EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 25th, 2021

EOS

EOS slid by 9.63% on Tuesday. Reversing a 3.42% gain from Monday, EOS ended the day at $5.0623.

A mixed start to the day saw EOS rise to late morning intraday high $5.6961 before hitting reverse.

Falling short of the first major resistance level at $5.7473, EOS slid to a late afternoon intraday low $4.8800.

EOS fell through the day’s major support levels before a partial recovery. The partial recovery saw EOS move back through the third major support level at $4.8895 to end the day at $5.0 levels.

At the time of writing, EOS was up by 2.00% to $5.1638. A mixed start to the day saw EOS fall to an early morning low $5.0527 before rising to a high $5.1890.

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

For the day ahead

EOS would need to move through the $5.2128 pivot to bring the first major resistance level at $5.5456 into play.

Support from the broader market would be needed to break back through to $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 $6.00 before any pullback. The second major resistance level sits at $6.0289.

Failure to back through the $5.2128 pivot would bring the first major support level at $4.7295 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.3967.

Looking at the Technical Indicators

First Major Support Level: $4.7295

First Major resistance Level: 5.5456

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 7.47% on Tuesday. Reversing a 1.74% gain from Monday, Stellar’s Lumen ended the day at $0.3505.

A mixed start to the day saw Stellar’s Lumen rise to a late morning intraday high $0.3806 before hitting reverse.

Falling short of the first major resistance level at $0.3879, Stellar’s Lumen tumbled to a final hour intraday low $0.3502.

Stellar’s Lumen fell through the first major support level at $0.3703 and the second major support level at $0.3614 to end the day at $0.35 levels.

At the time of writing, Stellar’s Lumen was up by 1.67% to $0.3563. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3501 before rising to a high $0.3577.

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 $0.3604 pivot to bring the first major resistance level at $0.3707 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.3650 levels.

Barring an extended rally, the first major resistance level 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 $0.3908.

Failure to move through the $0.3604 pivot would bring the first major support level at $0.3403 and the 23.6% FIB of $0.3402 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3300.

Looking at the Technical Indicators

First Major Support Level: $0.3403

First Major Resistance Level: $0.3707

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 5.79% on Tuesday. Reversing a 2.76% rise from Monday, Tron’s TRX ended the day at $0.08493.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.09127 before hitting reverse.

Falling short of the first major resistance level at $0.09214, Tron’s TRX slid to a late afternoon intraday low $0.08356.

Tron’s TRX fell through the first major support level at $0.08782 and the second major support level at $0.08548 to end the day at sub-$0.085 levels.

At the time of writing, Tron’s TRX was up by 0.85% to $0.07565. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08437 before rising to a high $0.07640.

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 $0.08659 pivot to bring the first major resistance level at $0.08961 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.085 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 $0.09430.

Failure to move through the $0.08659 pivot would bring the first major support level at $0.08190 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.080 levels. The second major support level sits at $0.07888.

Looking at the Technical Indicators

First Major Support Level: $0.08190

First Major Resistance Level: $0.08961

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