EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 24th, 2021

EOS

EOS rose by 3.42% on Monday. Following a 1.12% gain on Sunday, EOS ended the day at $5.6021.

A mixed start to the day saw fall to an early morning intraday low $5.3690 before making a move.

Steering clear of the first major support level at $5.2389, EOS rallied to a late morning intraday high $5.7033.

Coming up against the first major resistance level at $5.5711, EOS fell back to $5.50 levels before finding late support.

At the time of writing, EOS was down by 2.23% to $5.4782. A mixed start to the day saw EOS rise to an early morning high $5.6608 before falling to a low $5.4259.

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

For the day ahead

EOS would need to move back through the $5.5581 pivot to bring the first major resistance level at $5.7473 into play.

Support from the broader market would be needed to break out Monday’s high $5.7033.

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 $5.90 before any pullback. The second major resistance level sits at $5.8924.

Failure to back through the $5.5581 pivot would bring the first major support level at $5.4130 into play.

Barring an extended sell-off, however, EOS should steer clear of the second major support level at $5.2238

Looking at the Technical Indicators

First Major Support Level: $5.4130

First Major resistance Level: 5.7473

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 1.74% on Monday. Following a 0.27% gain on Sunday, Stellar’s Lumen ended the day at $0.3791.

A mixed start to the day saw Stellar’s Lumen fall to an early intraday morning low $0.3702 before making a move.

Steering clear of the first major support level at $0.3596, Stellar’s Lumen rallied to a late morning intraday high $0.3878.

Coming up against the first major resistance level at $0.3877, Stellar’s Lumen fell back to sub-$0.3720 levels before finding support.

At the time of writing, Stellar’s Lumen was down by 1.99% to $0.3752. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3806 before falling to a low $0.3697.

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 $0.3790 pivot to bring the first major resistance level at $0.3879 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.3850 levels.

Barring an extended rally, the first major resistance level and Monday’s high at $0.3878 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 $0.3966.

Failure to move back through the $0.3790 pivot would bring the first major support level at $0.3703 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 at $0.3614 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3703

First Major Resistance Level: $0.3879

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 2.76% on Monday. Reversing a 0.84% loss from Sunday, Tron’s TRX ended the day at $0.09015.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08747 before making a move.

Steering clear of the first major support level at $0.08548, Tron’s TRX rose to a late morning intraday high $0.09179.

Tron’s TRX broke through the first major resistance level at $0.09022 before easing back to sub-$0.090 levels.

Finding late support, however, Tron’s TRX broke back through to $0.090 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was down by 1.83% to $0.08850. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09095 before falling to a low $0.08832.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.08980 pivot to bring the first major resistance level at $0.09214 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 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 $0.09412.

Failure to move back through the $0.08980 pivot would bring the first major support level at $0.08782 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.085 levels. The second major support level at $0.08548 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.08782

First Major Resistance Level: $0.09214

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