EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 9th, 2021

EOS

EOS slid by 6.60% on Sunday. Reversing a 6.48% rally from Saturday, EOS ended the week up by 8.97% to $4.2966.

A mixed start to the day saw EOS rise to an early morning intraday high $4.6730 before hitting reverse.

Falling short of the first major resistance level at $4.7432 EOS slid to a late intraday low $4.2308.

EOS fell through the first major support level at $4.3707 to end the week at sub-$4.30 levels.

At the time of writing, EOS was down by 1.19% to $4.2453. A mixed start to the day saw EOS rise to an early morning high $4.3173 before falling to a low $4.2328.

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

For the day ahead

EOS would need to move through the $4.4001 pivot to bring the first major resistance level at $4.5695 into play.

Support from the broader market would be needed for EOS to break out from $4.50 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $4.6730 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $5.00. The second major resistance level sits at $4.8423.

Failure to move through the $4.4001 pivot would bring the first major support level at $4.1273 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level sits at $3.9579.

Looking at the Technical Indicators

First Major Support Level: $4.1273

First Major resistance Level: 4.5695

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 6.63% on Sunday. Partially reversing a 7.81% rally from Saturday, Stellar’s Lumen ended the week up by 4.42% to $0.2873.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3135 before hitting reverse.

Falling short of the first major resistance level at $0.3190, Stellar’s Lumen slid to a late intraday low $0.2857.

Stellar’s Lumen fell through the first major support level at $0.2891 to end the day at sub-$0.2880 levels.

At the time of writing, Stellar’s Lumen was down by 1.02% to $0.2843. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2889 before falling to a low $0.2833.

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 $0.2955 pivot to bring the first major resistance level at $0.3053 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.30 levels.

Barring an extended rally, the first major resistance level and Sunday’s high $0.3135 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.32 before any pullback. The second major resistance level sits at $0.3233.

Failure to move through the $0.2955 pivot would bring the first major support level at $0.2775 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.2677.

Looking at the Technical Indicators

First Major Support Level: $0.2775

First Major Resistance Level: $0.3053

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 4.08% on Sunday. Reversing a 4.11% gain from Saturday, Tron’s TRX ended the week up by 14.15% to $0.07190.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.07644 before hitting reverse.

Falling short of the first major resistance level at $0.07747, Tron’s TRX slid to a late intraday low $0.07059.

The extended sell-off saw Tron’s TRX fall through the first major support level at $0.07195 to end the week at $0.07190.

At the time of writing, Tron’s TRX was down by 0.57% to $0.07149. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07247 before falling to a low $0.07075.

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 $0.07298 pivot to bring the first major resistance level at $0.07536 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.075 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.07644 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 23.6% FIB of $0.07870 and the second major resistance level at $0.07883.

Failure to move through the $0.07298 pivot would bring the first major support level at $0.06951 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.068 levels. The second major support level sits at $0.06713.

Looking at the Technical Indicators

First Major Support Level: $0.06951

First Major Resistance Level: $0.07536

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