Ethereum<\/p>\n
Ethereum fell by 1.31% on Monday. Following on from a 0.42% decline on Sunday, Ethereum ended the day at $148.97.<\/p>\n
Another bearish start to the day saw Ethereum slide from an early morning intraday high $151.65 to a mid-morning intraday low $146.82.<\/p>\n
Steering clear of the major resistance levels, Ethereum fell through the first major support level at $147.07.<\/p>\n
Finding support in the late morning, Ethereum briefly recovered to $150 levels before sliding back through the first major support level.<\/p>\n
Off the back of a late afternoon low $146.91, Ethereum recovered to $149 levels before wrapping up the day at $148 levels.<\/p>\n
Whilst closing out the day in the red, a move back through the first major support level was key.<\/p>\n
The extended bearish trend, formed at late April 2018s swing hi $828.97, remained firmly intact. A reversal from Junes current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.<\/p>\n
At the time of writing, Ethereum was down by 0.01% to $148.96. A mixed start to the day saw Ethereum rise to an early morning high $150.0 before falling to a low $148.7.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/p>\n
Ethereum would need to move back through to $149.2 levels to support a run at the first major resistance level at $151.47.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out from $150 levels.<\/p>\n
Barring a broad-based crypto rally on the day, the first major resistance level and Monday high $151.65 would likely limit any upside.<\/p>\n
Failure to move through to $149.20 levels could see Ethereum spend a 4th consecutive day in the red.<\/p>\n
A fall through to $148.5 levels would bring the first major support level at $146.64 into play before any recovery.<\/p>\n
Barring a crypto meltdown, however, Ethereum should steer clear of sub-$145 levels on the day.<\/p>\n
Major Support Level: $146.64<\/p>\n
Major Resistance Level: $151.47<\/p>\n
23.6% FIB Retracement Level: $257<\/p>\n
38.2% FIB Retracement Level: $367<\/p>\n
62% FIB Retracement Level: $543<\/p>\n
Stellars Lumen slid by 2.64% on Monday. Reversing a 0.84% gain from Sunday, Stellars Lumen ended the day at $0.056228.<\/p>\n
Tracking the broader market, Stellars Lumen slid from an early morning intraday high $0.05775 to a late morning low $0.056067.<\/p>\n
Steering clear of the major resistance levels, Stellars Lumen fell through the first major support level at $0.0564.<\/p>\n
Finding support in the late morning, Stellars Lumen recovered to $0.0572 levels before hitting reverse for a 2nd time.<\/p>\n
The reversal saw Stellars Lumen slide to a late intraday low $0.05600. Stellars Lumen fell back through the first major support level at $0.05640.<\/p>\n
Whilst finding support in the final hour to move back through to $0.05620 levels, Stellars Lumen failed to break back through the first major resistance level.<\/p>\n
The extended bearish trend remained firmly intact, reaffirmed by 24th Septembers new swing lo $0.051614. Stellars Lumen continued to fall short of the 23.6% FIB of $0.1310 following a pullback from $0.13 levels in late June.<\/p>\n
At the time of writing, Stellars Lumen was down by 0.34% to $0.056036. At the start of the day, Stellars Lumen fell from an end of Monday $0.056228 to an early morning low $0.056036.<\/p>\n
Story continues<\/p>\n
Stellars Lumen left the major support and resistance levels untested early on.<\/p>\n
Stellars Lumen would need to move through to $0.0567 levels to support a run at the first major resistance level at $0.0573.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break through to $0.057 levels.<\/p>\n
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside on the day.<\/p>\n
In the event of a breakout, the second major resistance level at $0.0584 would likely come into play.<\/p>\n
Failure to move through to $0.0567 levels could see Stellars Lumen struggle throughout the day.<\/p>\n
A fall back to sub-$0.056 levels would bring the first major support level at $0.0556 into play before any recovery.<\/p>\n
Barring an extended sell-off, however, Stellars Lumen should steer clear of sub-$0.055 levels.<\/p>\n
The second major support level at $0.0550 would likely limit any downside on the day.<\/p>\n
Major Support Level: $0.05560<\/p>\n
Major Resistance Level: $0.05730<\/p>\n
23.6% FIB Retracement Level: $0.1114<\/p>\n
38% FIB Retracement Level: $0.1484<\/p>\n
62% FIB Retracement Level: $0.2082<\/p>\n
Please let us know what you think in the comments below.<\/p>\n
Thanks, Bob<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Read more from the original source: <\/p>\n
Ethereum and Stellars Lumen Daily Tech Analysis 03\/12\/19 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum Ethereum fell by 1.31% on Monday. Following on from a 0.42% decline on Sunday, Ethereum ended the day at $148.97. Another bearish start to the day saw Ethereum slide from an early morning intraday high $151.65 to a mid-morning intraday low $146.82. Continue reading