It's a mixed start to the day, with Stellar's Lumen leading the chart. EOS and Tron's TRX would need to revisit early morning highs to bring resistance levels into play.
EOS rose by 2.57% on Tuesday. Following on from a 0.56% gain on Monday, EOS ended the day at $2.8967.
A mixed start to the day saw EOS fall from an early morning high $2.8983 to a mid-morning intraday low $2.6709.
Steering clear of the first major support level at $2.4753, EOS rallied to a late afternoon intraday high $2.9840.
Falling short of the first major resistance level at $3.1536, however, EOS eased back to end the day at sub-$2.90 levels.
At the time of writing, EOS was down by 1.08% to $2.8654. A mixed start to the day saw EOS rise to an early morning high $2.9308 before falling to a low $2.8046.
EOS left the major support and resistance levels untested early on.
EOS would need to avoid a fall back through the $2.8505 pivot level to support a run at the first major resistance level at $3.0302.
Support from the broader market would be needed, however, for EOS to break back through to $3.00 levels.
Barring another 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 $3.10 before any pullback. The second major resistance level sits at $3.1636.
Failure to avoid a fall back through the pivot level at $2.8505 would bring the first major support level at $2.7171 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.60 levels, however. The second major support level sits at $2.5374.
First Major Support Level: $2.7171
First Major resistance Level: $3.0302
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rallied by 17.79% on Tuesday. Following on from a 20.07% surge on Monday, Stellar’s Lumen ended the day at $0.19342.
A mixed morning saw Stellar’s Lumen fall to an early morning intraday low $0.15000 before making a move.
Steering clear of the first major support level at $0.13920, Stellar’s Lumen rallied to a late afternoon intraday high $0.21000.
Stellar’s Lumen broke through the first major resistance level at $0.17852 and the second major resistance level at $0.19284.
More significantly, Stellar’s Lumen also broke through the 62% FIB of $0.1989.
A late pullback, however, saw Stellar’s Lumen fall back through the 62% FIB and the second major resistance level to sub-$0.19 levels.
Finding late support, Stellar’s Lumen broke back through the second major resistance level to wrap up the day at $0.1934 levels.
At the time of writing, Stellar’s Lumen was up by 11.56% to $0.21579. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.19250 to a high $0.22000.
Stellar’s Lumen broke through the 62% FIB and the first major resistance level at $0.21895 early on.
Stellar’s Lumen would need to avoid a fall through the $0.18447 pivot level to bring the first major resistance level at $0.21895 back into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to avoid a fall back to sub-$0.21 levels.
Barring an extended crypto rally, the first major resistance level and morning high $0.22000 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.23 before any pullback. The second major resistance level sits at $0.24447.
Failure to avoid a fall through the $0.18447 pivot level would bring the first major support level at $0.15895 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.19 levels, however. The 62% FIB of $0.1989 should limit the downside.
First Major Support Level: $0.15895
First Major Resistance Level: $0.21895
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX slid by 6.95% on Tuesday. Reversing a 5.49% rally from Monday, Tron’s TRX ended the day at $0.02893.
It was also a mixed start to the day. Tron’s TRX rallied to an early morning intraday high $0.031869 before hitting reverse.
Falling well short of the first major resistance level at $0.03409, Tron’s TRX slid to an early morning intraday low $0.026809.
The reversal saw Tron’s TRX fall through the 23.6% FIB of $0.0291 to come within range of the first major support level at $0.02662.
Through the rest of the day, Tron’s TRX revisited $0.0293 levels before ending the day at $0.028 levels. The 23.6% FIB of $0.0291 pinned Tron’s TRX back on the day.
At the time of writing, Tron’s TRX was down by 2.51% to $0.028208. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.029079 before falling to a low $0.027346.
While Tron’s TRX left the major support and resistance levels untested early on, the 23.6% FIB pinned Tron’s TRX back.
Tron’s TRX would need to move through the $23.6% FIB and the 0.02920 pivot to bring the first major resistance level at $0.03160 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 would likely cap any upside.
In the event of another extended rally Tron’s TRX could resistance at $0.033 before any pullback. The second major resistance level sits at $0.03426.
Failure to move through the 23.6% FIB and the $0.02920 pivot would bring the first major resistance level at $0.02654 back into play.
Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level sits at $0.02414.
First Major Support Level: $0.02654
First Major Resistance Level: $0.03160
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.