EOS slid by 6.31% on Wednesday. Following a 2.02% decline on Tuesday, EOS ended the day at $4.8629.
A mixed start to the day saw EOS rise to a late morning intraday high $5.2361 before hitting reverse.
Falling short of the first major resistance level at $5.3538, EOS slid to a late intraday low $4.8187.
EOS fell through the first major support level at $5.0683 and the second major support level at $4.9460 to end the day at sub-$4.90 levels.
At the time of writing, EOS was up by 2.15% to $4.9670. A mixed start to the day saw EOS fall to an early morning low $4.8275 before rising to a high $4.9760.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $4.9726 pivot to bring the first major resistance level at $5.1264 into play.
Support from the broader market would be needed for EOS to move back through to $5.00 levels.
Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $5.2361 would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $5.3900.
Failure to move back through the $4.9726 pivot and would bring the first major support level at $4.7090 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.5552 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.7090
First Major resistance Level: $5.1264
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 slid by 4.82% on Wednesday. Following a 2.83% fall on Tuesday, Stellar’s Lumen ended the day at $0.3176.
A mixed start to the day saw Stellar’s Lumen rise to a late morning intraday high $0.3421 before hitting reverse.
Falling short of the first major resistance level at $0.34707, Stellar’s Lumen slid to a late intraday low $0.3146.
Stellar’s Lumen fell through the first major support level at $0.3250 and the second major support level at $0.3163.
More significantly, Stellar’s Lumen also fell through the 62% FIB of $0.3216.
Finding late support, however, Stellar’s Lumen broke back through the second major support level to end the day at $0.317 levels.
At the time of writing, Stellar’s Lumen was up by 1.62% to $0.3228. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3161 before rising to a high $0.3230.
While leaving the major support and resistance levels untested early on, Stellar’s Lumen broke through the 62% FIB of $0.3216.
For the day ahead
Stellar’s Lumen would need to move through the $0.3248 pivot to bring the first major resistance level at $0.3349 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.33 levels.
Barring an extended rally, the first major resistance level and resistance at $0.34 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.36 before any pullback. The second major resistance level sits at $0.3523.
Failure to move through the $0.3248 pivot would bring the 62% FIB of $0.3216 and the first major support level at $0.3074 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.2973.
A sustained fall through the 62% FIB of $0.3216 would form a near-term bearish trend from 16th May’s swing hi $0.7978.
Looking at the Technical Indicators
First Major Support Level: $0.3074
First Major Resistance Level: $0.3349
23.6% FIB Retracement Level: $0.6160
38% FIB Retracement Level: $0.5035
62% FIB Retracement Level: $0.3216
Tron’s TRX
Tron’s TRX fell by 4.01% on Wednesday. Reversing a 0.24% gain from Tuesday, Tron’s TRX ended the day at $0.06903.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.07289 before hitting reverse.
Falling short of the first major resistance level at $0.07328, Tron’s TRX slid to a late intraday low $0.06825.
Tron’s TRX fell through the first major support level at $0.7060 and the second major support level at $0.06928 to end the day at $0.0690 levels
At the time of writing, Tron’s TRX was up by 1.32% to $0.06994. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06842 before rising to a high $0.07041.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through $0.07006 pivot to bring the first major resistance level at $0.07186 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.071 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.07289 would likely cap any upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at the 62% FIB of $0.07480 before any pullback. The second major resistance level sits at $0.07470.
Failure to move back through the $0.07006 pivot would bring the first major support level at $0.06722 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06542.
A sustained fall back through the 62% FIB of $0.0748 would form a near-term bearish trend from April’s swing hi $0.1844.
Looking at the Technical Indicators
First Major Support Level: $0.06722
First Major Resistance Level: $0.07186
23.6% FIB Retracement Level: $0.1426
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
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