EOS
EOS tumbled by 12.00% on Wednesday. Following a 2.01% loss on Tuesday, EOS ended the day at $4.1516.
A bullish start to the day saw EOS rise to an early morning intraday high $4.7788 before hitting reverse.
Falling short of the first major resistance level at $4.8810, EOS tumbled to a late morning intraday low $3.8730.
The extended sell-off saw EOS fall through the day’s major support levels before finding late morning support.
EOS briefly broke back through the third major support level at $4.2160 before ending the day at sub-$4.20 levels.
At the time of writing, EOS was up by 1.17% to $4.2001. A mixed start to the day saw EOS fall to an early morning low $4.1518 before rising to a high $4.2399.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $4.2678 pivot to bring the first major resistance level at $4.6626 into play.
Support from the broader market would be needed to break out from $4.50 levels.
Barring a broad-based crypto rally, the first major resistance and Wednesday’s high $4.7788 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.00 levels before any pullback. The second major resistance level sits at $5.1736.
Failure to move through the $4.2678 pivot would bring the first major support level at $3.7568 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.3620.
Looking at the Technical Indicators
First Major Support Level: $3.7568
First Major resistance Level: $4.6626
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 11.52% on Wednesday. Following a 3.81% fall on Tuesday, Stellar’s Lumen ended the day at $0.3304.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3755 before hitting reverse.
Falling short of the first major resistance level at $0.3850, Stellar’s Lumen slumped to a late morning intraday low $0.3125.
The sell-off saw Stellar’s Lumen fall through the day’s major support levels and the 23.6% FIB of $0.3402.
Steering clear of sub-$0.30 levels, Stellar’s Lumen briefly broke back through the third major support level at $0.3372 before ending the day at sub-$0.3310 levels.
At the time of writing, Stellar’s Lumen was down by 0.03% to $0.3303. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3297 before rising to a high $0.3323.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.3395 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3664 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.36 levels.
Barring an extended rally, the first major resistance level and Wednesday’s high $0.3755 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 levels before any pullback. The second major resistance level sits at $0.4025.
Failure to move through the $0.3395 pivot would bring the first major support level at $0.3034 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2765.
Looking at the Technical Indicators
First Major Support Level: $0.3034
First Major Resistance Level: $0.3664
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX slid by 10.62% on Wednesday. Reversing a 1.00% gain from Tuesday, Tron’s TRX ended the day at $0.09063.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1032 before hitting reverse.
Falling short of the first major resistance level at $0.1050, Tron’s TRX slumped to a late morning intraday low $0.08835.
Tron’s TRX fell through the 38.2% FIB of $0.09890 and the day’s major support levels.
Finding late morning support, Tron’s TRX broke back through the third major support level at $0.09008 to end the day at $0.0906 levels.
At the time of writing, Tron’s TRX was up by 1.06% to $0.09160. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09064 before rising to a high $0.09245.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move through the $0.09406 pivot and the 38.2% FIB of $0.09890 to bring the first major resistance level at $0.09977 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.099 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.1032 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1089.
Failure to move through the $0.09406 pivot would bring the first major support level at $0.08492 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.07921.
Looking at the Technical Indicators
First Major Support Level: $0.08492
First Major Resistance Level: $0.09977
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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Thanks, Bob
This article was originally posted on FX Empire
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