It's a bullish start to the day. Failure to move through the day's pivot levels, however, could deliver another day in the red.
EOS slid by 8.18% on Tuesday. Revising most of a 7.61% rally on Monday, EOS ended the day at $2.9940.
A mixed start to the day saw EOS rise to a late morning intraday high $3.3555 before hitting reverse.
Falling short of the first major resistance level at $3.3758, EOS slid to a mid-day intraday low $2.8861.
The sell-off saw EOS fall through the first major support level at $3.0721 before finding support.
Steering clear of the second major support level at $2.8819, EOS briefly revisited $3.18 levels before a 2nd sell-off.
EOS fell back through the first major support level to wrap up the day at sub-$3.0 levels.
At the time of writing, EOS was up by 1.77% to $3.0470. A mixed start to the day saw EOS fall to an early morning low $2.9411 before rising to a high $3.0509.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $3.0785 pivot level to support a run at the first major resistance level at $3.2710.
Support from the broader market would be needed, however, for EOS to break back through to $2.20 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended rally, EOS could test resistance at $3.4 before any pullback. The second major resistance level sits at $3.5479.
Failure to move through the pivot level at $3.0785 would bring the first major support level at $2.8016 into play.
Barring another extended sell-off, however, EOS should steer of the second major support level at $2.6091.
First Major Support Level: $2.8016
First Major resistance Level: $3.2710
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen slid by 9.45% on Tuesday. Reversing a 4.46% rise from Monday, Stellar’s Lumen ended the day at $0.18380.
Tracking the broader market, Stellar’s Lumen rose to a late morning intraday high $0.20450 before hitting reverse.
Falling short of the first major resistance level at $0.21024, Stellar’s Lumen slid to a mid-day intraday low $0.17304.
The sell-off saw Stellar’s Lumen fall through the first major support level at $0.19249 and the second major support level at $0.18200. Stellar’s Lumen also fell through the 62% FIB of $0.1989.
Finding support in the early afternoon, Stellar’s Lumen briefly revisited $0.194 levels before falling back into the deep red.
Stellar’s Lumen boke back through the second major support level and first major support level before falling back to sub-$0.19 levels.
At the time of writing, Stellar’s Lumen was up by 1.43% to $0.18643. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.17914 before rising to a high $0.18698.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through the $0.18711 pivot level to support a run at the 62% FIB of $0.1989 and the first major resistance level at $0.20119.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.20 levels.
Barring an extended crypto rally, the second major resistance level and Tuesday’s high $0.2045 would likely cap any upside.
In the event of another breakout, Stellar’s Lumen could test resistance at $0.21 before any pullback. The second major resistance level sits at $0.21857.
Failure to move through the pivot level at $0.18711 would bring the first major support level at $0.16973 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.16 levels. The second major support level sits at $0.15565.
First Major Support Level: $0.16973
First Major Resistance Level: $0.20119
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX slid by 7.04% on Tuesday. Reversing a 5.06% gain from Monday, Tron’s TRX ended the day at $0.030222.
It was a mixed start to the day. Tron’s TRX rose to an early morning intraday high $0.03433 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.03368 before sliding to a mid-day intraday low $0.02868.
The reversal saw Tron’s TRX fall through the first major support level to test support at the second major support level at $0.02871. Tron’s TRX also fell through the 23.6% FIB of $0.0291.
Finding support in the early afternoon Tron’s TRX briefly move back through to $0.031 levels before falling back to $0.029 levels.
While falling back through the first major support level, Tron’s TRX found support at the 23.6% FIB of $0.0291. A late move back through to $0.030 levels limited the downside on the day.
At the time of writing, Tron’s TRX was up by 1.21% to $0.030589. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02954 before rising to a high $0.03060.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through the $0.03108 pivot level to support a run at the first major resistance level at $0.03347.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.033 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, resistance at $0.035 would likely come into play. The second major resistance level sits at $0.03673.
Failure to move through the $0.03108 pivot level would bring the 23.6% FIB and the first major support level at $0.02782 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.027 levels. The second major support level sits at $0.02543.
First Major Support Level: $0.02782
First Major Resistance Level: $0.03347
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
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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.