EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 15th, 2021
EOS
EOS rose by 3.89% on Wednesday. Following on from a 14.26% rally on Tuesday, EOS ended the day at $7.6717.
A bullish start to the day saw EOS rise to an early morning intraday high $8.1288 before hitting reverse.
EOS broke through the first major resistance level at $7.8193 before sliding to an early afternoon intraday low $7.0261.
Steering clear of the first major support level at $6.7223, EOS moved back through to $7.78 levels to deliver the upside on the day.
At the time of writing, EOS was down by 3.03% to $7.4395. A mixed start to the day saw EOS rise to an early morning high $7.9858 before falling to a low $7.4286.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $7.6089 pivot level to support another run at the first major resistance level at $8.1916.
Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $8.1288.
Barring an extended crypto rally, the first major resistance level and resistance at $8.20 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $9.00 before any pullback. The second major resistance level sits at $8.7116.
Failure to move back through the $7.6089 pivot would bring the first major support level at $7.0889 into play.
Barring another extended sell-off, however, EOS should steer clear of the 23.6% FIB of $6.5200. The second major support level sits at $6.5062.
Looking at the Technical Indicators
First Major Support Level: $7.0889
First Major resistance Level: $8.1916
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 fell by 3.35% on Wednesday. Partially reversing an 11.35% rally from Tuesday, Stellar’s Lumen ended the day at $0.6354.
A bullish start to the day saw Stellar’s Lumen rally to an early morning intraday high and a new swing hi $0.6908 before hitting reverse.
Falling short of the first major resistance level at $0.7020, Stellar’s Lumen slid to an early afternoon intraday low $0.5921.
Stellar’s Lumen fell through the first major support level at $0.5947 before a partial recovery to $0.63 levels.
At the time of writing, Stellar’s Lumen was down by 3.30% to $0.6144. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.6366 before falling to a low $0.6142.
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 $0.6394 to bring the first major resistance level at $0.6868 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break out from $0.65 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s swing hi $0.6908 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.70. The second major resistance level sits at $0.7381.
Failure to move back through the $0.6394 pivot would bring the first major support level at $0.5881 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.5407.
Looking at the Technical Indicators
First Major Support Level: $0.5881
First Major Resistance Level: $0.6868
23.6% FIB Retracement Level: $0.5342
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX
Tron’s TRX fell by 3.96% on Wednesday. Partially reversing a 13.16% rally from Tuesday, Tron’s TRX ended the day at $0.1405.
A bullish start to the day saw Tron’s TRX rise to an early morning intraday high and a new swing hi $0.1570 before hitting reverse.
Falling short of the first major resistance level at $0.1594, Tron’s TRX slid to an early afternoon intraday low $0.1313.
Steering clear of the first major support level at $0.1299, Tron’s TRX revisited $0.1425 levels before easing back.
At the time of writing, Tron’s TRX was down by 2.67% to $0.1367. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1421 before falling to a low $0.1360.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.1429 pivot to bring the first major resistance level at $0.1546 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.15 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s new swing hi $0.1570 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at $0.165 before any pullback. The second major resistance level sits at $0.1686.
Failure to move back through the $0.1429 pivot would bring the first major support level at $0.1289 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of the second major support level at $0.1172. The 23.6% FIB of $0.1216 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.1289
First Major Resistance Level: $0.1546
23.6% FIB Retracement Level: $0.1216
38.2% FIB Retracement Level: $0.0997
62% FIB Retracement Level: $0.0644
Please let us know what you think in the comments below
Thanks, Bob
