resistance level sits at $0.03357.
Failure to avoid a fall through the $0.02964 pivot and the 23.6% FIB would bring the first major support level at $0.02818 into play.
Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level at $0.02571 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.02818
First Major Resistance Level: $0.02964
23.6% FIB Retracement Level: $0.03211
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
Please let us know what you think in the comments below
