EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 14th, 2020

EOS

EOS rose by rose by 2.93% on Sunday. Following on from a 2.88% gain on Saturday, EOS ended the week down by 5.11% to $2.8475.

A bearish start to the day saw EOS fall to an early morning intraday low $2.7327 before making a move.

Steering clear of the first major support level at $2.6955, EOS rallied to a late afternoon intraday high $2.9036.

EOS broke through the first major resistance level at $2.8247 and the second major resistance level at $2.8798.

A bearish end to the day, however, saw EOS fall back through the second major resistance level to end the day at $2.84 levels.

At the time of writing, EOS was down by 1.02% to $2.8185. A mixed start to the day saw EOS rise to an early morning high $2.8536 before falling to a low $2.8166.

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

For the day ahead

EOS would need to move back through the $2.8279 pivot level to support a run at the first major resistance level at $2.9232.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.9036.

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 $3.00 before any pullback. The second major resistance level sits at $2.9988.

Failure to move back through the pivot level at $2.8279 would bring the first major support level at $2.7523 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.70 levels. The second major support level sits at $2.6570.

Looking at the Technical Indicators

First Major Support Level: $2.7523

First Major resistance Level: $2.9232

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 rallied by 10.71% on Sunday. Following on from a 5.24% gain on Saturday, Stellar’s Lumen ended the week flat at $0.1760.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.15555 before making a move.

Steering clear of the first major support level at $0.15088, Stellar’s Lumen surged to a late intraday high $0.17970.

The extended rally saw Stellar’s Lumen break through the first major resistance level at $0.16597 and the second major resistance level at $0.17307.

A choppy end to the day saw Stellar’s Lumen briefly fall back through the second major resistance level before wrapping up the day at $0.176 levels.

At the time of writing, Stellar’s Lumen was down by 1.66% to $0.17308. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.17598 to a low $0.17308.

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

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.17042 pivot level to support a run at the first major resistance level at $0.18529.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.18 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, Stellar’s Lumen could test resistance at $0.19 before any pullback. The second major resistance level sits at $0.19457.

A fall through the pivot level at $0.17042 would bring the first major support level at $0.16114 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.15 levels. The second major support level sits at $0.14627.

Looking at the Technical Indicators

First Major Support Level: $0.16114

First Major Resistance Level: $0.18529

23.6% FIB Retracement Level: $0.09280

38% FIB Retracement Level: $0.1333

62% FIB Retracement Level: $0.1989

Tron’s TRX

Tron’s TRX rose by 2.57% on Sunday. Following on from a 2.32% gain on Saturday, Tron’s TRX ended the week down by 5.50% to $0.029127.

It was a mixed start to the day. Tron’s TRX fell to an early morning intraday low $0.028128 before making a move.

Steering clear of the first major support level at $0.02716, Tron’s TRX rallied to a late afternoon intraday high $0.029830.

Tron’s TRX broke through the 23.6% FIB of $0.0291 and the first major resistance level at $0.02971 before falling back to sub-$0.029 levels.

Finding late support, however, Tron’s TRX broke back through the 23.6% FIB to end the day at $0.02912 levels.

At the time of writing, Tron’s TRX was down by 0.76% to $0.028905. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.02930 before falling to a low $0.02871.

While leaving the major support and resistance levels untested early on, Tron’s TRX fell through the 23.6% FIB of $0.0291.

For the Day Ahead

Tron’s TRX would need to move back through the $0.02903 pivot and 23.6% FIB to support a run at the first major resistance level at $0.02993.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.02983.

Barring an extended crypto rally, the first major resistance level and resistance at $0.030 would likely cap any upside.

In the event of another breakout, the second major resistance level at $0.03073 would likely come into play.

Failure to move back through the $0.02903 pivot and 23.6% FIB would bring the first major support level at $0.02823 into play.

Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.028 levels. The second major support level sits at $0.02733.

Looking at the Technical Indicators

First Major Support Level: $0.02823

First Major Resistance Level: $0.02993

23.6% FIB Retracement Level: $0.0291

38.2% FIB Retracement Level: $0.0428

62% FIB Retracement Level: $0.0648

Please let us know what you think in the comments below

Thanks, Bob