EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 16th, 2021

EOS

EOS rose by 3.82% on Sunday. Following a 15.50% surge on Saturday, EOS ended the week up by 32.64% to $5.7036.

A mixed start to the day saw EOS fall to a mid-morning intraday low $5.1288 before making a move.

EOS fell through the first major support level at $5.1740 before rallying to a late intraday high $5.7095.

EOS broke through the first major resistance level at $5.6856 to end the day at $5.70 levels.

At the time of writing, EOS was up by 2.57% to $5.8450. A mixed start to the day saw EOS fall to an early morning low $5.6502 before rallying to a high $6.0255.

EOS broke through the first major resistance level at $5.8991 early on.

For the day ahead

EOS would need to avoid a fall through $5.5140 pivot to bring the first major resistance level at $5.8991 back into play.

Support from the broader market would be needed for EOS to avoid a fall back to sub-$5.80 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $6.00 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $6.20 before any pullback. The second major resistance level sits at $6.0947.

A fall through the $5.5140 pivot would bring the first major support level at $5.3184 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.0 levels. The second major support level sits at $4.9333.

Looking at the Technical Indicators

First Major Support Level: $5.3184

First Major resistance Level: 5.8991

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 slipped by 0.94% on Sunday. Following a 17.20% rally from Saturday, Stellar’s Lumen ended the week up by 36.20% to $0.3913.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4034 before hitting reverse.

Falling short of the first major resistance level at $0.4130, Stellar’s Lumen slid to an early afternoon intraday low $0.3703.

Steering clear of the first major support level at $0.3644, Stellar’s Lumen moved back through to $0.39 levels to limit the downside.

At the time of writing, Stellar’s Lumen was up by 1.80% to $0.3983. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3877 before rising to a high $0.3983.

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 $0.3883 pivot to bring the first major resistance level at $0.4064 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.40 levels.

Barring an extended rally, the first major resistance level and resistance at $0.41 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.4277 before any pullback. The second major resistance level sits at $0.4214.

A fall through the $0.3883 pivot would bring the first major support level at $0.3733 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3552.

Looking at the Technical Indicators

First Major Support Level: $0.3733

First Major Resistance Level: $0.4064

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 rose by 0.30% on Sunday. Following a 10.72% rally on Saturday, Tron’s TRX ended the week up by 29.48% to $0.0931.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.09548 before hitting reverse.

Coming up against the first major resistance level at $0.09536, Tron’s TRX slid to a late afternoon intraday low $0.08908.

Steering clear of the first major support level at $0.08842, Tron’s TRX moved back through to $0.093 levels and into the green.

At the time of writing, Tron’s TRX was up by 1.26% to $0.09427. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09128 before rising to a high $0.09524.

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 back through the $0.09255 pivot to bring the first major resistance level at $0.09603 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back out from $0.095 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 38.2% FIB of $0.09890. The second major resistance level sits at $0.09895.

A fall back through the $0.09255 pivot would bring the first major support level at $0.08963 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level at $0.08615 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.08963

First Major Resistance Level: $0.09603

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