EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 4th, 2021

EOS

EOS rallied by 4.42% on Wednesday. Reversing a 1.09% fall from Tuesday, EOS ended the day at $3.8289.

A mixed start to the day saw EOS fall to an early morning intraday low $3.6367 before making a move.

Steering well clear of the first major support level at $3.5335, EOS rallied to a late morning intraday high $4.0767.

EOS broke through the first major resistance level at $3.8381 and the second major resistance level at $4.0036.

Falling short of $4.10 levels, EOS fell back through the first major resistance level to sub-$3.80 levels before finding support.

EOS briefly broke back through the first major resistance level at $3.8381 before ending the day at sub-$3.83 levels.

At the time of writing, EOS was up by 0.56% to $3.8502. A mixed start to the day saw EOS fall to an early morning low $3.7525 before rising to a high $3.8631.

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

For the day ahead

EOS would need to avoid a fall back through the $3.7474 pivot level to support a run at the first major resistance level at $4.0582.

Support from the broader market would be needed, however, for EOS to break back through to $4.00 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $4.0767 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.30 before any pullback. The second major resistance level sits at $4.2874.

Failure to avoid a fall back through the $3.8474 pivot would bring the first major support level at $3.6182 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4074.

Looking at the Technical Indicators

First Major Support Level: $3.6182

First Major resistance Level: $4.0582

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 0.45% on Wednesday. Partially reversing a 2.78% loss from Tuesday, Stellar’s Lumen ended the day at $0.4210.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4120 before making a move.

Steering clear of the first major support level at $0.3986, Stellar’s Lumen struck a mid-day intraday high $0.4385.

Coming up against the first major resistance level at $0.4381, Stellar’s Lumen slid back to sub-$0.42 levels before finding support.

A late move back through to $0.42 levels delivered the upside on the day.

At the time of writing, Stellar’s Lumen was up by 0.50% to $0.4231. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4170 before rising to a high $0.4237.

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

For the day ahead

Stellar’s Lumen would need to move through the pivot level at $0.4238 to bring the first major resistance level at $0.4357 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.43 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.4385 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4503.

Failure to move through the $0.4238 pivot would bring the first major support level at $0.4092 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.40 levels. The second major support level sits at $0.3973.

Looking at the Technical Indicators

First Major Support Level: $0.4092

First Major Resistance Level: $0.4357

23.6% FIB Retracement Level: $0.3426

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX rallied by 4.00% on Wednesday. Reversing a 1.26% fall from Tuesday, Tron’s TRX ended the day at $0.04887.

A choppy start to the day saw Tron’s TRX fall to an early morning intraday low $0.04624 before making a move.

Steering clear of the first major support level at $0.04501, Tron’s TRX rallied to a mid-day intraday high $0.05049.

Tron’s TRX broke through the first major resistance level at $0.04929 to revisit $0.050 levels before sliding back to sub-$0.048 levels.

Finding late support, Tron’s TRX broke back through the first major resistance level at $0.04929 to revisit $0.0499 levels before easing back.

Resistance at $0.050 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was up by 2.15% to $0.04992. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.04790 before striking a high $0.04996.

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

For the Day Ahead

Tron’s TRX need to avoid a fall through the pivot level at $0.04853 to bring the first major resistance level at $0.05083 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.050 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.05049 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.053 before any pullback. The second major resistance level sits at $0.05278.

Failure to avoid a fall through the $0.04853 pivot would bring the first major support level at $0.04658 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.045 levels. The second major support level sits at $0.04428.

Looking at the Technical Indicators

First Major Support Level: $0.04658

First Major Resistance Level: $0.05083

23.6% FIB Retracement Level: $0.03211

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