It's a bearish start to the day for the majors. Failure to move through the day's pivot levels would leave the majors in the deep red on the day.
EOS fell by 5.10% on Tuesday. Following a 5.54% slide on Monday, EOS ended the day at $3.2593.
A mixed start to the day saw EOS rise to an early morning intraday high $3.5457 before hitting reverse.
Falling short of the first major resistance level at $3.6092, EOS slid to an early morning intraday low $3.1546.
EOS fell through the first major support level at $3.3319 and the second major support level at $3.2294.
Steering clear of sub-$3.00 levels, EOS broke back through the second major support level to end the day at $3.32 levels.
At the time of writing, EOS was down by 1.40% to $3.2138. A mixed start to the day saw EOS rise to an early morning high $3.2743 before falling to a low $3.2075.
EOS left the major support and resistance levels untested early on.
EOS would need to move through the $3.3199 pivot to bring the first major resistance level at $3.4851 into play.
Support from the broader market would be needed for EOS to break back through to $3.40 levels.
Barring a broad-based crypto rally, the first major resistance level and resistance at $3.50 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $3.80 levels. The second major resistance level sits at $3.7110.
Failure to move through the $3.3199 pivot would bring the first major support level at $3.0940 into play.
Barring another extended sell-off, however, EOS should steer clear of the second major support level at $2.9288.
First Major Support Level: $3.0940
First Major resistance Level: $3.4851
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen rose by 0.24% on Tuesday. Following an 8.13% slide from Monday, Stellar’s Lumen ended the day at $0.2120.
A mixed start saw Stellar’s Lumen fall to a late morning intraday low $0.1990 before making a move.
Stellar’s Lumen fell through the first major support level at $0.2042 before rising to a late intraday high $0.2154.
Falling short of the first major resistance level at $0.2247, Stellar’s Lumen eased back to limit the upside on the day.
At the time of writing, Stellar’s Lumen was down by 1.94% to $0.2079. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2139 before falling to a low $0.2077.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move back through the $0.2088 pivot to bring the first major resistance level at $0.2186 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to move back through to $0.21 levels.
Barring an extended rally, the first major resistance level and resistance at $0.22 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.23 before any pullback. The second major resistance level sits at $0.2252.
Failure to move back through the $0.2088 pivot would bring the first major support level at $0.2022 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.1924.
First Major Support Level: $0.2022
First Major Resistance Level: $0.2186
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX slid by 5.61% on Tuesday. Following a 4.65% loss on Monday, Tron’s TRX ended the day at $0.05035.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05450 before hitting reverse.
Falling short of the first major resistance level at $0.05544, Tron’s TRX slid to a late morning intraday low $0.04894.
Tron’s TRX fell through the first major support level at $0.05220 and the second major support level at $0.05105.
Steering clear of sub-$0.48 levels, however, Tron’s TRX briefly moved back through the second major support level before ending the day at sub-$0.051 levels.
At the time of writing, Tron’s TRX was down by 0.76% to $0.04997. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05078 before falling to a low $0.04968.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through the $0.05126 pivot to bring the first major resistance level at $0.05359 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.053 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.054 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.058 levels. The second major resistance level sits at $0.05682.
Failure to move through the $0.05126 pivot would bring the first major support level at $0.04803 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04570.
First Major Support Level: $0.04803
First Major Resistance Level: $0.05359
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.