EOS
EOS fell by 2.01% on Tuesday. Reversing a 1.24% gain from Monday, EOS ended the day at $4.7170.
A bullish start to the day saw EOS rise to a mid-morning intraday high $4.9326 before hitting reverse.
EOS broke through the first major resistance level at $4.8721 and the second major resistance level at $4.9307.
Falling short of $5.00 levels, however, EOS slid to a late intraday low $4.6563.
The reversal saw EOS fall through the first major support level at $4.7343 to end the day at $4.71 levels.
At the time of writing, EOS was up by 0.08% to $4.7207. A mixed start to the day saw EOS fall to an early morning low $4.6865 before rising to a high $4.7390.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $4.7686 pivot to bring the first major resistance level at $4.8810 into play.
Support from the broader market would be needed to break back through to $4.80 levels.
Barring a broad-based crypto rally, the first major resistance and Tuesday’s high $4.9326 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.10 levels before any pullback. The second major resistance level sits at $5.0449.
Failure to move through the $4.7686 pivot would bring the first major support level at $4.6047 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.4923 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.6047
First Major resistance Level: $4.8810
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen
Stellar’s Lumen fell by 3.81% on Tuesday. Partially reversing a 4.30% rally from Monday, Stellar’s Lumen ended the day at $0.3733.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3885 before hitting reverse.
Falling short of the first major resistance level at $0.3939, Stellar’s Lumen slid to a late intraday low $0.3687.
The sell-off saw Stellar’s Lumen fall through the first major support level at $0.3764 to end the day at $0.373 levels.
At the time of writing, Stellar’s Lumen was down by 0.03% to $0.3732. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3709 before rising to a high $0.3738.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.3768 pivot to bring the first major resistance level at $0.3850 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.38 levels.
Barring an extended rally, the first major resistance level and Tuesday’s high $0.3885 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 levels before any pullback. The second major resistance level sits at $0.3966.
Failure to move through the $0.3768 pivot would bring the first major support level at $0.3652 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the 23.6% FIB of $0.3402. The second major support level at $0.3570 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3652
First Major Resistance Level: $0.3850
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX rose by 1.00% on Tuesday. Following a 1.08% gain on Monday, Tron’s TRX ended the day at $0.1013.
A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09995 before making a move.
Steering clear of the 38.2% FIB of $0.09890 and the first major support level at $0.09845, Tron’s TRX rallied to a late morning intraday high $0.1061.
Tron’s TRX broke through the first major resistance level at $0.1020 before sliding to a late intraday low $0.09992.
Continuing to steer clear of the major support levels, Tron’s TRX broke back through to $0.1013 levels to end the day in the green.
At the time of writing, Tron’s TRX was up by 0.59% to $0.1019. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1003 before rising to a high $0.1021.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move through the $0.1024 pivot to bring the first major resistance level at $0.1050 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.1030 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.1061 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1086.
Failure to move through the $0.1024 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09878 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.095 levels. The second major support level at $0.09626 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.09878
First Major Resistance Level: $0.1050
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
