FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
Cryptomania

EOS

EOS surged by 56.55% on Tuesday. Reversing an 11.91% slide from Monday, EOS ended the day at $14.5198.

A mixed start to the day saw EOS rise to an early morning high $9.5223 before hitting reverse.

Advertisement
Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Falling short of the 38.2% FIB of $9.68 and the first major support level at $10.7672, EOS fell to an early morning intraday low $8.6640.

Steering clear of the first major support level at $8.0222, EOS surged to a final hour intraday high $14.5507.

EOS broke through the first major resistance level at $10.7672 and the second major resistance level at $12.2583.

More significantly, EOS also broke back through the 38.2% FIB of $9.68 to come within range of the 62% FIB of $14.77 before easing back.

At the time of writing, EOS was down by 3.75% to $13.9755. A mixed start to the day saw EOS rise to an early morning high $14.9275 before falling to a low $13.9600.

While leaving the major support and resistance levels untested early on, EOS briefly broke through the 62% FIB of $14.77.

For the day ahead

EOS would need to avoid a fall through the pivot at $12.5782 to bring the 62% FIB of $14.77 and first major resistance level at $16.4923 into play.

Support from the broader market would be needed for EOS to break back through the 62% FIB.

Barring another extended rally throughout the day, the first major resistance level would likely cap the upside.

In the event of another extended breakout, EOS could test resistance at $18.0 levels. The second major resistance level sits at $18.4649.

Failure to avoid a fall through the $12.5782 pivot would bring the first major support level at $10.6056 and the 38.2% FIB of $9.68 into play.

Barring an extended sell-off, however, EOS should steer well clear of sub-$9.00 levels. The second major support level sits at $6.6915.

Looking at the Technical Indicators

First Major Support Level: $10.6056

First Major resistance Level: $16.4923

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Advertisement

Stellar’s Lumen

Stellar’s Lumen rallied by 11.72% on Tuesday. Reversing a 4.72% gain from Monday, Stellar’s Lumen ended the day at $0.7357.

A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.6792 before hitting reverse.

Falling short of the first major resistance level at $0.7527, Stellar’s Lumen fell to an early morning intraday low $0.6203.

Steering clear of the 23.6% FIB of $0.6024 and the first major support level at $0.5917, Stellar’s Lumen rallied to a late afternoon intraday high $0.7418.

Continuing to fall short of the first major resistance level, Stellar’s Lumen eased back to end the day at $0.73 levels.

At the time of writing, Stellar’s Lumen was down by 2.48% to $0.7175. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.7390 before falling to a low $0.7172.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall through the pivot level at $0.6993 to bring the first major resistance level at $0.7783 into play.

Support from the broader market would be need, however, for Stellar’s Lumen to break out from Tuesday’s high $0.7418.

Barring an extended rally, the first major resistance level and Monday’s new swing hi $0.78 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.85 before any pullback. The second major resistance level sits at $0.8208.

Failure to avoid a fall through the $0.6993 pivot would bring the first major support level at $0.6567 and the 23.6% FIB of $0.6024 into play.

Barring an extended sell-off on the day, however, Stellar’s Lumen should steer clear of sub-$0.60 levels. The second major support level sits at $0.5778.

Looking at the Technical Indicators

First Major Support Level: $0.6567

First Major Resistance Level: $0.7783

23.6% FIB Retracement Level: $0.6024

38% FIB Retracement Level: $0.4925

62% FIB Retracement Level: $0.3148

Tron’s TRX

Tron’s TRX rallied by 9.61% on Tuesday. Partially reversing an 11.51% slide Monday, Tron’s TRX ended the day at $0.1391.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1212 before making a move.

Steering clear of the 38.2% FIB of $0.1167 and the first major support level at $0.1152, Tron’s TRX rose to a late intraday high $0.1401.

Falling short of the 23.6% FIB of $0.1426 and the first major resistance level at $0.1437, Tron’s TRX eased back to sub-$0.14 levels.

At the time of writing, Tron’s TRX was up by 3.54% to $0.1440. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1383 before rising to a high $0.1459.

Tron’s TRX broke through the 23.6% FIB of $0.1426 to test the first major resistance level at $0.1457 early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall through the 23.6% FIB and the pivot at $0.1335 to bring the first major resistance level at $0.1457 back into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.1450 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.15 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.16 before any pullback. The second major resistance level sits at $0.1524.

Failure to avoid a fall through the 23.6% FIB of $0.1426 and the $0.1335 pivot would bring the first major support level at $0.1268 into play.

Barring another extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The 38.2% FIB of $0.1167 and the second major support level at $0.1146 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1268

First Major Resistance Level: $0.1457

23.6% FIB Retracement Level: $0.1426

38.2% FIB Retracement Level: $0.1167

62% FIB Retracement Level: $0.0748

Please let us know what you think in the comments below

Thanks, Bob

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker