EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 15th, 2020

EOS

EOS fell by 0.11% on Monday. Following a 2.93% rally on Sunday, EOS ended the day at $2.8449.

A relatively choppy morning saw EOS fall to a mid-day intraday low $2.7948 before finding support.

Steering clear of the first major support level at $2.7523, EOS rose to a mid-afternoon intraday high $2.8661 before easing back.

Falling short of the first major resistance level at $2.9232, EOS fell back to $2.80 levels before a late partial recovery.

At the time of writing, EOS was up by 0.20% to $2.8507. A mixed start to the day saw EOS rise to an early morning high $2.8740 before falling to a low $2.8255.

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

For the day ahead

EOS would need to avoid a fall back through the $2.8353 pivot level to support another run at the first major resistance level at $2.8757.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.8740.

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 $2.90 before any pullback. The second major resistance level sits at $2.9066.

Failure to avoid a fall back through the pivot level at $2.8353 would bring the first major support level at $2.8044 into play.

Barring an extended sell-off, however, EOS should steer of the second major support level sat $2.7640.

Looking at the Technical Indicators

First Major Support Level: $2.8044

First Major resistance Level: $2.8757

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 3.27% on Monday. Partially reversing a 10.71% rally from Sunday, Stellar’s Lumen ended the day at $0.17023.

A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.17861 before hitting reverse.

Falling short of the first major resistance level at $0.18529, Stellar’s Lumen slid to a late intraday low $0.16665.

Steering clear of the first major support level at $0.16114, however, Stellar’s Lumen moved back through to $0.17 levels to limit the loss.

At the time of writing, Stellar’s Lumen was up by 0.79% to $0.17157. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.17011 to a high $0.17260.

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 $0.17183 pivot level to support a run at the first major resistance level at $0.17701.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.1750 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 $0.18 before any pullback. The second major resistance level sits at $0.18379.

Failure to move back through the pivot level at $0.17183 would bring the first major support level at $0.16505 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.16 levels. The second major support level sits at $0.15987.

Looking at the Technical Indicators

First Major Support Level: $0.16505

First Major Resistance Level: $0.17701

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 0.64% on Monday. Following on from a 2.57% gain on Sunday, Tron’s TRX ended the day at $0.029297.

It was a mixed start to the day. Tron’s TRX rose to an early morning intraday high $0.02939 before hitting reverse.

While falling short of the first major resistance level at $0.02993, Tron’s TRX broke through the 23.6% FIB of $0.0291.

The reversal, however, saw Tron’s TRX fall to an early afternoon intraday low $0.028433.

Steering clear of the first major support level at $0.02823, Tron’s TRX moved back through the 23.6% FIB to end the day in the green.

At the time of writing, Tron’s TRX was down by 0.31% to $0.029205. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.02950 before falling to a low $0.028871.

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 avoid a fall back through the 23.6% FIB and the $0.02904 pivot to support another run at the first major resistance level at $0.02965.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.02950.

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

In the event of another breakout, Tron’s TRX could test resistance at $0.030 before any pullback. The second major resistance level sits at $0.0300.

Failure to avoid a fall back through the 23.6% FIB and the $0.02904 pivot would bring the first major support level at $0.02869 back 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 at $0.02808 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $

First Major Resistance Level: $

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