EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 26th, 2021

EOS

EOS rose by 2.89% on Wednesday. Partially reversing a 9.63% slide from Tuesday, EOS ended the day at $5.2087.

A mixed start to the day saw EOS rise to an early morning high $5.2108 before hitting reverse.

Falling short of the first major resistance level at $5.5456, EOS slid to a late morning intraday low $4.9106.

Steering clear of the first major support level at $4.7295, however, EOS rose to a late intraday high $5.2587.

Continuing to fall short of the major resistance levels, EOS eased back to end the day at sub-$5.21 levels.

At the time of writing, EOS was up by 0.70% to $5.2453. A mixed start to the day saw EOS fall to an early morning low $5.2402 before rising to a high $5.2647.

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

For the day ahead

EOS would need to avoid the $5.1260 pivot to bring the first major resistance level at $5.3414 into play.

Support from the broader market would be needed to break back through to $5.30 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 $5.50 before any pullback. The second major resistance level sits at $5.4741.

A fall through the $5.1260 pivot would bring the first major support level at $4.9933 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.7779 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.9933

First Major resistance Level: $5.3414

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 2.46% on Wednesday. Partially reversing a 7.47% slide from Tuesday, Stellar’s Lumen ended the day at $0.3588.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3598 before hitting reverse.

Falling short of the first major resistance level at $0.3707, Stellar’s Lumen tumbled to a late morning intraday low $0.3416.

Steering clear of the first major support level at $0.3403, however, Stellar’s Lumen revisited $0.359 levels before easing back.

At the time of writing, Stellar’s Lumen was up by 0.58% to $0.3609. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3560 before rising to a high $0.3635.

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

For the day ahead

Stellar’s Lumen would need to avoid the $0.3534 pivot to bring the first major resistance level at $0.3652 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.3635.

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 $0.3716.

A fall through the $0.3534 pivot would bring the first major support level at $0.3470 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 $0.3352.

Looking at the Technical Indicators

First Major Support Level: $0.3470

First Major Resistance Level: $0.3652

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 2.70% on Wednesday. Partially reversing a 5.79% decline from Tuesday, Tron’s TRX ended the day at $0.08722.

A mixed start to the day saw Tron’s TRX fall to a late morning intraday low $0.08267 before making a move.

Steering clear of the first major support level at $0.08190, Tron’s TRX rallied to a late intraday high $0.08818.

Falling short of the first major resistance level at $0.08961, Tron’s TRX slipped back to end the day at sub-$0.088 levels.

At the time of writing, Tron’s TRX was up by 0.32% to $0.08750. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08645 before rising to a high $0.08886.

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

For the Day Ahead

Tron’s TRX would need to avoid the $0.08602 pivot to bring the first major resistance level at $0.08938 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from this morning’s high $0.08886.

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 $0.09153.

A fall through the $0.08602 pivot would bring the first major support level at $0.08387 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 $0.08051 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.08387

First Major Resistance Level: $0.08938

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