EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 14th, 2021

EOS

EOS rallied by 14.26% on Tuesday. Reversing a 3.71% loss from Monday, EOS ended the day at $7.3862.

A mixed start to the day saw EOS fall to an early morning intraday low $6.4915 before making a move.

While steering clear of the first major support level at $6.2132, EOS fell through the 23.6% FIB of $6.5200.

Finding early support, however, EOS broke back through the 23.6% FIB to a late afternoon intraday high $7.5885.

EOS also broke through the first major resistance level at $6.8055 and the second major resistance level at $7.1372.

While easing back late in the day, EOS avoided the second major resistance level to wrap up the day at $7.38 levels.

At the time of writing, EOS was up by 5.14% to $7.7655. A bullish start to the day saw EOS rise from an early morning low $7.3235 to a high $7.9826.

EOS tested the first major resistance level at $7.8193 early on.

For the day ahead

EOS would need to avoid the $7.1554 pivot level to support another run at the first major resistance level at $7.8193.

Support from the broader market would be needed, however, for EOS to break back through to $7.80 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $8.00 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $8.50 before any pullback. The second major resistance level sits at $8.2524.

Failure to avoid a fall through the $7.1554 pivot would bring the first major support level at $6.7223 into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $6.0584. The 23.6% FIB of $6.5200 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $6.7223

First Major resistance Level: $7.8193

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 rallied by 11.35% on Tuesday. Following on from a 1.11% gain on Monday, Stellar’s Lumen ended the day at $0.6574.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.5766 before making a move.

Steering clear of the first major support level at $0.5686, Stellar’s Lumen rallied to a late intraday high and a new swing hi $0.6839.

Stellar’s Lumen broke through the day’s major resistance levels before a pullback to $0.637 levels.

The pullback saw Stellar’s Lumen fall back through the third major resistance level at $0.6713 to end the day at $0.65 levels.

At the time of writing, Stellar’s Lumen was up by 0.83% to $0.6629. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.6721 before falling to a low $0.6549.

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 pivot level at $0.6393 to bring the first major resistance level at $0.7020 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Tuesday’s new swing hi $0.6839.

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

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.75. The second major resistance level sits at $0.7466.

Failure to avoid a fall through the $0.6393 pivot would bring the first major support level at $0.5947 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer well clear of the second major support level at $0.5320.

Looking at the Technical Indicators

First Major Support Level: $0.5947

First Major Resistance Level: $0.7020

23.6% FIB Retracement Level: $0.5289

38% FIB Retracement Level: $0.4331

62% FIB Retracement Level: $0.2781

Tron’s TRX

Tron’s TRX rallied by 13.16% on Tuesday. Following on from a 6.16% gain on Monday, Tron’s TRX ended the day at $0.1462.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1267 before making a move.

Steering clear of the first major support level at $0.1207, Tron’s TRX rallied to a late intraday high and a new swing hi $0.1562.

Tron’s TRX broke through the first major resistance level at $0.1377 and the second major resistance level at $0.1463.

Falling short of $0.16 levels, Tron’s TRX slipped back through the second major resistance level to end the day at $0.1462.

At the time of writing, Tron’s TRX was up by 2.92% to $0.1505. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1426 before rising to a high $0.1552.

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 $0.1430 pivot to bring the first major resistance level at $0.1594 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s new swing hi $0.1562.

Barring an extended crypto rally, the first major resistance level and resistance at $0.16 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.18 before any pullback. The second major resistance level sits at $0.1725.

Failure to avoid a fall through the $0.1430 pivot would bring the first major support level at $0.1299 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of the second major support level at $0.1123. The 23.6% FIB of $0.1210 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1299

First Major Resistance Level: $0.1594

23.6% FIB Retracement Level: $0.1210

38.2% FIB Retracement Level: $0.0992

62% FIB Retracement Level: $0.0641

Please let us know what you think in the comments below

Thanks, Bob