FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
Cryptomania

EOS

EOS rallied by 14.26% on Tuesday. Reversing a 3.71% loss from Monday, EOS ended the day at $7.3862.

A mixed start to the day saw EOS fall to an early morning intraday low $6.4915 before making a move.

Advertisement
Know where the Market is headed? Take advantage now with 

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.

While steering clear of the first major support level at $6.2132, EOS fell through the 23.6% FIB of $6.5200.

Finding early support, however, EOS broke back through the 23.6% FIB to a late afternoon intraday high $7.5885.

EOS also broke through the first major resistance level at $6.8055 and the second major resistance level at $7.1372.

While easing back late in the day, EOS avoided the second major resistance level to wrap up the day at $7.38 levels.

At the time of writing, EOS was up by 5.14% to $7.7655. A bullish start to the day saw EOS rise from an early morning low $7.3235 to a high $7.9826.

EOS tested the first major resistance level at $7.8193 early on.

For the day ahead

EOS would need to avoid the $7.1554 pivot level to support another run at the first major resistance level at $7.8193.

Support from the broader market would be needed, however, for EOS to break back through to $7.80 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $8.00 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $8.50 before any pullback. The second major resistance level sits at $8.2524.

Failure to avoid a fall through the $7.1554 pivot would bring the first major support level at $6.7223 into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $6.0584. The 23.6% FIB of $6.5200 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $6.7223

First Major resistance Level: $7.8193

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 rallied by 11.35% on Tuesday. Following on from a 1.11% gain on Monday, Stellar’s Lumen ended the day at $0.6574.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.5766 before making a move.

Steering clear of the first major support level at $0.5686, Stellar’s Lumen rallied to a late intraday high and a new swing hi $0.6839.

Stellar’s Lumen broke through the day’s major resistance levels before a pullback to $0.637 levels.

The pullback saw Stellar’s Lumen fall back through the third major resistance level at $0.6713 to end the day at $0.65 levels.

At the time of writing, Stellar’s Lumen was up by 0.83% to $0.6629. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.6721 before falling to a low $0.6549.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid the pivot level at $0.6393 to bring the first major resistance level at $0.7020 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Tuesday’s new swing hi $0.6839.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.75. The second major resistance level sits at $0.7466.

Failure to avoid a fall through the $0.6393 pivot would bring the first major support level at $0.5947 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer well clear of the second major support level at $0.5320.

Looking at the Technical Indicators

First Major Support Level: $0.5947

First Major Resistance Level: $0.7020

23.6% FIB Retracement Level: $0.5289

38% FIB Retracement Level: $0.4331

62% FIB Retracement Level: $0.2781

Tron’s TRX

Tron’s TRX rallied by 13.16% on Tuesday. Following on from a 6.16% gain on Monday, Tron’s TRX ended the day at $0.1462.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1267 before making a move.

Steering clear of the first major support level at $0.1207, Tron’s TRX rallied to a late intraday high and a new swing hi $0.1562.

Tron’s TRX broke through the first major resistance level at $0.1377 and the second major resistance level at $0.1463.

Falling short of $0.16 levels, Tron’s TRX slipped back through the second major resistance level to end the day at $0.1462.

At the time of writing, Tron’s TRX was up by 2.92% to $0.1505. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1426 before rising to a high $0.1552.

Tron’s TRX left the major support and resistance levels untested early on.

For the Day Ahead

Tron’s TRX need to avoid a fall through the $0.1430 pivot to bring the first major resistance level at $0.1594 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s new swing hi $0.1562.

Barring an extended crypto rally, the first major resistance level and resistance at $0.16 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.18 before any pullback. The second major resistance level sits at $0.1725.

Failure to avoid a fall through the $0.1430 pivot would bring the first major support level at $0.1299 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of the second major support level at $0.1123. The 23.6% FIB of $0.1210 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1299

First Major Resistance Level: $0.1594

23.6% FIB Retracement Level: $0.1210

38.2% FIB Retracement Level: $0.0992

62% FIB Retracement Level: $0.0641

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

Trade With A Regulated Broker