EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 12th, 2021

EOS

EOS rose by 1.61% on Sunday. Following on from a 6.57% rally on Saturday, EOS ended the week up by 6.94% to $6.7237.

A mixed start to the day saw EOS fall to an early morning intraday low $6.5454 before making a move.

Steering clear of the first major support level at $6.2528, EOS rallied to a mid-morning intraday high $7.0711.

EOS broke through the first major resistance level at $6.8726 before falling back to sub-$6.60 levels and into the red.

Finding late support, however, EOS revisited $6.80 levels before ending the day at $6.72 levels.

At the time of writing, EOS was down by 1.35% to $6.6327. A mixed start to the day saw EOS rise to an early morning high $6.7912 before falling to a low $6.5818.

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

For the day ahead

EOS would need to move back through the $6.7801 pivot level to support a run at the first major resistance level at $7.0147.

Support from the broader market would be needed, however, for EOS to break back through to $7.00 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $7.0711 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $7.50 before any pullback. The second major resistance level sits at $7.3058.

Failure to move back through the $6.7801 pivot would bring the 23.6% FIB of $6.5200 and the first major support level at $6.4890 into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $6.2544.

Looking at the Technical Indicators

First Major Support Level: $6.4890

First Major resistance Level: $7.0147

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 4.04% on Sunday. Following on from a 15.56% rally on Saturday, Stellar’s Lumen ended the week up by 36.37% to $0.5845.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.5548 before making a move.

Steering clear of the first major support level at $0.4989, Stellar’s Lumen rallied to a late morning intraday high and a new swing hi $0.6562.

Stellar’s Lumen broke through the first major resistance level at $0.6071 and the second major resistance level at $0.6527.

Through the late morning Stellar’s Lumen hit reverse, however, falling back to $0.58 levels before revisiting $0.62 levels.

Stellar’s Lumen briefly broke back through the first major resistance level at $0.6071 before ending the day at sub-$0.59 levels.

At the time of writing, Stellar’s Lumen was up by 0.69% to $0.5886. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5802 before rising to a high $0.6052.

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

For the day ahead

Stellar’s Lumen would need to move back through the pivot level at $0.5985 to bring the first major resistance level at $0.6422 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.64 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s new swing hi $0.6562 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.6999.

Failure to move back through the $0.5985 pivot would bring the first major support level at $0.5408 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer well clear of the 23.6% FIB of $0.5078. The second major support level sits at $0.4971.

Looking at the Technical Indicators

First Major Support Level: $0.5408

First Major Resistance Level: $0.6422

23.6% FIB Retracement Level: $0.5078

38% FIB Retracement Level: $0.4160

62% FIB Retracement Level: $0.2675

Tron’s TRX

Tron’s TRX fell by 3.87% on Sunday. Partially reversing a 9.51% rally from Saturday, Tron’s TRX ended the week down by 4.92% to $0.1218.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1275 before hitting reverse.

Falling short of the first major resistance level at $1.1320, Tron’s TRX slid to a mid-day intraday low $0.1176.

Steering clear of the first major support level at $0.1168, Tron’s TRX revisited $0.125 levels before easing back.

At the time of writing, Tron’s TRX was up by 6.06% to $0.1291. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1208 before rallying to a high $0.1298.

Tron’s TRX broke through the first major resistance level at $0.1270 early on.

For the Day Ahead

Tron’s TRX need to avoid a fall back through the first major resistance level at $0.1270 to bring the second major resistance level at $0.1322 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.13 levels

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

In the event of an extended rally Tron’s TRX could test the third major resistance level at $0.1421 and resistance at last week’s swing hi $0.1495.

Failure to avoid a fall back through first major resistance level would bring the $0.1223 pivot and sub-$0.12 levels into play.

Barring an extended sell-off, however, Tron’s TRX should avoid the first major support level at $0.1170.

Looking at the Technical Indicators

First Major Support Level: $0.1170

First Major Resistance Level: $0.1270

23.6% FIB Retracement Level: $0.1159

38.2% FIB Retracement Level: $0.0951

62% FIB Retracement Level: $0.0615

Please let us know what you think in the comments below

Thanks, Bob