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EOS
EOS rebounded 4.42% on Wednesday. Reversing a 1.09% decline from Tuesday, EOS ended the day at $ 3.8289.
A mixed start to the day saw EOS fall to an intraday low of $ 3.6367 early in the morning before moving into action.
Well away from the first major support level at $ 3.5335, EOS hit an intraday high of $ 4.0767 late in the morning.
EOS broke through the first major resistance level at $ 3.8381 and the second major resistance level at $ 4.0036.
Below the $ 4.10 levels, EOS fell back through the first major resistance level to levels below $ 3.80 before finding support.
EOS briefly broke through the first major resistance level at $ 3.8381 before ending the day at levels below $ 3.83.
At the time of writing, EOS was up 0.56% to $ 3.8502. A mixed start to the day saw EOS drop to an early morning low of $ 3.7525 before climbing to $ 3.8631.
EOS left major support and resistance levels untested early on.
For the day ahead
EOS should avoid a pullback from the $ 3.7474 pivot level to support a run to the first major resistance level at $ 4.0582.
However, broader market support would be needed for EOS to revert to $ 4.00 levels.
Barring a prolonged crypto rally, the first major resistance level and Wednesday’s $ 4.0767 high would likely cap any rise.
In the event of a prolonged rally, EOS could test resistance at $ 4.30 before any pullbacks. The second major resistance level is located at $ 4.2874.
Failure to avoid a pullback through the $ 3.8474 pivot would bring the first major support level to $ 3.6182 in play.
Unless there is an extended sale, however, EOS should avoid levels below $ 3.50. The second major support level stands at $ 3.4074.
A look at technical indicators
First Major Support Level: $ 3.6182
First major resistance level: $ 4.0582
23.6% FIB retracement level: $ 6.52
38% FIB retracement level: $ 9.68
62% FIB retracement level: $ 14.77
Stellar lumen
Stellar’s lumen rose 0.45% on Wednesday. Partially reversing a loss of 2.78% from Tuesday, Stellar’s Lumen ended the day at $ 0.4210.
A bearish start to the day saw the Stellar Lumen fall to an intraday low of $ 0.4120 early in the morning before moving into action.
Avoiding the first major support level at $ 0.3986, Stellar’s Lumen hit an intraday high of $ 0.4385 by midday.
Against the first major resistance level at $ 0.4381, the Stellar Lumen returned to levels below $ 0.42 before finding support.
A late return to the $ 0.42 levels brought an improvement for the day.
At the time of writing, Stellar’s Lumen was up 0.50% to $ 0.4231. A mixed start to the day saw Stellar’s Lumen drop to an early morning low of $ 0.4170 before climbing to $ 0.4237.
Stellar’s Lumen left major support and resistance levels untested early on.
For the day ahead
Stellar Lumen is expected to break through the pivot level at $ 0.4238 to bring into play the first major resistance level at $ 0.4357.
However, broader market support would be needed for Stellar’s Lumen to return to $ 0.43.
Barring a prolonged crypto rally, the first major resistance level and Wednesday’s high of $ 0.4385 would likely cap any rise.
In the event of a prolonged rally, Stellar’s Lumen could test the second major resistance level at $ 0.4503.
Failure to break through the $ 0.4238 pivot would bring the first major support level to $ 0.4092 in play.
Unless another extended crypto sell-off, however, Stellar’s Lumen is expected to avoid levels below $ 0.40. The second major support level is at $ 0.3973.
A look at technical indicators
First Major Support Level: $ 0.4092
First major resistance level: $ 0.4357
23.6% FIB retracement level: $ 0.3426
38% FIB retracement level: $ 0.2823
62% FIB retracement level: $ 0.1850
TRX from Tron
Tron’s TRX rallied 4.00% on Wednesday. Reversing a 1.26% decline from Tuesday, Tron’s TRX ended the day at $ 0.04887.
A choppy start to the day saw Tron’s TRX fall to an intraday low of $ 0.04624 early in the morning before moving into action.
Avoiding the first major support level at $ 0.04501, Tron’s TRX hit an intraday high of $ 0.05049 by midday.
Tron’s TRX broke through the first major resistance level at $ 0.04929 to review the $ 0.050 levels before falling back to levels below $ 0.048.
Finding late support, Tron’s TRX broke through the first major resistance level at $ 0.04929 to revisit the $ 0.0499 levels before retreating.
Resistance at $ 0.050 pinned Tron’s TRX late in the day.
At the time of writing, Tron’s TRX was up 2.15% to $ 0.04992. A mixed start to the day saw Tron’s TRX drop to an early morning low of $ 0.04790 before hitting a high of $ 0.04996.
Tron’s TRX left major support and resistance levels untested early on.
For the day ahead
Tron’s TRX needs to avoid a fall from the pivot level at $ 0.04853 to bring into play the first major resistance level at $ 0.05083.
However, broader market support would be needed for Tron’s TRX to return to levels of $ 0.050.
Barring a prolonged crypto rally, the first major resistance level and Wednesday’s $ 0.05049 high would likely cap any rise.
In the event of a prolonged rally, Tron’s TRX could test resistance at $ 0.053 before any pullbacks. The second major resistance level is located at $ 0.05278.
Failure to avoid a fall through the $ 0.04853 pivot would bring into play the first major support level at $ 0.04658.
Unless an extended sell-off, however, Tron’s TRX should avoid levels below $ 0.045. The second major support level is at $ 0.04428.
A look at technical indicators
First Major Support Level: $ 0.04658
First major resistance level: $ 0.05083
23.6% FIB retracement level: 0.03211 USD
38.2% FIB retracement level: $ 0.0428
62% FIB retracement level: $ 0.0648
Let us know what you think in the comments below.
Thanks, Bob
This article originally appeared on FX Empire
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