After a mixed early part of the week, a move through the day's pivot levels would be needed to avoid a sell-off.
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.
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.
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 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.
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.
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 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.
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.
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
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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.