EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis

EOS

EOS rallied by 10.51% on Sunday. Following a 0.46% gain on Saturday, EOS ended the week up by 24.33% to $6.2978.

A mixed start to the day saw EOS fall to a mid-morning intraday low $5.5320 before making a move.

Advertisement Know where the Market is headed? Take advantage now with

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

EOS fell through the first major support level at $5.5391 before rallying to a late intraday high $6.3297.

EOS broke through the first major resistance level at $5.8749 and the second major resistance level at $6.0511 to end the day at $6.29 levels.

At the time of writing, EOS was down by 1.92% to $6.1770. A mixed start to the day saw EOS rise to an early morning high $6.3031 before falling to a low $6.0851.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid the $6.0532 pivot to bring the 23.6% FIB of $6.52 and the first major resistance level at $6.5743 into play.

Support from the broader market would be needed to break out from Sunday’s high $6.3297.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $7.00 before any pullback. The second major resistance level sits at $6.8509.

A fall through the $6.0532 pivot would bring the first major support level at $5.5766 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $5.2555.

Looking at the Technical Indicators

First Major Support Level: $5.7766

First Major resistance Level: $6.5743

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Advertisement

Stellar’s Lumen

Stellar’s Lumen rallied by 7.60% on Sunday. Following a 0.46% gain on Saturday, Stellar’s Lumen ended the week up by 15.95% to $0.3980.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3683 before making a move.

Steering clear of the first major support level at $0.3617, Stellar’s Lumen rallied to a late intraday high $0.3980.

Stellar’s Lumen broke through the first major resistance level at $0.3813 and the second major resistance level at $0.3928 to end the day at $0.3980.

At the time of writing, Stellar’s Lumen was down by 0.61% to $0.3956. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3992 before falling to a low $0.3933.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid the $0.3881 pivot to bring the first major resistance level at $0.4079 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.40 levels.

Barring an extended rally, the first major resistance level would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.4277 before any pullback. The second major resistance level sits at $0.4178.

A fall through the $0.3881 pivot would bring the first major support level at $0.3782 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.35 levels. The second major support level at $0.3584 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3782

First Major Resistance Level: $0.4079

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX rose by 3.14% on Sunday. Following a 0.30% gain on Saturday, Tron’s TRX ended the week up by 19.03% to $0.1051.

A mixed start to the day saw Tron’s TRX fall to a mid-morning intraday low $0.1007 before making a move.

Steering clear of the first major support level at $0.09950, Tron’s TRX rallied to a late intraday high $0.1057.

Tron’s TRX broke through the first major resistance level at $0.1041 to end the day at $0.105 levels.

At the time of writing, Tron’s TRX was down by 0.03%. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1059 before falling to a low $0.1039.

Tron’s TRX left the major support and resistance levels untested early on.

For the Day Ahead

Tron’s TRX would need to avoid the $0.10383 pivot to bring the first major resistance level at $0.1070 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from this morning’s high $0.1059.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1088.

A fall through the $0.1038 pivot would bring the first major support level at $0.1020 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.09890. The second major support level sits at $0.09883.

Looking at the Technical Indicators

First Major Support Level: $0.1020

First Major Resistance Level: $0.1070

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob

NewsNow

Check Also

Indians continue buying cryptos via P2P and other methods even after UPI halt

Though most top exchanges saw a surge in buying activity in the last few weeks, as much as 60-80% of all transactions are now happening through some of the new methods introduced by the crypto exchanges.