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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 25th, 2020

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.

EOSUSD 251120 Hourly Chart

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.

XLMUSD 251120 Hourly Chart

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.

TRXUSD 251120 Hourly Chart

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