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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 23rd, 2020

EOS

EOS slid by 5.20% on Sunday. Partially reversing a 16.31% jump on Saturday, EOS ended the week up by 22.62% to $3.0658.

A mixed start to the day saw EOS rise to an early morning intraday high $3.3098 before hitting reverse.

Falling short of the first major resistance level at $3.4353, EOS slid to a late morning intraday low $2.8864.

Steering clear of the first major support level at $2.8594, EOS briefly revisited $3.17 before falling back into the deep red.

At the time of writing, EOS was down by 0.05% to $3.0068. A mixed start to the day saw EOS rise to an early morning high $3.1081 before falling to a low $2.9870

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

EOSUSD 231120 Hourly Chart

For the day ahead

EOS would need to move back through the $3.0873 pivot level to support a run at the first major resistance level at $3.2883.

Support from the broader market would be needed, however, for EOS to break back through to $3.20 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $3.3098 would likely cap any upside. In the event of another breakout, EOS could test resistance at $3.5 before any pullback. The second major resistance level sits at $3.5107.

Failure to move back through the pivot level at $3.0873 would bring the first major support level at $2.8649 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.80 levels. The second major support level sits at $2.6639.

Looking at the Technical Indicators

First Major Support Level: $2.8649

First Major resistance Level: $3.2883

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 slid by 4.36% on Sunday. Following Saturday’s 23.45% surge, Stellar’s Lumen ended the week up by 30.3% to $0.10446.

It was a mixed start to the day. Stellar’s Lumen rose to an early morning intraday high $0.1150 before hitting reverse.

Falling short of the first major resistance level at $0.1167, Stellar’s Lumen slid to a late morning intraday low $0.09602.

Steering clear of the first major support level at $0.09523, Stellar’s Lumen briefly revisited $0.11 levels before easing back.

At the time of writing, Stellar’s Lumen was down by 0.03% to $0.10242. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.10584 before falling to a low $0.10150.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLMUSD 231120 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move back through the $0.10516 pivot to support a run at the first major resistance level at $0.11430.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.11 levels.

Barring another broad-based crypto rally, the first major resistance level and Sunday’s high $0.1150 would likely cap any upside.

In the event of another breakout, Stellar’s Lumen could test resistance at $0.12 before any pullback. The second major resistance level sits at $0.12414.

Failure to move back through the $0.10516 pivot level would bring the first major support level at $0.09532 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of sub-$0.090 levels. The second major support level sits at $0.08618.

Looking at the Technical Indicators

First Major Support Level: $0.09532

First Major Resistance Level: $0.11430

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 slid by 5.78% on Sunday. Partially reversing a 15.85% rally from Saturday, Tron’s TRX ended the week up by 13.95% to $0.02876.

Tracking the broader market, Tron’s TRX rose to an early morning intraday high $0.03097 before hitting reverse.

Falling short of the first major resistance level at $0.03219, Tron’s TRX slid to a late morning intraday low $0.02710.

The reversal saw Tron’s TRX fall through the 23.6% FIB of $0.0291 and the first major support level at $0.02745.

Finding support through the second half of the day, however, Tron’s TRX revisited $0.030 levels before falling back into the deep red.

While leaving the major resistance levels untested, Tron’s TRX broke back through the 23.6% FIB of $0.0291 before ending the day a sub-$0.029.

At the time of writing, Tron’s TRX was down by 0.53% to $0.028334. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.02928 before falling to a low $0.02824

While leaving the major support and resistance levels untested early on, Tron’s TRX tested the 23.6% FIB of $0.0291.

TRXUSD 231120 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move back through the $0.02895 pivot level to support a run at the first major resistance level at $0.03079.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.030 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.03097 would likely cap any upside.

In the event of another breakout, the second major resistance level at $0.03281 would likely come into play.

Failure to move back through the $0.02895 pivot level would bring the first major support level at 0.02692 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.026 levels. The second major support level sits at $0.02508.

Looking at the Technical Indicators

First Major Support Level: $0.02692

First Major Resistance Level: $0.03079

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