EOS
EOS rose by 2.52% on Tuesday. Partially reversing a 2.80% loss from Monday, EOS ended the day at $4.8632.
A mixed start to the day saw EOS fall to an early morning intraday low $4.7064 before making a move.
Steering clear of the first major support level at $4.5087, Litecoin rose to a late intraday high $4.8831.
Falling short of the first major resistance level at $4.9645, however, EOS eased back to end the day at $4.86 levels.
At the time of writing, EOS was down by 0.21% to $4.8527. A mixed start to the day saw EOS fall to an early morning low $4.8385 before rising to a high $4.8788.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.8176 pivot to bring the first major resistance level at $4.9287 into play.
Support from the broader market would be needed to break back through to $4.90 levels.
Barring a broad-based crypto rally, the first major resistance would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.00 before any pullback. The second major resistance level sits at $4.9943.
A fall through the $4.8176 pivot would bring the first major support level at $4.7520 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.6409 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.7520
First Major resistance Level: $4.9287
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 rose by 3.98% on Tuesday. Partially reversing a 4.15% slide from Monday, Stellar’s Lumen ended the day at $0.3314.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3162 before making a move.
Steering clear of the first major support level at $0.3071, Stellar’s Lumen rallied to a late intraday high $0.3314.
In spite of the rally, Stellar’s Lumen fell short of the first major resistance level at $0.3332.
At the time of writing, Stellar’s Lumen was up by 0.09% to $0.3317. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3298 before rising to a high $0.3351.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid the $0.3263 pivot to bring the first major resistance level at $0.3365 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.3351.
Barring an extended rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at the 23.6% FIB of $0.3402. The second major resistance level sits at $0.3415.
A fall through the $0.3263 pivot would bring the first major support level at $0.3213 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level at $0.3111 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3213
First Major Resistance Level: $0.3365
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX surged by 12.88% on Tuesday. Reversing a 6.68% slide from Monday, Tron’s TRX ended the day at $0.1183.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1040 before making a move.
Tron’s TRX steered clear of the 38.2% FIB of $0.09890 and the first major support level at $0.09653.
Finding early support, Tron’s TRX rallied to a late morning intraday high $0.1206 before easing back.
Tron’s TRX broke through the first major resistance level at $0.1152 to end the day at $0.118 levels.
At the time of writing, Tron’s TRX was down by 1.56% to $0.1164. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1189 before falling to a low $0.1160.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid the $0.1143 pivot to bring the first major resistance level at $0.1246 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back out from Tuesday’s high $0.1206.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at the 62% FIB of $0.1316 before any pullback. The second major resistance level sits at $0.1309.
A fall through the $0.1143 pivot would bring the first major support level at $0.1080 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.10 levels and the 38.2% FIB of $0.09890. The second major support level sits at $0.09770.
Looking at the Technical Indicators
First Major Support Level: $0.1080
First Major Resistance Level: $0.1246
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
