EOS slid by 6.86% on Tuesday. Reversing a 4.45% gain from Monday, EOS ended the day at $6.3465.
A bearish start to the day saw EOS tumble to an early morning intraday low $6.2222 before making a move.
EOS fell through the first major support level at $6.5945, the 23.6% FIB of $6.5200, and the second major support level at $6.3697.
Steering clear of sub-$6.00 levels, EOS bounced back to an early afternoon intraday high $7.0965.
Breaking back through the major support levels and the 23.6% FIB, EOS also broke through the first major resistance level at $6.9727.
Falling short of the second major resistance level at $7.4849, EOS slid back to end the day at sub-$6.35 levels.
The reversal saw EOS fall back through the first major support level at $6.5945, the 23.6% FIB of $6.5200, and the second major support level at $6.3697.
At the time of writing, EOS was up by 14.31% to $7.2541. A mixed start to the day saw EOS fall to an early morning low $6.1920 before rallying a high $7.4549.
EOS broke through the 23.6% FIB, the first major resistance level at $6.8879 and the second major resistance level at $7.4249 early on.
For the day ahead
EOS would need to avoid a fall back through the first major resistance level to support another run at the second major resistance level at $7.4294.
Support from the broader market would be needed for EOS to break back through to $7.40 levels.
Barring an extended rally throughout the day, the second major resistance level and this morning’s high $7.4549 will likely cap the upside.
In the event of an extended breakout, EOS will eye $8.00 levels before any pullback. The third major resistance level sits at $8.3037.
Failure to avoid a fall through first major resistance level would bring the $6.5515 pivot and the 23.6% FIB of $6.52 into play.
Barring an extended sell-off, however, EOS should steer clear of the first major support level at $6.0136.
Looking at the Technical Indicators
First Major Support Level: $6.0136
First Major resistance Level: $6.8879
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 slid by 8.82% on Tuesday. Following on from a 0.92% loss on Monday, Stellar’s Lumen ended the day at $0.5024.
A bearish start to the day saw Stellar’s Lumen tumble from an early morning intraday high $0.5513 to an afternoon intraday low $0.4955.
The sell-off saw Stellar’s Lumen fall through the first major support level at $0.5367 and the second major support level at $0.5221.
Stellar’s Lumen also fell through the 23.6% FIB of $0.5342 to end the day at $0.50 levels.
At the time of writing, Stellar’s Lumen was up by 4.86% to $0.5268. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4980 before rising to a high $0.5290.
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 $0.5164 to bring the 23.6% FIB of $0.5342 and the first major resistance level at $0.5373 into play.
Support from the broader market would be need, however, for Stellar’s Lumen to breakout from the 23.6% FIB of $0.5342.
Barring a broad-based crypto rebound, the first major resistance level and resistance at $0.54 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.5722.
Failure to avoid a fall back through the $0.5164 pivot would bring the first major support level at $0.4815 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.48 levels. The second major support level sits at $0.4606.
Looking at the Technical Indicators
First Major Support Level: $0.4815
First Major Resistance Level: $0.5373
23.6% FIB Retracement Level: $0.5342
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX
Tron’s TRX slid by 9.76% on Tuesday. Reversing a 3.28% gain from Monday, Tron’s TRX ended the day at $0.1193.
A bearish start to the day saw Tron’s TRX fall from an early morning intraday high $0.1322 to late afternoon intraday low $0.1178.
Tron’s TRX fell through the first major support level at $0.1273 and the second major support level at $0.1223.
Steering clear of the 38.2% FIB of $0.1167, Tron’s TRX briefly broke back through the second major support level to revisit $0.124 levels.
A bearish end to the day, however, saw Tron’s TRX fall back to end the day at sub-$0.12 levels.
At the time of writing, Tron’s TRX was 4.86% to $0.1251. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1171 before rising to a high $0.1264.
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 pivot at $0.1231 to bring the first major resistance level at $0.1284 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from this morning’s high $0.1264.
Barring an extended crypto rally, the first major resistance level and resistance at $0.1300 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at resistance at $0.14. The second major resistance level sits at $0.1375.
Failure to avoid a fall back through the $0.1231 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.1140 into play.
Barring another extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The second major support level sits at $0.1087.
Looking at the Technical Indicators
First Major Support Level: $0.1140
First Major Resistance Level: $0.1284
23.6% FIB Retracement Level: $0.1426
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
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