EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 23rd, 2021

EOS

EOS rose by 1.12% on Sunday. Partially reversing a 1.94% loss on Saturday, EOS ended the week down by 4.95% to $5.4169.

A mixed start to the day saw EOS rise to a late morning intraday high $5.5473 before hitting reverse.

Falling short of the first major resistance level at $5.5783, EOS slid to a mid-afternoon intraday low $5.2151.

Steering clear of the first major support level at $5.2064, however, EOS bounced back to end the day at $5.41 levels.

At the time of writing, EOS was down by 0.39% to $5.3960. A mixed start to the day saw EOS rise to an early morning high $5.4439 before falling to a low $5.3690.

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 $5.3931 pivot to bring the first major resistance level at $5.5711 into play.

Support from the broader market would be needed to break out from $5.50 levels.

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 $5.80 before any pullback. The second major resistance level sits at $5.7253.

A fall back through the $5.3931 pivot would bring the first major support level at $5.2389 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level at $5.0609 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $5.2389

First Major resistance Level: 5.5711

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 0.27% on Sunday. Following a 3.45% slide on Saturday, Stellar’s Lumen ended the week down by 4.73% to $0.3728.

A bullish morning saw Stellar’s Lumen rally to a late morning intraday high $0.3895 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.3819 before sliding to a late afternoon intraday low $0.3614.

The reversal saw Stellar’s Lumen fall the first major support level at $0.3648 before ending the day at $0.37 levels.

At the time of writing, Stellar’s Lumen was down by 0.26% to $0.3718. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3749 before falling to a low $0.3702.

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

For the day ahead

Stellar’s Lumen would need to move back through the $0.3746 pivot to bring the first major resistance level at $0.3877 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.38 levels.

Barring an extended rally, the first major resistance level and Sunday’s high at $0.3895 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 $0.4027.

Failure to move back through the $0.3746 pivot would bring the first major support level at $0.3596 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear sub-$0.35 levels. The second major support level sits at $0.3465.

Looking at the Technical Indicators

First Major Support Level: $0.3596

First Major Resistance Level: $0.3877

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 0.84% on Sunday. Following a 2.58% decline on Saturday., Tron’s TRX ended the week down by 5.77% to $0.08773.

A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.09047 before hitting reverse.

Coming up against the first major resistance level at $0.09040, Tron’s TRX slid to a mid-afternoon intraday low $0.08676.

Tron’s TRX fell through the first major support level at $0.08701 before ending the day at $0.0877 levels.

At the time of writing, Tron’s TRX was up by 0.40% to $0.08809. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08747 before rising to a high $0.08861.

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 $0.08798 pivot to bring the first major resistance level at $0.09022 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.090 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.09047 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 $0.09272.

A fall back through the $0.08798 pivot would bring the first major support level at $0.08548 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.080 levels. The second major support level at $0.08324 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.08548

First Major Resistance Level: $0.09022

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