EOS
EOS slid by 8.29% on Tuesday. Following a 3.07% loss on Monday, EOS ended the day at $5.0624.
A mixed start to the day saw EOS rise to a midday intraday high $5.6871 before hitting reverse.
Falling short of the first major resistance level at $5.8278, EOS slid to a late intraday low $5.0033.
EOS fell through the first major support level at $5.3328 and the second major support level at $5.1460 to end the day at sub-$5.10 levels.
At the time of writing, EOS was down by 2.68% to $4.9267. A mixed start to the day saw EOS rise to an early morning high $5.1272 before falling to a low $4.9157.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through $5.2509 pivot to bring the first major resistance level at $5.4986 back into play.
Support from the broader market would be needed to break out from to $5.30 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $5.6871 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $6.00 before any pullback. The second major resistance level sits at $5.9347.
Failure to move through the $5.2509 pivot would bring the first major support level at $4.8148 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$4.70 levels. The second major support level sits at $4.5671.
Looking at the Technical Indicators
First Major Support Level: $4.8148
First Major resistance Level: 5.4986
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 slid by 8.18% on Tuesday. Following a 4.99% decline on Monday, Stellar’s Lumen ended the day at $0.3412.
A mixed start to the day saw Stellar’s Lumen rise to a midday intraday high $0.3839 before hitting reverse.
Falling short of the first major resistance level at $0.3976, Stellar’s Lumen slid to a late intraday low $0.3395.
Stellar’s Lumen fell through the first major support level at $0.3581 and the second major support level at $0.3445.
More significantly, Stellar’s Lumen also fell through the 23.6% FIB of $0.3402 before a partial recovery to end the day at $0.3412.
At the time of writing, Stellar’s Lumen was down by 1.38% to $0.3364. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3458 before falling to a low $0.3354.
While Stellar’s Lumen left the major support and resistance levels untested, Stellar’s Lumen fell through the 23.6% FIB of $0.3402.
For the day ahead
Stellar’s Lumen would need to move through the 23.6% FIB of $0.3402 and the $0.3549 pivot to bring the first major resistance level at $0.3702 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.37 levels.
Barring an extended rally, the first major resistance level and Tuesday’s high at $0.3839 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.3993.
Failure to move through the 23.6% FIB of $0.3402 and the $0.3549 pivot would bring the first major support level at $0.3258 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3105.
Looking at the Technical Indicators
First Major Support Level: $0.3258
First Major Resistance Level: $0.3702
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX slid by 4.69% on Tuesday. Following a 3.82% fall on Monday, Tron’s TRX ended the day at $0.08534.
A mixed start to the day saw Tron’s TRX rise to a midday intraday high $0.09253 before hitting reverse.
Falling short of the first major resistance level at $0.09497, Tron’s TRX slid to a late intraday low $0.08443.
The sell-off saw Tron’s TRX fall through the first major support level at $0.08617 to end the day at $0.085 levels.
At the time of writing, Tron’s TRX was down by 1.36% to $0.08378. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.08615 before falling to a low $0.08378.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move through the $0.08743 pivot to bring the first major resistance level at $0.09044 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.090 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.09253 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at the 38.2% FIB of $0.09890. The second major resistance level sits at $0.09553.
Failure to move through the $0.08743 pivot would bring the first major support level at $0.08234 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.07933 and the 23.6% FIB of $0.07870.
Looking at the Technical Indicators
First Major Support Level: $0.08234
First Major Resistance Level: $0.09044
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
