EOS
EOS rose by 1.76% on Tuesday. Partially reversing a 6.26% slide from Monday, EOS ended the day at $3.8783.
A mixed start to the day saw EOS rise a late morning intraday high $4.0088 before hitting reverse.
EOS broke through the first major resistance level at $3.9972 before sliding to a late intraday low $3.7840.
Steering clear of the first major support level at $3.6938, however, EOS broke back through to $3.80 levels and into the green.
At the time of writing, EOS was down by 0.65% to 3.8533. A mixed start to the day saw EOS rise to an early morning high $3.8950 before falling to a low $3.8352.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $3.8904 pivot to bring the first major resistance level at $3.9967 into play.
Support from the broader market would be needed for EOS to break back through to $3.90 levels.
Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $4.0088 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.15. The second major resistance level sits at $4.1152.
Failure to move back through the $3.8904 pivot and would bring the first major support level at $3.7719 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.6656.
Looking at the Technical Indicators
First Major Support Level: $3.7719
First Major resistance Level: $3.9967
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 rose by 2.76% on Tuesday. Partially reversing a 5.38% slide from Monday, Stellar’s Lumen ended the day at $0.2605.
A bearish start saw Stellar’s Lumen fall to an early morning intraday low $0.2529 before making a move.
Steering clear of the first major support level at $0.2470, Stellar’s Lumen rallied to a late morning intraday high $0.2680.
Story continues
Stellar’s Lumen broke through the first major resistance level at $0.2640 before sliding back to sub-$0.2540 levels.
Finding late support, however, Stellar’s Lumen moved back through to $0.26 levels to deliver the upside on the day.
At the time of writing, Stellar’s Lumen was down by 1.10% to $0.2577. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2605 before falling to a low $0.2556.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through the $0.2605 pivot to bring the first major resistance level at $0.2680 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.26 levels.
Barring an extended rally, the first major resistance level and Tuesday’s high $0.2680 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.2756.
Failure to move back through the $0.2605 pivot would bring the first major support level at $0.2529 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.24 levels. The second major support level at $0.2454 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.2529
First Major Resistance Level: $0.2680
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX rose by 1.06% on Tuesday. Partially reversing a 4.52% slide from Monday, Tron’s TRX ended the day at $0.06504.
A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.06669 before hitting reverse.
Falling short of the first major resistance level at $0.06697, Tron’s TRX slid to a late intraday low $0.06368.
Steering clear of the first major support level at $0.06254, Tron’s TRX moved back through to $0.065 levels to deliver the upside on the day.
At the time of writing, Tron’s TRX was down by 0.29% to $0.06485. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06536 before falling to a low $0.06420.
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 $0.06514 pivot to bring the first major resistance level at $0.06659 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.066 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.06669 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.070. The second major resistance level sits at $0.06815.
Failure to move back through the $0.06514 pivot would bring the first major support level at $0.06358 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06213.
Looking at the Technical Indicators
First Major Support Level: $0.06358
First Major Resistance Level: $0.06659
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
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