It's a bullish start to the day. Steering clear of the day's pivot levels would support a run at the resistance levels.
EOS rose by 3.40% on Tuesday. Following a 17.20% breakout on Monday, EOS ended the day at $6.0656.
A mixed start to the day saw EOS fall to an early morning intraday low $5.7453 before making a move.
Steering clear of the first major support level at $5.2219, EOS rallied to a late morning intraday high $6.1348.
Falling short of the first major resistance level at $6.2174, EOS fell back to sub-$5.80 levels before wrapping up the day at $6.0 levels.
At the time of writing, EOS was up by 2.09% to $6.1925. A mixed start to the day saw EOS fall to an early morning low $6.0579 before rising to a high $6.2402.
EOS broke through the first major resistance level at $6.2185 early on before easing back.
EOS would need to avoid the $5.9819 pivot level to support another run at the first major resistance level at $6.2185.
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 this morning’s high $6.2402 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 $6.3714.
Failure to avoid a fall through the $5.9819 would bring the first major support level at $5.8290 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level at $5.5924 should limit the downside.
First Major Support Level: $5.8290
First Major resistance Level: $6.2185
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 5.02% on Tuesday. Following on from a 16.75% jump on Monday, Stellar’s Lumen ended the day at $0.5105.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4765 before making a move.
Steering clear of the first major support level at $0.4383, Stellar’s Lumen rallied to a late morning intraday high $0.5228.
Stellar’s Lumen broke through the first major resistance level at $0.5105 before falling back to sub-$0.50 levels.
Finding late support, however, Stellar’s Lumen broke back through the first major resistance level to end the day at $0.51 levels.
At the time of writing, Stellar’s Lumen was up by 0.66% to $0.5139. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5098 before rising to a high $0.5173.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid a fall through the pivot level at $0.5033 to bring the first major resistance level at $0.5300 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break out from Tuesday’s high $0.5228.
Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $0.5342 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.55 levels before any pullback. The second major resistance level sits at $0.5496.
Failure to avoid a fall through the $0.5033 pivot would bring the first major support level at $0.4837 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 $0.4570 should limit the downside.
First Major Support Level: $0.4837
First Major Resistance Level: $0.5300
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX rallied by 7.13% on Tuesday. Following on from a 14.77% surge on Monday, Tron’s TRX ended the day at $0.1262.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1152 before making a move.
While steering clear of the first major support level at $0.1056, Tron’s TRX fell through the 38.2% FIB of $0.1167.
Finding early morning support, however, Tron’s TRX rallied to a late morning intraday high $0.1293.
Tron’s TRX broke through the 38.2% FIB and the first major resistance level at $0.1235 before easing back. Coming up against the second major resistance level at $0.1297, Tron’s TRX fell back to sub-$0.1210 levels.
Finding late support, however, retested the first major resistance level at $0.1235 before ending the day at $0.1233 levels.
At the time of writing, Tron’s TRX was up by 2.04% to $0.1287. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1257 before rising to a high $0.1288.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall through the $0.1236 pivot to bring the first major resistance level at $0.1319 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.13 levels.
Barring an extended crypto rally, the first major resistance level 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 $0.1377.
Failure to avoid a fall through the $0.1236 pivot would bring the first major support level at $0.1178 and the 38.2% FIB of $0.1167 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 $0.1095.
First Major Support Level: $0.1178
First Major Resistance Level: $0.1319
23.6% FIB Retracement Level: $0.
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
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Thanks, Bob
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.