EOS
EOS rose 0.19% on Sunday. After gaining 2.75% on Saturday, EOS ended the week up 7.61% to $ 4.7544.
A bullish start to the day caused EOS to rally to a late morning intraday high of $ 5.0832 before moving into reverse.
EOS broke the first major resistance level at $ 4.8254 and the second major resistance level at $ 4.9048.
However, the reversal caused EOS to slide to an intraday low of $ 4.6581 in the late afternoon.
To bypass the first major support level at $ 4.6206, EOS hit the $ 4.77 level before falling again.
At the time of writing, EOS is down 0.19% to $ 4.7454. After a mixed start to the day, EOS fell to an early morning low of $ 4.7136 before rising to a high of $ 4.7670.
EOS left key support and resistance levels untested early on.
For the next day
EOS would have to move through the $ 4.8319 pivot to bring into play the first major resistance level at $ 5.0057.
It would require support from the broader market to break out of the $ 4.85 level.
Aside from a broad crypto rally, Sunday’s first major resistance and high at $ 5.0832 would likely limit any uptrend.
In the event of a longer rally, EOS could test resistance at $ 5.30 before pulling back. The third major resistance level is at $ 5.2570.
If the $ 4.8319 pivot is not broken, the first major support level at $ 4.5806 would come into play.
Aside from a lengthy sell-off, however, EOS should stay away from under $ 4.50. The second major level of support is at $ 4.4068.
Look at the technical indicators
First major support level: $ 4.5806
First major resistance level: $ 5,0057
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 fell 1.53% on Sunday. Stellar’s Lumen reversed a 1.53% increase from Sunday and ended the week down 2.96% to $ 0.3722.
A bullish start to the day caused Stellar’s Lumens to rally to an intraday high of $ 0.3866 in the late morning before reversing.
Stellar’s Lumen broke the first major resistance level at $ 0.3813 and the second major resistance level at $ 0.3845.
The story goes on
However, the reversal caused Stellar’s Lumen to drop to an intraday low of $ 0.3664 in the late afternoon.
Stellar’s lumen fell through the first major support level at $ 0.3714 before partially recovering to end the day at $ 0.372.
At the time of writing, Stellar’s lumen rose 0.83% to $ 0.3749. After a mixed start to the day, Stellar’s Lumen fell to an early morning low of $ 0.3707 before rising to a high of $ 0.3749.
Stellar’s Lumen left key support and resistance levels untested early on.
For the next day
Stellar’s lumen would have to move through the $ 0.3751 pivot to bring the first major resistance level into play at $ 0.3837.
However, for Stellar’s Lumen to break back to the $ 0.38 level, it would require support from the broader market.
Aside from an extended rally, the first major resistance level and Sunday’s high of $ 0.3866 would likely limit the uptrend.
In the event of a large-scale crypto rally, Stellar’s Lumen could test resistance at $ 0.40 before pulling back. The second major resistance level is at $ 0.3953.
If the $ 0.3751 pivot could not be broken, the first major support level at $ 0.3635 would come into play.
Aside from an extended sell-off that day, Stellar’s Lumen should stay away from the 23.6% FIB of $ 0.3402. The second major support level at $ 0.3549 should limit the downside.
Look at the technical indicators
First major support level: $ 0.3635
First major resistance level: $ 0.3837
23.6% FIB Retracement Level: $ 0.3402
38% FIB Retracement Level: $ 0.4277
62% FIB Retracement Level: $ 0.5690
Trons TRX
Tron’s TRX fell 1.36% on Sunday. Tron’s TRX reversed a 0.50% increase from Saturday, ending the week 0.16% to $ 0.09923.
A mixed start to the day resulted in Tron’s TRX rising to a late morning intraday high of $ 0.1019 before going into reverse.
Tron’s TRX fell below the first major resistance level at $ 0.1022 and slid to an intraday low of $ 0.09687 in the late afternoon.
Tron’s TRX fell through the 38.2% FIB at $ 0.09890 and the first major support level at $ 0.09848.
However, when it found late support, Tron’s TRX broke the first major resistance level and the 38.2% FIB, ending the day at the $ 0.099 level.
At the time of writing, Tron’s TRX is down 0.39% to $ 0.09884. A mixed start to the day resulted in Tron’s TRX falling to an early morning low of $ 0.09828 before rising to a high of $ 0.09963.
Tron’s TRX left key support and resistance levels untested early on.
For the next day
Tron’s TRX would have to move back through the $ 0.09933 pivot to bring the first major resistance level into play at $ 0.1018.
However, support from the broader market would be required for Tron’s TRX to break back to the $ 0.10 level.
Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 0.1019 would likely limit the uptrend.
In the event of a large-scale crypto rally, Tron’s TRX could test resistance at $ 0.1050 before pulling back. The second major resistance level is at $ 0.1044.
Should it fail to break the $ 0.09933 pivot again, the 38.2% FIB of $ 0.09890 would be the first major support level of $ 0.09677 come into play.
However, aside from an extended sell-off, Tron’s TRX should stay well below $ 0.095. The second major level of support is at $ 0.09430.
Look at the technical indicators
First major support level: $ 0.09677
First major resistance level: $ 0.1018
23.6% FIB Retracement Level: $ 0.0787
38.2% FIB Retracement Level: $ 0.0989
62% FIB Retracement Level: $ 0.1316
Please let us know what you think in the comments below
Thanks, Bob
This article was originally published on FX Empire
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