EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 17th, 2020
EOS
EOS rallied by 3.35% on Monday. Reversing a 1.54% loss from Sunday, EOS ended the day at $2.5840.
A mixed start to the day saw EOS fall to an early morning intraday low $2.4829 before making a move.
Your capital is at risk
Steering clear of the first major support level at $2.4551, EOS rose to an early afternoon intraday high $2.6138.
EOS broke through the first major resistance level at $2.5530 and the second major resistance level at $2.6059.
A late pullback to $2.55 levels saw EOS fall through the second major resistance level to wrap up the day at $2.58 levels.
The first major resistance level at $2.5530 limited the downside late in the day.
At the time of writing, EOS was up by 1.09% to $2.6121. A mixed start to the day saw EOS fall to an early morning low $2.5782 before rising to a high $2.6325.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5602 pivot level to support a run at the first major resistance level at $2.6376.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6325.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $2.5602 would bring the first major support level at $2.5067 into play.
Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels. The second major support level sits at $2.4293.
Looking at the Technical Indicators
First Major Support Level: $2.5067
First Major resistance Level: $2.6376
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 2.99% on Monday. Reversing a 1.33% fall from Sunday, Stellar’s Lumen ended the day at $0.082556.
It was a mixed start to the day. Stellar’s Lumen fell to an early morning intraday low $0.079331 before making a move.
Steering clear of the first major support level at $0.07860, Stellar’s Lumen rallied to a mid-afternoon intraday high $0.082979.
Stellar’s Lumen broke through the first major resistance level at $0.08189 before a fall back to sub-$0.08150 levels.
Finding late support, however, Stellar’s Lumen broke back through the first major resistance level to close out at $0.0825 levels.
At the time of writing, Stellar’s Lumen was up by 1.57% to $0.083812. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.082359 to a high $0.084299.
Stellar’s Lumen broke through the first major resistance level at $0.08391 early on before easing back.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.08162 pivot to support another run at the second major resistance level at $0.08527.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through the first major resistance level.
Barring another broad-based crypto rally, resistance at $0.08450 would likely cap any upside. The second major resistance level sits at $0.08527.
Failure to avoid a fall through the $0.08162 pivot level would bring the first major support level at $0.08027 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.080 levels. The second major support level sits at $0.07797.
Looking at the Technical Indicators
First Major Support Level: $0.08027
First Major Resistance Level: $0.08391
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 1.38% on Monday. Following on from a 1.18% gain on Sunday, Tron’s TRX ended the day at $0.025589.
It was another relatively choppy day. Tron’s TRX fell to an early morning low $0.024945 before making a move.
Steering clear of the first major support level at $0.02487, Tron’s TRX rose to a late afternoon intraday high $0.025998.
Coming up against the first major resistance level at $0.02592, Tron’s TRX fell back to $0.0250 levels.
Finding late support, however, Tron’s TRX moved back through to $0.0255 levels to end the day in the green.
At the time of writing, Tron’s TRX was up by 0.84% to $0.025803. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02540 before rising to a high $0.025937
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 through the $0.02551 pivot level to support another run at the first major resistance level at $0.02608.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.025937.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.02551 pivot level would bring the first major support level at $0.02502 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 $0.02446.
Looking at the Technical Indicators
First Major Support Level: $0.02502
First Major Resistance Level: $0.02608
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
Please let us know what you think in the comments below
Thanks, Bob