EOS
EOS rallied by 6.36% on Tuesday. Following a 10.22% surge on Monday, EOS ended the day at $3.5984.
A bullish start to the day saw EOS rally to a mid-morning intraday high $3.7897 before hitting reverse.
EOS broke through the first major resistance level at $3.5295 and the second major resistance level at $3.6783.
The reversal saw EOS slide to a late morning intraday low $3.3298 ahead of a bullish 2nd half of the day.
Steering clear of the first major support level at $3.1092, EOS revisited $3.67 levels before easing back to sub-$3.60 levels.
Breaking back through the first major resistance level, the second major resistance level pinned EOS back.
At the time of writing, EOS was down by 3.60% to $3.4688. A mixed start to the day saw EOS rise to an early morning high $3.6659 before falling to a low $3.4475.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $3.5726 pivot level to support a run at the first major resistance level at $3.8155.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $3.7897.
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 $4.0 before any pullback. The second major resistance level sits at $4.0325.
Failure to move back through the pivot level at $3.5726 would bring the first major support level at $3.3556 into play.
Barring another extended sell-off, however, EOS should steer of the second major support level at $3.1127.
Looking at the Technical Indicators
First Major Support Level: $3.3556
First Major resistance Level: $3.8155
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 surged by 48.33% on Tuesday. Following a 26.61% breakout on Monday, Stellar’s Lumen ended the day at $0.19655.
It was a bullish day. Stellar’s Lumen rallied from an early morning intraday low $0.13073 to a late afternoon intraday high $0.1990.
Stellar’s Lumen broke through the day’s major resistance levels to test resistance at the 62% FIB of $0.1989 before a pullback to $0.17 levels.
The pullback saw Stellar’s Lumen briefly fall back through the third major resistance level at $0.18994. Finding late support, however, Stellar’s Lumen closed out the day at $0.196 levels.
At the time of writing, Stellar’s Lumen was up by 0.06% to $0.19667. A choppy start to the day saw Stellar’s Lumen rally to an early morning high $0.2240 before falling to a low $0.1863.
Stellar’s Lumen broke through the 62% FIB of $0.1989 and the first major resistance level at $0.2201 early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.17543 pivot to support another run at the first major resistance level at $0.22012.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the 62% FIB of $0.1989.
Barring another extended crypto rally, the first major resistance level and morning high $0.2240 would likely cap any upside.
In the event of another breakout, Stellar’s Lumen could test resistance at $0.24 before any pullback. The second major resistance level sits at $0.2437.
Failure to avoid a fall through the pivot level at $0.17543 would bring the first major support level at $0.15185 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of sub-$0.18 levels. The second major support level sits at $0.10716.
Looking at the Technical Indicators
First Major Support Level: $0.15185
First Major Resistance Level: $0.22012
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 jumped by 10.84% on Tuesday. Following on from a 10.58% rally on Monday, Tron’s TRX ended the day at $0.035256.
It was a bullish start to the day. Tron’s TRX rallied from an intraday low $0.031353 to an early morning intraday high $0.039388.
Tron’s TRX broke through the day’s major resistance levels before falling back to $0.316 levels.
Steering clear of the first major support level at $0.02936, Tron’s TRX bounced back to end the day at $0.035 levels.
The rebound saw Tron’s TRX break back through the first major resistance level at $0.03313 and the second major resistance level at $0.03446.
At the time of writing, Tron’s TRX was down by 0.56% to $0.035058. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03733 before falling to a low $0.03423.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.0353 pivot level to support another run at the first major resistance level at $0.03931.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.039 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.039388 would likely cap any upside.
In the event of another breakout, the second major resistance level at $0.04337 would likely come into play.
Failure to move back through the $0.03533 pivot level would bring the first major support level at $0.03128 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.030 levels. The second major support level sits at $0.02730.
Looking at the Technical Indicators
First Major Support Level: $0.03128
First Major Resistance Level: $0.03931
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