EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 28th, 2021
It’s a bullish start to the day. Steering clear of the day’s pivot levels would support a run at the resistance levels.
EOS
EOS rose by 3.40% on Tuesday. Following a 17.20% breakout on Monday, EOS ended the day at $6.0656.
A mixed start to the day saw EOS fall to an early morning intraday low $5.7453 before making a move.
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Steering clear of the first major support level at $5.2219, EOS rallied to a late morning intraday high $6.1348.
Falling short of the first major resistance level at $6.2174, EOS fell back to sub-$5.80 levels before wrapping up the day at $6.0 levels.
At the time of writing, EOS was up by 2.09% to $6.1925. A mixed start to the day saw EOS fall to an early morning low $6.0579 before rising to a high $6.2402.
EOS broke through the first major resistance level at $6.2185 early on before easing back.
For the day ahead
EOS would need to avoid the $5.9819 pivot level to support another run at the first major resistance level at $6.2185.
Support from the broader market would be needed, however, for EOS to break back through to $6.20 levels.
Barring an extended crypto rally, the first major resistance level and this morning’s high $6.2402 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at the 23.6% FIB of $6.52 before any pullback. The second major resistance level sits at $6.3714.
Failure to avoid a fall through the $5.9819 would bring the first major support level at $5.8290 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level at $5.5924 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $5.8290
First Major resistance Level: $6.2185
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 5.02% on Tuesday. Following on from a 16.75% jump on Monday, Stellar’s Lumen ended the day at $0.5105.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4765 before making a move.
Steering clear of the first major support level at $0.4383, Stellar’s Lumen rallied to a late morning intraday high $0.5228.
Stellar’s Lumen broke through the first major resistance level at $0.5105 before falling back to sub-$0.50 levels.
Finding late support, however, Stellar’s Lumen broke back through the first major resistance level to end the day at $0.51 levels.
At the time of writing, Stellar’s Lumen was up by 0.66% to $0.5139. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5098 before rising to a high $0.5173.
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 through the pivot level at $0.5033 to bring the first major resistance level at $0.5300 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break out from Tuesday’s high $0.5228.
Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $0.5342 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.55 levels before any pullback. The second major resistance level sits at $0.5496.
Failure to avoid a fall through the $0.5033 pivot would bring the first major support level at $0.4837 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the 38.2% FIB of $0.4373. The second major support level at $0.4570 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.4837
First Major Resistance Level: $0.5300
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX
Tron’s TRX rallied by 7.13% on Tuesday. Following on from a 14.77% surge on Monday, Tron’s TRX ended the day at $0.1262.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1152 before making a move.
While steering clear of the first major support level at $0.1056, Tron’s TRX fell through the 38.2% FIB of $0.1167.
Finding early morning support, however, Tron’s TRX rallied to a late morning intraday high $0.1293.
Tron’s TRX broke through the 38.2% FIB and the first major resistance level at $0.1235 before easing back. Coming up against the second major resistance level at $0.1297, Tron’s TRX fell back to sub-$0.1210 levels.
Finding late support, however, retested the first major resistance level at $0.1235 before ending the day at $0.1233 levels.
At the time of writing, Tron’s TRX was up by 2.04% to $0.1287. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1257 before rising to a high $0.1288.
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 through the $0.1236 pivot to bring the first major resistance level at $0.1319 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 first major resistance level would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at the 23.6% FIB of $0.1426. The second major resistance level sits at $0.1377.
Failure to avoid a fall through the $0.1236 pivot would bring the first major support level at $0.1178 and the 38.2% FIB of $0.1167 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The second major support level sits at $0.1095.
Looking at the Technical Indicators
First Major Support Level: $0.1178
First Major Resistance Level: $0.1319
23.6% FIB Retracement Level: $0.
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
Please let us know what you think in the comments below
Thanks, Bob
