It's been a bearish start to the day. Failure to move through the day's pivot levels would leave support levels in play.
EOS slipped by 0.02% on Tuesday. Following a 2.08% gain on Monday, EOS ended the day at $4.0244.
A mixed start to the day saw EOS rise to an early morning intraday high $4.0956 before hitting reverse.
Falling short of the first major resistance level at $4.1599, EOS slid to a mid-day intraday low $3.8650.
EOS fell through the first major support level at $3.8897 before briefly revisiting $4.08 levels.
At the time of writing, EOS was down by 0.63% to $3.9990. A mixed start to the day saw EOS rise to an early morning high $4.0419 before falling to a low $3.9830.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall back through the $3.9950 pivot to bring the first major resistance level at $4.1250 into play.
Support from the broader market would be needed for EOS to break back through to $4.10 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $4.0956 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.30. The second major resistance level sits at $4.2256.
A fall back through the $3.9950 pivot would bring the first major support level at $3.8944 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.7644.
First Major Support Level: $3.8944
First Major resistance Level: 4.1250
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 0.04% on Tuesday. Partially reversing a 0.36% decline from Monday, Stellar’s Lumen ended the day at $0.2742.
A mixed start saw Stellar’s Lumen rise to an early morning intraday high $0.2789 before hitting reverse.
Falling short of the first major resistance level at $0.2842, Stellar’s Lumen slid to a mid-day intraday low $0.2643.
Stellar’s Lumen fell through the first major support level at $0.2664 before briefly revisiting $0.276 levels.
At the time of writing, Stellar’s Lumen was down by 0.98% to $0.2716. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2747 before falling to a low $0.2702.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move back through the $0.2725 pivot to bring the first major resistance level at $0.2806 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.2789.
Barring an extended rally, the first major resistance level would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2871.
Failure to move back through the $0.2725 pivot would bring the first major support level at $0.2660 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2579.
First Major Support Level: $0.2660
First Major Resistance Level: $0.2806
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX fell by 1.31% on Tuesday. Partially reversing a 3.21% gain from Monday, Tron’s TRX ended the day at $0.06415.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.06576 before hitting reverse.
Falling short of the first major resistance level at $0.06663, Tron’s TRX slid to a mid-day intraday low $0.06261.
Finding support at the first major support level at $0.06269, Tron’s TRX briefly revisited $0.065 levels before easing back.
At the time of writing, Tron’s TRX was down by 1.17% to $0.06339. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06435 before falling to a low $0.06339.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move back through the $0.06417 pivot to bring the first major resistance level at $0.06574 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.065 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.06576 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.68. The second major resistance level sits at $0.06732.
Failure to move back through the $0.06417 pivot would bring the first major support level at $0.06259 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.06 levels. The second major support level at $0.06102 should limit the downside.
First Major Support Level: $0.06259
First Major Resistance Level: $0.06574
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.