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

EOS

EOS rose by 3.39% on Wednesday. Following a 1.53% gain on Tuesday, EOS ended the day at $4.7571.

A mixed start to the day saw EOS fall to an early morning intraday low $4.5883 before making a move.

Steering clear of the first major support level at $4.4337, EOS rallied to a late intraday high $4.9790.

EOS broke through the first major resistance level at $4.7416 and the second major resistance level at $4.8823.

Falling short of $5.00 levels, however, EOS fell back through the second major resistance level to end the day at sub-$4.80 levels.

At the time of writing, EOS was up by 6.29% to $5.0563. A mixed start to the day saw EOS fall to an early morning low $4.7389 before rallying to a high $5.1067.

EOS broke through the first major resistance level at $4.9613 early on.

For the day ahead

EOS would need to avoid a fall back through first major resistance level at $4.9613 to bring the second major resistance level at $5.1655 into play.

Support from the broader market would be needed for EOS to break out from the morning high $5.1067.

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

In the event of an extended rally, EOS could test resistance at $5.30. The third major resistance level sits at $5.5562.

A fall through the $4.7748 pivot would bring the first major support level at $4.5706 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.3841.

Looking at the Technical Indicators

First Major Support Level: $4.5706

First Major resistance Level: 4.9613

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 8.81% on Wednesday. Following a 3.89% gain on Tuesday, Stellar’s Lumen ended the day at $0.3373.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3095 before making a move.

Steering clear of the first major support level at $0.2986, Stellar’s Lumen rallied to a late intraday high $0.3525.

Stellar’s Lumen broke through the day’s major resistance levels and the 23.6% FIB of $S0.3402 before a late pullback.

The late pullback saw Stellar’s Lumen fall back through the third major resistance level at $0.3460 and the 23.6% FIB to end the day at sub-$0.34 levels.

At the time of writing, Stellar’s Lumen was up by 3.74% to $0.3499. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3360 before rising to a high $0.3510.

While Stellar’s Lumen left the major support and resistance levels untested, Stellar’s Lumen broke back through the 23.6% FIB.

For the day ahead

Stellar’s Lumen would need to avoid the 23.6% FIB and the $0.3331 pivot to bring the first major resistance level at $0.3567 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.3525.

Barring an extended rally, the first major resistance level and resistance at $0.36 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.38 before any pullback. The second major resistance level sits at $0.3761.

A fall back through the 23.6% FIB and through the $0.3331 pivot would bring the first major support level at $0.3137 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2901.

Looking at the Technical Indicators

First Major Support Level: $0.3137

First Major Resistance Level: $0.3567

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX jumped by 12.10% on Wednesday. Following a 0.99% gain on Tuesday, Tron’s TRX ended the day at $0.08384.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.07409 before making a move.

Steering clear of the first major support level at $0.07243, Tron’s TRX rallied to a late intraday high $0.08667.

Tron’s TRX broke through the day’s major resistance levels and the 23.6% FIB of $0.07870 to end the day at $0.083 levels.

At the time of writing, Tron’s TRX was up by 4.20% to $0.08736. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08315 before rising to a high $0.09004.

Tron’s TRX briefly broke through the first major resistance level at $0.08898 early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.08153 pivot to bring the first major resistance level at $0.08898 back into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.088 levels.

Barring an extended crypto rally, the first major resistance level $0.08898 and resistance at $0.09 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 38.2% FIB of $0.09890. The second major resistance level sits at $0.09411.

A fall through the $0.08153 pivot would bring the 23.6% FIB of $0.07870 and the first major support level at $0.07640 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.075 levels. The second major support level at sits $0.06895.

Looking at the Technical Indicators

First Major Support Level: $0.07640

First Major Resistance Level: $0.08898

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob