In This Article:
EOS
EOS fell by 1.09% on Tuesday. Partially reversing a 6.52% gain from Monday, EOS ended the day at $3.6727.
A mixed start to the day saw EOS rally to a late morning intraday high $3.8644 before hitting reverse.
EOS broke through the first major resistance level at $3.8507 before sliding to a late intraday low $3.5598.
Steering clear of the first major support level at $3.5090, EOS found support to end the day at $3.67 levels.
At the time of writing, EOS was up by 0.62% to $3.6954. A mixed start to the day saw EOS fall to an early morning low $3.6367 before rising to a high $3.7137.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $3.6990 pivot level to support a run at the first major resistance level at $3.8381.
Support from the broader market would be needed, however, for EOS to break back through to $3.80 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $3.8644 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.00 before any pullback. The second major resistance level sits at $4.0036.
Failure to move back through the $3.6990 pivot would bring the first major support level at $3.5335 into play.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $3.3944.
Looking at the Technical Indicators
First Major Support Level: $3.5335
First Major resistance Level: $3.8381
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 2.78% on Tuesday. Partially reversing a 6.08% rally from Monday, Stellar’s Lumen ended the day at $0.4192.
A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4364 before hitting reverse.
Falling short of the first major resistance level ata $0.4449, Stellar’s Lumen fell to a late intraday low $0.3969.
The sell-off saw Stellar’s Lumen fall through the first major support level at $0.4093 before finding support.
A late move back through the first major support level to end the day at $0.419 levels.
At the time of writing, Stellar’s Lumen was down by 0.39% to $0.4176. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4120 before rising to a high $0.4203.
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 back through the pivot level at $0.4175 to bring the first major resistance level at $0.4381 into play.