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

EOS

EOS fell by 0.92% on Sunday. Following a 0.52% decline on Saturday, EOS ended the week down by 19.13% to $3.9739.

A bearish start to the day saw EOS fall to a late morning intraday low $3.6741 before making a move.

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EOS fell through the first major support level at $3.9120 and the second major support level at $3.8134.

Steering clear of the third major support level at $3.6212, EOS rallied to an early afternoon intraday high $4.1539.

EOS broke through the first major resistance level at $4.1042 before falling back to sub-$4.00 levels and into the red.

At the time of writing, EOS was up by 0.81% to $4.0060. A mixed start to the day saw EOS fall to an early morning low $3.9279 before rising to a high $4.0076.

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

For the day ahead

EOS would need to avoid the $3.9340 pivot to bring the first major resistance level at $4.1938 into play.

Support from the broader market would be needed to break out from Sunday’s high $4.1539.

Barring a broad-based crypto rally, the first major resistance and resistance at $4.20 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $4.4138 before any pullback.

A fall through the $3.9340 pivot would bring the first major support level at $3.7140 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4542.

Looking at the Technical Indicators

First Major Support Level: $3.7140

First Major resistance Level: $4.1938

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

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Stellar’s Lumen

Stellar’s Lumen fell by 0.32% on Sunday. Following a 1.46% decline on Saturday, Stellar’s Lumen ended the week down by 11.86% to $0.2762.

A bearish start to the day saw Stellar’s Lumen fall to a late morning intraday low $0.2613 before making a move.

Stellar’s Lumen fell through the first major support level at $0.2701 and the second major support level at $0.2631.

Steering clear of sub-$0.25 support levels, Stellar’s Lumen rallied to a late intraday high $0.2832.

Falling short of the first major resistance level at $0.2850, however, Stellar’s Lumen fell back to sub-$0.277 levels and into the red.

At the time of writing, Stellar’s Lumen was up by 0.55% to $0.2777. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2730 before rising to a high $0.2778.

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 $0.2736 pivot to bring the first major resistance level at $0.2858 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.2832.

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

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2955.

A fall back through the $0.2736 pivot would bring the first major support level at $0.2639 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level at $0.2517 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2639

First Major Resistance Level: $0.2858

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX slid by 3.14% on Sunday. Following a 1.24% loss on Saturday, Tron’s TRX ended the week down by 14.84% to $0.08812.

A bearish start to the day saw Tron’s TRX fall to mid-morning intraday low $0.08326 before making a move.

Tron’s TRX fell through the first major support level at $0.08871 and the second major support level at $0.8645.

Steering clear of the third major support level at $0.08161, Tron’s TRX rallied to a late intraday high $0.09107.

Falling short of the first major resistance level at $0.09355, however, Tron’s TRX fell back to sub-$0.090 levels and into the red.

The late pullback saw Tron’s TRX fall back through the first major support level at $0.08871.

At the time of writing, Tron’s TRX was up by 0.23% to $0.08832. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08638 before rising to a high $0.08841.

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 $0.08748 pivot to bring the first major resistance level at $0.09171 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.091 levels.

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

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at the 38.2% FIB of $0.09890 before any pullback. The second major resistance level sits at $0.09529.

A fall back through the $0.08748 pivot would bring the first major support level at $0.08390 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level at $0.07967 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.08390

First Major Resistance Level: $0.09171

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

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Thanks, Bob

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