EOS
EOS fell by 0.74% on Wednesday. Partially reversing a 1.54% gain from Tuesday, EOS ended the month down by 19.7% to $2.5792.
It was a mixed start to the day. EOS rose to an early morning intraday high $2.6012 before hitting reverse.
Falling short of the first major resistance level at $2.6242, EOS slid to a midday intraday low $2.5509.
Steering clear of the first major support level at $2.5604, EOS rallied to a final hour high $2.5884 before easing back.
At the time of writing, EOS was up by 0.30% to $2.5870. A mixed start to the day saw EOS fall to an early morning low $2.5702 before rising to a high $2.5927.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5771 pivot level to support a run at the first major resistance level at $2.6033.
Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.6012.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $2.5771 would bring the first major support level at $2.5530 into play.
Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels. The second major support level at $2.5268 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $2.5530
First Major resistance Level: $2.6033
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 1.07% on Wednesday. Following on from a 1.30% gain on Tuesday, Stellar’s Lumen ended the month down by 22.6% to $0.07490.
It was a bearish start to the day. Stellar’s Lumen fell to a midday intraday low $0.072060 making a move.
Stellar’s Lumen fell through the first major support level at $0.07243 before striking a final hour intraday high $0.075051.
Falling short of the first major resistance level at $0.07539, Stellar’s Lumen slipped back to end the day at sub-$0.075 levels.
At the time of writing, Stellar’s Lumen was up by 0.29% to $0.075118. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.074704 before rising to a high $0.075125.
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 $0.074 pivot to support a run at the first major resistance level at $0.07595.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.075125.