EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 19th, 2021

EOS

EOS fell by 1.60% on Wednesday. Following an 8.29% slide on Tuesday, EOS ended the day at $4.9815.

A mixed start to the day saw EOS fall to an early morning intraday low $4.7403 before making a move.

EOS fell through the first major support level at $4.8148 before rising to a late afternoon intraday high $5.1740.

Falling short of the first major resistance level at $5.4986, EOS fell back to end the day at sub-$5.00 levels.

At the time of writing, EOS was up by 1.50% to $5.0562. A mixed start to the day saw EOS fall to an early morning low $4.9923 before rising to a high $5.0628.

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

For the day ahead

EOS would need to avoid a fall back through the $4.9653 pivot to bring the first major resistance level at $5.1902 into play.

Support from the broader market would be needed to break back through to $5.10 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $5.1740 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $5.50 before any pullback. The second major resistance level sits at $5.3990.

A fall back through the $4.9653 pivot would bring the first major support level at $4.7565 into play.

Barring an extended sell-off, however, EOS should steer clear of the second major support level at $4.5316.

Looking at the Technical Indicators

First Major Support Level: $4.7565

First Major resistance Level: 5.1902

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 0.15% on Wednesday. Following an 8.18% slide on Tuesday, Stellar’s Lumen ended the day at $0.3417.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3249 before making a move.

Stellar’s Lumen fell through the 23.6% FIB of $0.3402 and the first major support level at $0.3258.

Finding late morning support, however, Stellar’s Lumen rose to a late afternoon intraday high $0.3594.

While short of the first major resistance level at $0.3702, Stellar’s Lumen broke back through the 23.6% FIB to end the day at $0.3417.

At the time of writing, Stellar’s Lumen was up by 1.59% to $0.3471. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3363 before rising to a high $0.3475.

While Stellar’s Lumen left the major support and resistance levels untested, Stellar’s Lumen briefly fell through the 23.6% FIB of $0.3402.

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.3420 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3591 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.35 levels.

Barring an extended rally, the first major resistance level and Wednesday’s high at $0.3594 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.3765.

A fall back through the $0.3420 pivot and the 23.6% FIB of $0.3402 would bring the first major support level at $0.3246 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3075.

Looking at the Technical Indicators

First Major Support Level: $0.3246

First Major Resistance Level: $0.3591

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 0.40% on Wednesday. Following a 4.69% decline on Tuesday, Tron’s TRX ended the day at $0.085000.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08100 before making a move,

Tron’s TRX fell through the first major support level at $0.08234 before rising to a late afternoon intraday high $0.08791.

Falling short of the first major resistance level at $0.09044, however, Tron’s TRX fell back to $0.082 levels before ending the day at $0.085 levels.

At the time of writing, Tron’s TRX was up by 0.47% to $0.08535. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08396 before rising to a high $0.08538.

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 back through the $0.08464 pivot to bring the first major resistance level at $0.08827 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 and resistance at $0.090 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.095 before any pullback. The second major resistance level sits at $0.09155.

A fall back through the $0.08464 pivot would bring the first major support level at $0.08136 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of 23.6% FIB of $0.07870. The second major support level sits at $0.07773.

Looking at the Technical Indicators

First Major Support Level: $0.08136

First Major Resistance Level: $0.08827

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