EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 18th, 2020
EOS
EOS rallied by 5.15% on Tuesday. Following on from a 3.35% gain on Monday, EOS ended the day at $2.7193.
A mixed start to the day saw EOS fall to an early morning intraday low $2.5782 before making a move.
Steering clear of the first major support level at $2.5067, EOS rallied to a late afternoon intraday high $2.7859.
EOS broke through the first major resistance level at $2.6376 and the second major resistance level at $2.6911.
A late pullback saw EOS briefly fall back through the second major resistance level before wrapping up the day at $2.71 levels.
At the time of writing, EOS was down by 0.13% to $2.7157 A mixed start to the day saw EOS rise to an early morning high $2.7418 before falling to a low $2.6896.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall back through the $2.6945 pivot level to support a run at the first major resistance level at $2.8107.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.7859.
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 $2.85 before any pullback. The second major resistance level sits at $2.9022.
Failure to avoid a fall back through the pivot level at $2.6945 would bring the first major support level at $2.6030 into play.
Barring an extended sell-off, however, EOS should steer of sub-$2.55 levels. The second major support level sits at $2.4868.
Looking at the Technical Indicators
First Major Support Level: $2.6030
First Major resistance Level: $2.8107
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 4.80% on Tuesday. Following on from a 2.99% gain on Monday, Stellar’s Lumen ended the day at $0.086517.
It was a mixed start to the day. Stellar’s Lumen fell to an early morning intraday low $0.082359 before making a move.
Steering clear of the first major support level at $0.08027, Stellar’s Lumen rallied to a late afternoon intraday high $0.088659.
Stellar’s Lumen broke through the first major resistance level at $0.08391 and the second major resistance level at $0.08527.
Coming within range of the third major resistance level at $0.08892, Stellar’s Lumen eased back to end the day at $0.086 levels.
At the time of writing, Stellar’s Lumen was up by 0.45% to $0.086910. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.086082 before rising to a high $0.08700.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.08585 pivot to support a run at the first major resistance level at $0.08933.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.088659.
Barring another broad-based crypto rally, the first major resistance level and resistance at $0.090 would likely cap any upside.
In the event of another breakout, the second major resistance level at $0.09215 and 23.6% FIB of $0.0928 would likely come into play.
Failure to avoid a fall through the $0.08585 pivot level would bring the first major support level at $0.08303 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of sub-$0.080 levels. The second major support level sits at $0.07955.
Looking at the Technical Indicators
First Major Support Level: $0.08303
First Major Resistance Level: $0.08933
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 3.62% on Tuesday. Following on from a 1.38% gain on Monday, Tron’s TRX ended the day at $0.026521.
Tracking the broader market, Tron’s TRX fell to an early morning low $0.025398 before making a move.
Steering clear of the first major support level at $0.02502, Tron’s TRX rose to a late afternoon intraday high $0.026972.
Tron’s TRX broke through the first major resistance level at $0.02608 and the second major resistance level at $0.02656.
A late pullback, however, saw Tron’s TRX fall back through the second major resistance level to end the day at $0.02652 levels.
At the time of writing, Tron’s TRX was up by 0.30% to $0.02660. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.026261 before rising to a high $0.026954.
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 $0.02630 pivot level to support a run at the first major resistance level at $0.02720.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.026972.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, the second major resistance level at $0.02787 and resistance at $0.028 would likely come into play.
Failure to avoid a fall back through the $0.02630 pivot level would bring the first major support level at $0.02562 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level sits at $0.02472.
Looking at the Technical Indicators
First Major Support Level: $0.02562
First Major Resistance Level: $0.02720
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
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Thanks, Bob
This article was originally posted on FX Empire