EOS
EOS rose by 0.02% on Tuesday. Following a 1.47% fall from Monday, EOS ended the day at $2.5023.
It was a mixed start to the day. EOS fell to an early morning low $2.4751 before making a move.
Steering clear of the first major support level at $2.4253, EOS rallied to a mid-day intraday high $2.5431.
Falling short of the first major resistance level at $2.5794, EOS slid to a mid-afternoon intraday low $2.4700.
Continuing to steer clear of the first major support level, EOS recovered to $2.50 levels to end the day in the green.
At the time of writing, EOS was up by 1.17% to $2.5315. A mixed start to the day saw EOS fall to an early morning low $2.4939 before striking a high $2.5367.
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 $2.5051 pivot level to support a run at the first major resistance level at $2.5403.
Support from the broader market would be needed, however, for EOS to break back through to $2.54 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $2.5431 would likely cap any upside.
Failure to avoid a fall back through the pivot level at $2.5051 would bring the first major support level at $2.4672 into play.
Barring an extended sell-off, however, EOS should continue to steer of sub-$2.40 levels. The second major support level at $2.4320 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $2.4672
First Major resistance Level: $2.5403
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 0.29% on Tuesday. Following on from a 2.11% slide on Monday, Stellar’s Lumen ended the day at $0.079662.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.079172 before making a move.
Steering clear of the first major support level at $0.07780, Stellar’s Lumen rallied to a late morning intraday high $0.082500.
Stellar’s Lumen broke through the first major resistance level at $0.08199 before sliding back to sub-$0.080 levels.
Finding late support, however, Stellar’s Lumen broke briefly revisited $0.080 levels before falling back into the red.
At the time of writing, Stellar’s Lumen was up by 2.18% to $0.081401. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.079601 before rising to a high $0.081596.
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 through the $0.08044 pivot to support a run at the first major resistance level at $0.08172.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.081596.
Barring another broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.08044 pivot level would bring the first major support level at $0.07839 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.07712.
Looking at the Technical Indicators
First Major Support Level: $0.07839
First Major Resistance Level: $0.08172
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 rose by 0.39% on Tuesday. Partially reversing a 2.19% loss from Monday, Tron’s TRX ended the day at $0.024808.
Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.02445 before making a move.
Steering clear of the first major support level at $0.02420, Tron’s TRX struck a late morning intraday high $0.02555.
Falling short of the first major resistance level at $0.02574, however, Tron’s TRX slid to a late afternoon low $0.02449.
Continuing to steer clear of the first major support level at $0.02420, Tron’s TRX revisited $0.025 levels before easing back.
At the time of writing, Tron’s TRX was up by 1.75% to $0.025243. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.024771 before rising to a high $0.025291.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall back through the $0.02494 pivot level to support a run at the first major resistance level at $0.02542.
Support from the broader market would be needed, however, for Tron’s TRX to break back out from the morning high $0.025291.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $0.02494 pivot level would bring the first major support level at $0.02432 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.024 levels. The second major support level sits at $0.02384.
Looking at the Technical Indicators
First Major Support Level: $0.02432
First Major Resistance Level: $0.02542
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