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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 26th, 2020

EOS

EOS slid by 4.91% on Wednesday. Partially reversing a 6.36% rally from Tuesday, EOS ended the day at $3.4262.

A mixed start to the day saw EOS fall from an early high $3.6631 to a mid-morning low $3.3684.

Steering clear of the major support levels, EOS rallied to a late afternoon intraday high $3.8858 before hitting reverse.

Falling short of the first major resistance level at $3.8155, EOS slid to a late intraday low $3.2971.

The reversal saw EOS fall through the first major support level at $3.3556 before a partial recovery to $3.40 levels.

At the time of writing, EOS was down by 0.31% to $3.4156. A mixed start to the day saw EOS fall to an early morning low $3.3585 before rising to a high $3.5326.

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

EOSUSD 261120 Hourly Chart

For the day ahead

EOS would need to move through the $3.5364 pivot level to support a run at the first major resistance level at $3.7756.

Support from the broader market would be needed, however, for EOS to break out from $3.50 levels.

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 $4.1251.

Failure to move through the pivot level at $3.5364 would bring the first major support level at $3.1869 into play.

Barring another extended sell-off, however, EOS should steer of sub-$3.00 levels. The second major support level sits at $2.9477.

Looking at the Technical Indicators

First Major Support Level: $3.1869

First Major resistance Level: $3.7756

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 1.63% on Wednesday. Following Tuesday’s 48.33% surge, Stellar’s Lumen ended the day at $0.19307.

It was a mixed start to the day. Stellar’s Lumen rose to an early morning high $0.2240 before hitting reverse.

Coming up against the first major resistance level at $0.22012, Stellar’s Lumen slid to a mid-morning intraday low $0.1810. The pullback saw Stellar’s Lumen fall through the 62% FIB of $0.1989.

Steering clear of the first major support level at $0.15185, Stellar’s Lumen rallied to a mid-afternoon intraday high $0.23372.

Stellar’s Lumen broke back through 62% FIB and the first major resistance level before sliding back to sub-$0.19 levels.

Finding support late in the day, however, Stellar’s Lumen returned to $0.19 levels to limit the downside on the day. The 62% FIB pinned Stellar’s Lumen back late in the day.

At the time of writing, Stellar’s Lumen was down by 0.17% to $0.19274. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.1872 before striking a high $0.2050.

Stellar’s Lumen left the major support and resistance levels untested early on. The early move saw Stellar’s Lumen briefly break back through the 62% FIB of $0.1989, however.

XLMUSD 261120 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move through the $0.2026 pivot to support another run at the first major resistance level at $0.2242.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back out from the 62% FIB of $0.1989.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, Stellar’s Lumen could test resistance at $0.25 before any pullback. The second major resistance level sits at $0.2553.

Failure to move through the pivot level at $0.2026 would bring the first major support level at $0.1715 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of sub-$0.15 levels. The second major support level sits at $0.1499.

Looking at the Technical Indicators

First Major Support Level: $0.1715

First Major Resistance Level: $0.2242

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 6.56% on Wednesday. Partially reversing a 10.84% jump Tuesday, Tron’s TRX ended the day at $0.032969.

It was a mixed start to the day. Tron’s TRX rose to an early morning high $0.03628 before hitting reverse.

Falling short of the major resistance levels, Tron’s TRX fell to a mid-morning low $0.03335 before finding support.

Steering clear of the major support levels, Tron’s TRX rose to an early afternoon intraday high $0.037714 before taking another hit.

Falling short of the first major resistance level at $0.03931, Tron’s TRX slid to a late intraday low $0.031401.

Steering clear of the first major support level at $0.03128, Tron’s TRX moved back through to $0.032 levels to cut the deficit on the day.

At the time of writing, Tron’s TRX was down by 0.12% to $0.03293. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.03217 before rising to a high $0.03404.

Tron’s TRX left the major support and resistance levels untested early on.

TRXUSD 261120 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move through the $0.03403 pivot level to support another run at the first major resistance level at $0.03666.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.035 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.037714 would likely cap any upside.

In the event of another breakout, the second major resistance level at $0.04034 would likely come into play.

Failure to move through the $0.03403 pivot level would bring the first major support level at $0.03034 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 $0.02772.

Looking at the Technical Indicators

First Major Support Level: $0.03034

First Major Resistance Level: $0.03666

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