In This Article:
EOS
EOS slid by 8.22% on Sunday. Partially reversing a 13.22% rally from Saturday, EOS ended the week up by 2.72% to $3.9305.
A mixed start to the day saw EOS rise to an early morning intraday high $4.3962 before hitting reverse.
Falling short of the first major resistance level at $4.5608, EOS slid to a final hour intraday low $3.9267.
In spite of the sell-off, EOS avoided the first major support level at $3.8369 to end the day at $3.93 levels.
At the time of writing, EOS was up by 2.09% to $4.0127. A mixed start to the day saw EOS fall to an early morning low $3.8535 before rising to a high $4.0401.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $4.0845 pivot level to support a run at the first major resistance level at $4.2422.
Support from the broader market would be needed, however, for EOS to break back through to $4.20 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, EOS could test resistance at Sunday’s high $4.3962 before any pullback. The second major resistance level sits at $4.5540.
Failure to move through the $4.0845 pivot would bring the first major support level at $3.7727 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.75 levels. The second major support level sits at $3.6150.
Looking at the Technical Indicators
First Major Support Level: $3.7727
First Major resistance Level: $4.2422
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 4.40% on Sunday. Partially reversing a 5.14% gain from Saturday, Stellar’s Lumen ended the week down by 5.81% to $0.3888.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4087 before hitting reverse.
Falling short of the first major resistance level at $0.4204, Stellar’s Lumen slid to a late morning intraday low $0.3878.
Steering clear of the first major support level at $0.3843, Stellar’s Lumen briefly revisited $0.39 levels before falling back into the deep red.
At the time of writing, Stellar’s Lumen was up by 1.30% to $0.3939. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3878 before rising to a high $0.3955.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through the pivot level at $0.3951 to bring the first major resistance level at $0.4024 into play.