EOS
EOS rallied by 6.65% on Tuesday. Reversing a 2.93% fall from Monday, EOS ended the day at $4.0690.
A bearish start to the day saw EOS fall to an early morning intraday low $3.6403 before making a move.
Steering clear of the first major support level at $3.6395, EOS rallied to a late morning intraday high $4.1514.
EOS broke through the first major resistance level at $4.0148 before a pullback to sub-$3.95 levels.
Finding late support, however, EOS broke back through the first major resistance level to end the day at $4.06 levels.
At the time of writing, EOS was down by 1.59% to $4.0041. A mixed start to the day saw EOS rise to an early morning high $4.0840 before falling to a low $3.9812.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall back through the $3.9536 pivot level to support a run at the first major resistance level at $4.2668.
Support from the broader market would be needed, however, for EOS to break back through to $4.20 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.40 before any pullback. The second major resistance level sits at $4.4647.
Failure to avoid a fall back through the $3.9536 pivot would bring the first major support level at $3.7557 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4425.
Looking at the Technical Indicators
First Major Support Level: $3.7557
First Major resistance Level: $4.2668
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 2.94% on Tuesday. Reversing a 1.18% loss from Monday, Stellar’s Lumen ended the day at $0.3955.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3733 before making a move.
While steering clear of the first major support level at $0.3682, Stellar’s Lumen fell through the 38.2% FIB of $0.3864.
The bounce back saw Stellar’s Lumen strike a mid-morning intraday high $0.4119 before easing back.
Stellar’s Lumen broke back through the 38.2% FIB and broke through the first major resistance level at $0.3996.
The pullback saw Stellar’s Lumen fall back to sub-$0.39 levels before closing out the day at $0.395 levels.
At the time of writing, Stellar’s Lumen was down by 0.49% to $0.3936. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3970 before falling to a low $0.3911.
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 back through the pivot level at $0.3936 to bring the first major resistance level at $0.4138 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break out from Tuesday’s high $0.4119.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.42 before any pullback. The second major resistance level sits at $0.4322.
Failure to avoid a fall back through the $0.3936 pivot would bring the 38.2% FIB of $0.3864 and the first major support level at $0.3752 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.35 levels. The second major support level at $0.3550 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3752
First Major Resistance Level: $0.4138
23.6% FIB Retracement Level: $0.3426
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX
Tron’s TRX rose by 2.33% on Tuesday. Reversing a 1.19% decline from Monday, Tron’s TRX ended the day at $0.05236.
Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.04843 before making a move.
Steering clear of the first major support level at $0.04785, Tron’s TRX rallied to a late morning intraday high $0.05335.
Tron’s TRX broke through the first major resistance level at $0.05311 before easing back to $0.5055 levels.
Finding late morning support, Tron’s TRX moved back through to $0.052 levels to deliver the upside on the day.
At the time of writing, Tron’s TRX was down by 0.85% to $0.05191. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05319 before falling to a low $0.05150.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX need to avoid a fall through the pivot level at $0.05138 to bring the first major resistance level at $0.05433 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.054 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at $0.056 before any pullback. The second major resistance level sits at $0.05630.
Failure to avoid a fall through the $0.05138 pivot would bring the first major support level at $0.04941 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.047 levels. The second major support level sits at $0.04646.
Looking at the Technical Indicators
First Major Support Level: $0.04941
First Major Resistance Level: $0.05433
23.6% FIB Retracement Level: $0.03211
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