EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 17th, 2021

EOS

EOS fell by 3.07% on Monday. Partially reversing a 3.82% gain from Sunday, EOS ended the day at $5.5193.

A mixed start to the day saw EOS rise to an early morning intraday high $5.9497 before hitting reverse.

EOS broke through the first major resistance level at $5.8991 before sliding to a late intraday low $5.4545.

Steering clear of the first major support level at $5.3184, EOS revisited $5.66 levels before easing back.

At the time of writing, EOS was down by 0.35% to $5.5000. A mixed start to the day saw EOS fall to an early morning low $5.1972 before rising to a high $5.6048.

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

For the day ahead

EOS would need to move through $5.6412 pivot to bring the first major resistance level at $5.8278 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 $6.1364.

Failure to move through the $5.6412 pivot would bring the first major support level at $5.3326 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level at $5.1460 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $5.3326

First Major resistance Level: 5.8278

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 slid by 4.99% on Monday. Following a 0.94% decline on Sunday, Stellar’s Lumen ended the day at $0.3716.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4100 before hitting reverse.

Stellar’s Lumen broke through first major resistance level at $0.4064 before sliding to a late afternoon intraday low $0.3705.

Stellar’s Lumen fell through the first major support level at $0.3733 before briefly revisiting $0.38 levels.

A bearish end to the day, however, saw Stellar’s Lumen fall back through the first major support level to end the day at sub-$0.3720.

At the time of writing, Stellar’s Lumen was up by 0.42% to $0.3732. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3570 before rising to a high $0.3757.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to move through the $0.3840 pivot to bring the first major resistance level at $0.3976 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.39 levels.

Barring an extended rally, the first major resistance level and Monday’s high 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 $0.4235.

Failure to move through the $0.3840 pivot would bring the first major support level at $0.3581 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3445.

Looking at the Technical Indicators

First Major Support Level: $0.3581

First Major Resistance Level: $0.3976

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 fell by 3.82% on Monday. Reversing a 0.30% gain from Sunday, Tron’s TRX ended the day at $0.08954.

A mixed start to the day saw Tron’s TRX rise to a midday intraday high $0.09703 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.09603 before sliding to a late intraday low $0.08823.

The sell-off saw Tron’s TRX fall through the first major support level at $0.08963.

Late in the day, Tron’s TRX briefly revisited $0.091 levels before sliding back through the first major support level to end the day at $0.0895 levels.

At the time of writing, Tron’s TRX was up by 0.79% to $0.09025. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08647 before rising to a high $0.09094.

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

For the Day Ahead

Tron’s TRX would need to move through the $0.09160 pivot to bring the first major resistance level at $0.09497 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.092 levels.

Barring an extended crypto rally, the first major resistance level and the 38.2% FIB of $0.09890 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.01004.

Failure to move through the $0.09160 pivot would bring the first major support level at $0.08617 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 $0.08280 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.08617

First Major Resistance Level: $0.09497

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