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.
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
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
