Ethereum<\/p>\n
Ethereum fell by 1.75% on Tuesday. Following on from a 0.64% decline on Monday, Ethereum ended the day at $171.3.<\/p>\n
A relatively bullish start to the day saw Ethereum rise to an early morning intraday high $175.4 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $177.76, Ethereum slid to a late intraday low $170.47.<\/p>\n
The sell-off saw Ethereum fall through the first major support level at $171.21 before finding support.<\/p>\n
Finding support at the day end, Ethereum managed to break back through the first major support level.<\/p>\n
The extended bearish trend, formed at late April 2018s swing hi $828.97, remained firmly intact. A reversal from Junes current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.<\/p>\n
At the time of writing, Ethereum was down by 2.53% to $166.96. A particularly bearish start to the day saw Ethereum fall from an early morning high $171.48 to a low $164.10.<\/p>\n
Falling short of the major resistance levels, Ethereum fell through the first major support level at $169.38 and second major support level at $167.46.<\/p>\n
Ethereum would need to move back through to $172.40 levels to support a run at the first major resistance level at $174.31.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to move back through the major support levels.<\/p>\n
Barring a broad-based crypto rebound, Ethereum would likely fail to recover to $170 levels later in the day. The first major support level at $169.38 would likely pin Ethereum back.<\/p>\n
Failure to move back through the major support levels could see Ethereum test the third major support level at $162.53.<\/p>\n
Barring an extended sell-off through the day, however, Ethereum should steer clear of sub-$160 levels.<\/p>\n
Major Support Level: $169.38<\/p>\n
Major Resistance Level: $174.31<\/p>\n
23.6% FIB Retracement Level: $257<\/p>\n
38.2% FIB Retracement Level: $367<\/p>\n
62% FIB Retracement Level: $543<\/p>\n
Stellars Lumen fell by 1.43% on Tuesday. Partially reversing a 1.65% rise from Monday, Stellars Lumen ended the day at $0.063335.<\/p>\n
A choppy start to the day saw Stellars Lumen rise to an early morning intraday high $0.064999 before sliding to a mid-morning low $0.064015.<\/p>\n
Stellars Lumen broke through the first major resistance level at $0.0647 before hitting reverse.<\/p>\n
Steering clear of the major support levels, Stellars Lumen broke back through the first major resistance level before succumbing to market forces.<\/p>\n
A late sell-off saw Stellars Lumen slide through the first major support level at $0.06320 to an intraday low $0.062926.<\/p>\n
Finding support from the broader market, Stellars Lumen recovered to $0.063 levels to limit the downside on the day.<\/p>\n
The extended bearish trend remained firmly intact, reaffirmed by 24th Septembers new swing lo $0.051614. Stellars Lumen continued to fall short of the 23.6% FIB of $0.1310 following a pullback from $0.13 levels in late June.<\/p>\n
At the time of writing, Stellars Lumen was down by 1.61% to $0.062313. A bearish start to the day saw Stellars Lumen slide from an early morning high $0.06352 to a low $0.062313.<\/p>\n
Falling short of the major resistance levels, Stellars Lumen fell through the first major support level at $0.06250.<\/p>\n
Story continues<\/p>\n
Stellars Lumen would need to break through the first major support level to $0.06380 levels to support a run at $0.064 levels.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to take a run at the first major resistance level at $0.06460.<\/p>\n
Barring a broad-based crypto rebound, Stellars Lumen would likely come up short of $0.0630 levels, however.<\/p>\n
Failure to break through the first major support level could see Stellars Lumen slide deeper into the red.<\/p>\n
A fall through to $0.06210 levels would bring the second major support level at $0.06170 into play before any recovery.<\/p>\n
Barring an extended sell-off through the day, however, Stellars Lumen should steer clear of sub-$0.060 support levels.<\/p>\n
Major Support Level: $0.06250<\/p>\n
Major Resistance Level: $0.06460<\/p>\n
23.6% FIB Retracement Level: $0.1114<\/p>\n
38% FIB Retracement Level: $0.1484<\/p>\n
62% FIB Retracement Level: $0.2082<\/p>\n
Please let us know what you think in the comments below.<\/p>\n
Thanks, Bob<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Excerpt from: <\/p>\n
Ethereum and Stellars Lumen Daily Tech Analysis 23\/10\/19 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum Ethereum fell by 1.75% on Tuesday. Following on from a 0.64% decline on Monday, Ethereum ended the day at $171.3 Continue reading