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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 1st, 2020

EOS

EOS rallied by 7.61% on Monday. Following on from a 1.12% gain on Sunday, EOS ended the month up by 28.91% to $3.2624.

A mixed start to the day saw EOS fall to a late morning intraday low $2.9953 before making a move.

Steering clear of the first major support level at $2.9213, EOS rallied to a late afternoon intraday high $3.2875.

EOS broke through the first major resistance level at $3.1228 and the second major resistance level at $3.2131.

A late pullback saw EOS fall through the second major resistance level at $3.2131 before wrapping up the day at $3.26 levels.

At the time of writing, EOS was up by 0.03% to $3.2635. A mixed start to the day saw EOS fall to an early morning low $3.2286 before rising to a high $3.3475.

EOS left the major support and resistance levels untested early on.

EOSUSD 011220 Hourly Chart

For the day ahead

EOS would need to avoid a fall through the $3.1856 pivot level to support a run at the first major resistance level at $3.3758.

Support from the broader market would be needed, however, for EOS to break through to $2.30 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, EOS could test resistance at $3.4 before any pullback. The second major resistance level sits at $3.4893.

Failure to avoid a fall through the pivot level at $3.1856 would bring the first major support level at $3.0721 into play.

Barring another extended sell-off, however, EOS should steer of sub-$3.0 levels. The second major support level sits at $2.8819.

Looking at the Technical Indicators

First Major Support Level: $3.0721

First Major resistance Level: $3.3758

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 4.46% on Monday. Reversing a 2.83% fall from Sunday, Stellar’s Lumen ended the month up by 161.08% to $0.20299.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.20700 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.20248 before falling to a late morning intraday low $0.18925.

While steering clear of the first major support level at $0.18711, Stellar’s Lumen fell through the 62% FIB of $0.1989.

Finding support going into the afternoon, however, Stellar’s Lumen bounced back to an afternoon high $0.20600.

Stellar’s Lumen broke back through the first major resistance level at $0.20248 before another pullback to sub-$0.20 levels.

Finding support at the 62% FIB, however, saw Stellar’s Lumen move back through to $0.202 levels to end the day in the green. The first major resistance level at $0.20248 pinned Stellar’s Lumen back late in the day.

At the time of writing, Stellar’s Lumen was down by 2.13% to $0.19866. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.20329 before falling to a low $0.19830.

Stellar’s Lumen left the major support and resistance levels untested early on. The early pullback saw Stellar’s Lumen test support at the 62% FIB of $0.1989, however.

XLMUSD 011220 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.19975 pivot level to support a run at the first major resistance level at $0.21024.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.20700.

Barring an extended crypto rally, the second major resistance level and resistance at $0.21 would likely cap any upside.

In the event of another breakout, Stellar’s Lumen could test resistance at $0.22 before any pullback. The second major resistance level sits at $0.21750.

Failure to avoid a fall through the pivot level at $0.19975 would bring the 62% FIB of $0.1989 and the first major support level at $0.19249 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.19 levels. The second major support level sits at $0.1820.

Looking at the Technical Indicators

First Major Support Level: $0.19249

First Major Resistance Level: $0.21024

23.6% FIB Retracement Level: $0.09280

38% FIB Retracement Level: $0.1333

62% FIB Retracement Level: $0.1989

Tron’s TRX

Tron’s TRX rallied by 5.06% on Monday. Following on from a 0.74% gain on Sunday, Tron’s TRX ended the month up by 25.18% to $0.032308.

It was a mixed start to the day. Tron’s TRX fell to a late morning intraday low $0.03008 before making a move.

Steering clear of the first major support level at $0.02967 and the 23.6% FIB of $0.0291, Tron’s TRX rallied to a late afternoon intraday high $0.03325.

Tron’s TRX broke through the first major resistance level at $0.03160 and the second major resistance level at $0.03246.

A late pullback saw Tron’s TRX fall back through the second major resistance level to wrap up the day at $0.0323 levels.

The second major resistance level at $0.02346 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was down by 0.26% to $0.03222. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.032923 before falling to a low $0.031958.

Tron’s TRX left the major support and resistance levels untested early on.

TRXUSD 011220 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.03188 pivot level to support a run at the first major resistance level at $0.03368.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.03325.

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

In the event of another breakout, resistance at $0.035 would likely come into play. The second major resistance level sits at $0.03505.

Failure to avoid a fall through the $0.03188 pivot level would bring the first major support level at $0.03051 and 62% FIB of $0.0291 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.029 levels. The second major support level sits at $0.02871.

Looking at the Technical Indicators

First Major Support Level: $0.03051

First Major Resistance Level: $0.03368

23.6% FIB Retracement Level: $0.0291

38.2% FIB Retracement Level: $0.0428

62% FIB Retracement Level: $0.0648

Please let us know what you think in the comments below

Thanks, Bob