EOS

EOS rose by 1.53% on Tuesday. Following a 5.50% rally on Monday, EOS ended the day at $4.6010.

A mixed start to the day saw EOS rise to a late morning intraday high $4.7150 before hitting reverse.

EOS broke through the first major resistance level at $4.6846 before falling to a late afternoon intraday low $4.4071.

Steering clear of the first major support level at $4.2690, EOS bounced back to end the day at $4.60 levels.

At the time of writing, EOS was up by 0.32% to $4.6160. A mixed start to the day saw EOS fall to an early morning low $4.5883 before rising to a high $4.6399.

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

For the day ahead

EOS would need to avoid the $4.5744 pivot to bring the first major resistance level at $4.7416 into play.

Support from the broader market would be needed for EOS to break out from Tuesday’s high $4.7150.

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

In the event of an extended rally, EOS could test resistance at $5.00. The second major resistance level sits at $4.8823.

A fall through the $4.5744 pivot would bring the first major support level at $4.4337 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.2665 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.4337

First Major resistance Level: 4.7416

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 rallied by 3.89% on Tuesday. Following a 3.90% gain on Monday, Stellar’s Lumen ended the day at $0.3101.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2953 before making a move.

Steering clear of the first major support level at $0.2837, Stellar’s Lumen rallied to a late intraday high $0.3149.

Stellar’s Lumen broke through the first major resistance level at $0.3096 to end the day at $0.31 levels.

At the time of writing, Stellar’s Lumen was up by 1.73% to $0.3154. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3095 before rising to a high $0.3159.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid the $0.3068 pivot to bring the first major resistance level at $0.3182 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.3159.

Barring an extended rally, the first major resistance level and resistance at $0.32 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 before any pullback. The second major resistance level sits at $0.3264.

A fall through the $0.3068 pivot would bring the first major support level at $0.2986 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.29 levels. The second major support level sits at $0.2872.

Looking at the Technical Indicators

First Major Support Level: $0.2986

First Major Resistance Level: $0.3182

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 0.99% on Tuesday. Following a 3.03% gain on Monday, Tron’s TRX ended the day at $0.07479.

After a choppy morning, Tron’s TRX rose to an early afternoon intraday high $0.07608 before hitting reverse.

Falling short of the first major resistance level at $0.07643, Tron’s TRX fell to a late afternoon intraday low $0.07190.

Steering clear of the first major support level at $0.07055, Tron’s TRX revisited $0.075 levels before easing back.

At the time of writing, Tron’s TRX was down by 0.29% to $0.07457. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.07413 before rising to a high $0.07512.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.07426 pivot to bring the first major resistance level at $0.07661 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.076 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.07608 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 23.6% FIB of $0.07870. The second major resistance level sits at $0.07844.

A fall back through the $0.07426 pivot would bring the first major support level at $0.07243 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.070 levels. The second major support level at $0.07008 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.07243

First Major Resistance Level: $0.07661

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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