It's a bearish start to the day. Failure to reverse the losses by late morning would bring support levels into play.
EOS fell by 0.60% on Tuesday. Following on from a 2.57% slide on Monday, EOS ended the day at $2.6329.
A bullish start to the day saw EOS strike an early morning intraday high $2.6993 before hitting reverse.
Falling short of the first major resistance level at $2.7560, EOS slid to an early afternoon intraday low $2.5048.
The sell-off saw EOS fall through the first major support level at $2.5750.
Coming within range of the second major support level at $2.5014, EOS revisited $2.66 levels before falling back into the red.
At the time of writing, EOS was down by 0.61% to $2.6167. A mixed start to the day saw EOS rise to an early morning high $2.6567 before falling to a low $2.5826.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall back through the $2.6123 pivot level to support a run at the first major resistance level at $2.7199.
Support from the broader market would be needed, however, for EOS to break back through to $2.70 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 $2.80 before any pullback. The second major resistance level sits at $2.8068.
Failure to avoid a fall back through the pivot level at $2.6123 would bring the first major support level at $2.5254 into play.
Barring another extended sell-off, however, EOS should steer clear of the second major support level at $2.4178.
First Major Support Level: $2.5254
First Major resistance Level: $2.7199
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 0.27% on Tuesday. Partially reversing a 3.87% slide from Monday, Stellar’s Lumen day at $0.2618.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.2653 before hitting reverse.
Falling short of the first major resistance level at $0.2725, Stellar’s Lumen fell to an early afternoon intraday low $0.2488.
The sell-off saw Stellar’s Lumen slide through the first major support level at $0.2548.
Finding support at the second major support level at $0.2485, Stellar’s Lumen moved back through to $0.26 levels to reverse the losses from the day.
At the time of writing, Stellar’s Lumen was down by 1.18% to $0.2587. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2624 before sliding to a low $0.2575.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid a fall back through the $0.2586 pivot to bring the first major resistance level at $0.2685 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.2653.
Barring an extended crypto rally, the first major resistance level and resistance at $0.27 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.28 before any pullback. The second major resistance level sits at $0.2751.
Failure to avoid a fall back through the $0.2586 pivot would bring the first major support level at $0.2520 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear sub-$0.24 levels. The second major support level at $0.2421 should limit the downside.
First Major Support Level: $0.2520
First Major Resistance Level: $0.2685
23.6% FIB Retracement Level: $0.3187
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX slipped by 0.34% on Tuesday. Following on from a 1.17% loss on Monday, Tron’s TRX ended the day at $0.02958.
Tracking the broader market, Tron’s TRX rose to an early morning intraday high $0.03028 before hitting reverse.
Falling short of the first major resistance level at $0.03214, Tron’s TRX slid to an early afternoon intraday low $0.02807.
The sell-off saw Tron’s TRX fall through the 23.6% FIB of $0.0291.
Finding support at the first major support level at $0.02809, Tron’s TRX broke back through the 23.6% FIB to end the day at $0.0295 levels.
At the time of writing, Tron’s TRX was down by 0.96% to $0.02930. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.02965 before falling to a low $0.02870.
While steering clear of the major support and resistance levels, Tron’s TRX briefly fell back through the 23.6% FIB of $0.0291.
Tron’s TRX need to move back through the $0.02931 pivot to bring the first major resistance level at $0.03055 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.030 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.03028 would likely cap any upside.
In the event of an extended rally Tron’s TRX could resistance at $0.032 before any pullback. The second major resistance level sits at $0.03152.
Failure to move back through the $0.02931 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02834 into play.
Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.027 levels. The second major support level at off $0.02710 should limit the downside.
First Major Support Level: $0.02834
First Major Resistance Level: $0.03055
23.6% FIB Retracement Level: $0.03211
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.