EOS fell by 1.83% on Wednesday. Partially reversing a 3.40% gain from Tuesday, EOS ended the day at $5.9605.
A bullish start to the day saw EOS rise to an early morning intraday high $6.2331 before hitting reverse.EOS broke through the first major resistance level at $6.2185 before sliding to a mid-morning intraday low $5.6859.
The reversal saw EOS fall through the first major support level at $5.8290 before finding support.
Late in the day, EOS briefly revisited $6.00 levels before falling back to end the day at sub-$6.00 levels.
At the time of writing, EOS was down by 0.91% to $5.9060. A mixed start to the day saw EOS rise to an early morning high $5.9691 before falling to a low $5.8754.
EOS left the major support and resistance levels untested early on.EOS would need to move back through the $5.9598 pivot level to support a run at the first major resistance level at $6.2338.
Support from the broader market would be needed, however, for EOS to break back through to $6.20 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $6.2331 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at the 23.6% FIB of $6.52 before any pullback. The second major resistance level sits at $6.5070.
Failure to move back through through the $5.9598 would bring the first major support level at $5.6866 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $5.4126.
Looking at the Technical Indicators
First Major Support Level: $5.6866
First Major resistance Level: $6.2338
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Advertisement
Stellar’s Lumen
Stellar’s Lumen fell by 2.53% on Wednesday. Partially reversing a 5.02% gain from Tuesday, Stellar’s Lumen ended the day at $0.4976.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.5220 before hitting reverse.
Falling short of the first major resistance level at $0.5300, Stellar’s Lumen slid to a mid-morning intraday low $0.4740.
Stellar’s Lumen fell through the first major support level at $0.4837 before briefly revisiting $0.50 levels late in the day.
At the time of writing, Stellar’s Lumen was down by 0.90% to $0.4931. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4996 before falling to a low $0.4926.
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 $0.4979 to bring the first major resistance level at $0.5217 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.52 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.5220 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at the 23.6% FIB of $0.5342 before any pullback. The second major resistance level sits at $0.5459.
Failure to move back through the $0.4979 pivot would bring the first major support level at $0.4737 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the 38.2% FIB of $0.4373. The second major support level at $0.4499 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.4737
First Major Resistance Level: $0.5217
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX
Tron’s TRX fell by 3.01% on Wednesday. Partially reversing a 7.13% rally from Tuesday, Tron’s TRX ended the day at $0.1224.
A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1303 before hitting reverse.
Falling short of the first major resistance level at $0.1319, Tron’s TRX slid to a mid-day intraday low $0.1159.
The reversal saw Tron’s TRX fall through the first major support level at $0.1178 and the 38.2% FIB of $0.1167.
Finding late morning support, however, Tron’s TRX revisited $0.124 levels before easing back to end the day at $0.122 levels.
At the time of writing, Tron’s TRX was down by 0.47% to $0.1218. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1237 before falling to a low $0.1213.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.1229 pivot to bring the first major resistance level at $0.1298 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.1250 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.1303 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at the 23.6% FIB of $0.1426. The second major resistance level sits at $0.1373.
Failure to move back through the $0.1229 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.1154 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The second major support level sits at $0.1085.
Looking at the Technical Indicators
First Major Support Level: $0.1154
First Major Resistance Level: $0.1298
23.6% FIB Retracement Level: $0.
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
Please let us know what you think in the comments below
Thanks, Bob
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox
Email
SIGN UP
Latest ArticlesSee All
Economic9 hours ago
Warren Buffett Says U.S. Economy’s Unexpected Strength Benefits Berkshire
Sponsored
Trade with the #1 Global Value Forex Broker
Economic9 hours ago
Buffett and Munger Heap Criticism on Robinhood for Casino-Like Atmosphere
Expand Your KnowledgeSee All
What Is The DXY Index?
What are NFTs? Evrything you Need to Know About Non-Fungible Tokens
Proliferation Of Acronyms In The Investment World
Advertisement
Most Popular
Cargo containers are seen stacked outside the container
India April Trade Deficit at $15.24 Billion
Currency
The Week Ahead – Central Banks, Economic Data, and COVID-19 in Focus
USA dollars banknotes and globe on wooden desk surface.
Proliferation Of Acronyms In The Investment World
Dollar and euro bank notes on the table
Weekly Technical Market Insight: 3rd – 7th May 2021
Comex Gold
Gold … and Jimmy Carter (Part Deux?)
Top Promotions
FXTM
82% of retail CFD accounts lose money
Get $50 per Referral , Earn up to $10,000
FBS
Your capital is at risk
100% Deposit Bonus - Double Your Profit!
OCTAFX
Your capital is at risk
Trade with lowest spreads in the market starting from 0.4 pips
eToro
75% of retail CFD investors lose money
Trade Ethereum, the hottests Cryptocurrency since Bitcoin!
Sponsored
Top Brokers
1
APPLY NOW
72% of retail CFD accounts lose money
2
APPLY NOW
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
3
APPLY NOW
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
4
APPLY NOW
Your capital is at risk
5
APPLY NOW
Your capital is at risk
6
