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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 30th, 2020

EOS

EOS rose by 1.12% on Sunday. Following on from a 4.37% rally on Saturday, EOS ended the week down by 1.13% to $3.0326.

A mixed start to the day saw EOS fall to an early morning intraday low $2.9528 before making a move.

Steering clear of the first major support level at $2.8402, EOS rallied to a late morning intraday high $3.1018.

Falling short of the first major resistance level at $3.1414, EOS fell back to sub-$3.00 levels before finding support.

Late in the day, EOS moved back through to $3.00 levels to deliver the upside on the day.

At the time of writing, EOS was up by 1.78% to $3.0865. A bullish start to the day saw EOS rise from an early morning low $3.0316 to a high $3.1166.

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

EOSUSD 301120 Hourly Chart

For the day ahead

EOS would need to avoid a fall through the $3.0116 pivot level to support a run at the first major resistance level at $3.1228.

Support from the broader market would be needed, however, for EOS to break out from the morning high $3.1166.

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 $3.3 before any pullback. The second major resistance level sits at $3.2131.

Failure to avoid a fall through the pivot level at $3.0116 would bring the first major support level at $2.9213 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.90 levels. The second major support level sits at $2.8101.

Looking at the Technical Indicators

First Major Support Level: $2.9213

First Major resistance Level: $3.1228

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 2.83% on Sunday. Following a 3.24% fall from Saturday, Stellar’s Lumen ended the week up by 85.96% to $0.19435.

It was a mixed start to the day. Stellar’s Lumen fell to an early morning intraday $0.1880.

The pullback saw Stellar’s Lumen fall through the 62% FIB of $0.1989 and the first major support level at $0.1902 before making a move.

Finding support through the morning, Stellar’s Lumen struck a late morning intraday high $0.2034 before easing back.

Falling well short of the first major resistance level at $0.2155, Stellar’s Lumen fall back to sub-$0.19 levels. The reversal saw Stellar’s Lumen fall back through the 62% FIB of $0.1989 and the first major support level.

Finding support late in the day, Stellar’s Lumen revisited $0.199 levels before easing back. The 62% FIB and resistance at $0.2 pinned Stellar’s Lumen back late on.

At the time of writing, Stellar’s Lumen was up by 5.10% to $0.20426. A mixed start to the day saw a dip to an early morning low $0.19416 before rising to a high $0.20540.

Stellar’s Lumen broke through the 62% FIB and the first major resistance level at $0.20248 early on.

XLMUSD 301120 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall through the first major resistance level to support a run at the second major resistance level at $0.21061.

Support from the broader market would be needed, however, for Stellar’s Lumen to break through to $0.210 levels.

Barring an extended crypto rally, the second major resistance level would likely cap any upside.

In the event of another breakout, Stellar’s Lumen could test resistance at $0.22 before any pullback. The third major resistance level sits at $0.22598.

Failure to avoid a fall through the first major resistance level at $0.20248 would bring the 62% FIB of $0.1989 and the pivot level at $0.19524 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.18 levels. The first major support level at $0.18711 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.18711

First Major Resistance Level: $0.20248

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 0.74% on Sunday. Partially reversing a 4.02% rally from Saturday, Tron’s TRX ended the week up by 6.92% to $0.030745.

It was a mixed start to the day. Tron’s TRX slid to an early morning intraday low $0.02946 before making a move.

Steering clear of the 23.6% FIB of $0.0291 and the first major support level at $0.02874, Tron’s TRX rallied to a late morning intraday high $0.03139.

Falling short of the first major resistance level at $0.03208, Tron’s TRX fell back to sub-$0.030 levels before finding support.

A late move back through to $0.030 levels delivered the upside on the day.

At the time of writing, Tron’s TRX was up by 1.43% to $0.031185. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.030571 to a high $0.031458.

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

TRXUSD 301120 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.03053 pivot level to support another run at the first major resistance level at $0.03160.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.031458.

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

In the event of another breakout, resistance at $0.033 would likely come into play. The second major resistance level sits at $0.03246.

Failure to avoid a fall through the $0.03053 pivot level would bring the first major support level at $0.02967 and 62% FIB of $0.0291 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.029 levels. The second major support level sits at $0.02860.

Looking at the Technical Indicators

First Major Support Level: $0.02967

First Major Resistance Level: $0.03160

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