EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 6th, 2021

EOS

EOS rallied by 6.55% on Monday. Following on from a 16.22% jump on Sunday, EOS ended the day at $6.6989.

A mixed start to the day saw EOS rise to an early morning high $6.4295 before hitting reverse.

Falling short of the 23.6% FIB of $6.52 and the first major resistance level at $6.6270, EOS fell to a late morning intraday low $5.8259.

Steering clear of the first major support level at $5.6354, EOS rallied to a late afternoon intraday high $7.0873 before easing back.

EOS broke through the first major resistance level at $6.6270 and the second major resistance level at $6.9672.

More significantly, EOS also broke through the 23.6% FIB of $6.5200 to end the day at $6.69 levels.

At the time of writing, EOS was down by 1.18% to $6.6199. A mixed start to the day saw EOS rise to an early morning high $6.9347 before falling to a low $6.6056.

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

For the day ahead

EOS would need to avoid a fall through the $6.5374 pivot level to support a run at the first major resistance level at $7.2488

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $7.0873.

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

In the event of an extended rally, EOS could test resistance at $8.00 before any pullback. The second major resistance level sits at $7.7988.

Failure to avoid a fall through the $6.5374 pivot would bring the 23.6% FIB of $6.52 and the first major support level at $5.9874 into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $5.2760.

Looking at the Technical Indicators

First Major Support Level: $5.9874

First Major resistance Level: $7.2488

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 surged by 25.27% on Monday. Following on from a 4.87% gain on Sunday, Stellar’s Lumen ended the day at $0.5369.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4221 before making a move.

Steering clear of the first major support level at $0.4091, Stellar’s Lumen rallied to a late intraday high $0.5490.

Stellar’s Lumen broke through the day’s major resistance levels and the 23.6% FIB of $0.4713 to wrap up the day at $0.53 levels.

At the time of writing, Stellar’s Lumen was down by 6.16% to $0.5039. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.5401 before falling to a low $0.4973.

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 back through the pivot level at $0.5027 to bring the first major resistance level at $0.5832 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Monday’s high $0.5490.

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 $0.65 before any pullback. The second major resistance level sits at $0.6296.

Failure to avoid a fall back through the $0.5027 pivot would bring the 23.6% FIB of $0.4713 and the first major support level at $0.4563 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear sub-$0.45 levels. The second major support level sits at $0.3758.

Looking at the Technical Indicators

First Major Support Level: $0.4563

First Major Resistance Level: $0.5832

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 rose by 6.64% on Monday. Following on from a 26.24% breakout on Sunday, Tron’s TRX ended the day at $0.1366.

A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1436 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.13778 to hit a new swing hi before falling back to a mid-morning intraday low $0.1254.

Steering clear of the first major support level at $0.1084, Tron’s TRX rallied to a late intraday high and a new swing hi $0.1495.

Tron’s TRX broke through the first major resistance level at $0.13778 and the second major resistance level at $0.1481.

A late pullback, however, saw Tron’s TRX fall back through the resistance levels to end the day at sub-$0.137 levels.

At the time of writing, Tron’s TRX was down by 3.62% to $0.1316. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1398 before falling to a low $0.1285.

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

For the Day Ahead

Tron’s TRX need to move back through the pivot level at $0.1372 to bring the first major resistance level at $0.1489 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.14 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.1495 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.16 before any pullback. The second major resistance level sits at $0.1613.

Failure to move back through the $0.1372 pivot would bring the first major support level at $0.1248 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.1159 and the second major support level at $0.1131.

Looking at the Technical Indicators

First Major Support Level: $0.1248

First Major Resistance Level: $0.1489

23.6% FIB Retracement Level: $0.1114

38.2% FIB Retracement Level: $0.0915

62% FIB Retracement Level: $0.0592

Please let us know what you think in the comments below

Thanks, Bob