EOS
EOS rose by 1.54% on Wednesday. Partially reversing a 3.66% slide on Tuesday, EOS ended the day at $3.7422.
A mixed start to the day saw EOS fall to an early morning intraday low $3.6363 before making a move.
Steering clear of the first major support level at $3.5960, EOS rose to a mid-day intraday high $3.8714.
EOS broke through the first major resistance level at $3.8372 before sliding back to end the day at sub-$3.75 levels.
At the time of writing, EOS was up by 0.09% to $3.7457. A mixed start to the day saw EOS fall to an early morning low $3.7241 before rising to a high $3.7683.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $3.7500 pivot to bring the first major resistance level at $3.8636 into play.
Support from the broader market would be needed to break back through to $3.85 levels.
Barring a broad-based crypto rally, the first major resistance and Wednesday’s high $3.8714 would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $3.9851 before any pullback.
Failure to move back through the $3.7500 pivot would bring the first major support level at $3.6285 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level at $3.5149 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3.6285
First Major resistance Level: $3.8636
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 4.98% on Wednesday. Reversing a 3.57% fall from Tuesday, Stellar’s Lumen ended the day at $0.2696.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2551 before making a move.
Steering clear of the first major support level at $0.2512, Stellar’s Lumen rallied to an early afternoon intraday high $0.2792.
Stellar’s Lumen broke through the first major resistance level at $0.2663 and the second major resistance level at $0.2758.
A pullback to sub-$0.27 levels, however, saw Stellar’s Lumen fall back through the second major resistance level.
At the time of writing, Stellar’s Lumen was up by 0.58% to $0.2712. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2684 before rising to a high $0.2719.
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 back through the $0.2680 pivot to bring the first major resistance level at $0.2808 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.2750 levels.
Barring an extended rally, the first major resistance level and Wednesday’s high $0.2792 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2921.
A fall back through the $0.2680 pivot would bring the first major support level at $0.2567 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level sits at $0.2567.
Looking at the Technical Indicators
First Major Support Level: $0.2567
First Major Resistance Level: $0.2808
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 rose by 3.72% on Wednesday. Partially reversing a 3.18% slide from Tuesday, Tron’s TRX ended the day at $0.08598.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08238 before making a move.
Steering clear of the first major support level at $0.08116, Tron’s TRX rallied to a mid-day intraday high $0.08813.
Tron’s TRX broke through the first major resistance level at $0.08615 before briefly falling back to sub-$0.085 levels.
At the time of writing, Tron’s TRX was up by 0.33% to $0.08626. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08533 before rising to a high $0.08649.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall back through the $0.08550 pivot to bring the first major resistance level at $0.08861 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.088 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.08813 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.095 levels before any pullback. The second major resistance level sits at $0.09125.
A fall back through the $0.08550 pivot would bring the first major support level at $0.08286 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level at $0.07975 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.08286
First Major Resistance Level: $0.08861
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