EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 21st, 2020

EOS

EOS rose by 2.59% on Sunday. Reversing a 0.16% loss from Saturday, EOS ended the week up by 10.11% to $3.1357.

A bearish start to the day saw EOS fall to an early morning intraday low $2.9927 before making a move.

EOS fell through the first major support level at $3.0028 before rallying to a late afternoon intraday high $3.3419.

The rally saw EOS break through the first major resistance level at $3.1336 and the second major resistance level at $3.2105.

Coming up against the third major resistance level at $3.3413, however, EOS slid back to a late low $3.0192.

EOS fell back through the major resistance levels before a move back through to $3.16 levels.

The recovery saw EOS break back through the first major resistance level at $3.1336 to end the day at $3.135 levels.

At the time of writing, EOS was up by 2.49% to $3.2139. A mixed start to the day saw EOS fall to an early morning low $3.0942 before rising to a high $3.2357.

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 $3.1568 pivot level to support a run at the first major resistance level at $3.3208.

Support from the broader market would be needed, however, for EOS to break back through to $3.30 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $3.3419 would likely cap any upside.

In the event of another extended rally, EOS could test resistance at $3.40 before any pullback. The second major resistance level sits at $3.5060.

Failure to avoid a fall back through the pivot level at $3.1568 would bring the first major support level at $2.9716 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.90 levels. The second major support level sits at $2.8076.

Looking at the Technical Indicators

First Major Support Level: $2.9716

First Major resistance Level: $3.3208

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 fell by 2.81% on Sunday. Following on from a 2.1% decline from Saturday, Stellar’s Lumen ended the week up by 0.37% to $0.1766.

A bearish start to the day saw Stellar’s Lumen fall to an early morning low $0.17500 before making a move.

Stellar’s Lumen fell through the first major support level at $0.17786 before surging to a late intraday high $0.18266.

Falling short of the first major resistance level at $0.18697, Stellar’s Lumen slid to a late intraday low $0.17392.

Stellar’s Lumen fell through the first major support level at $0.17786 and the second major support level at $0.17410.

A partial recovery to $0.176 levels saw Stellar’s Lumen break back through the second major support level, however.

At the time of writing, Stellar’s Lumen was up by 0.66% to $0.17778. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.17445 before rising to a high $0.17870.

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 back through the $0.17774 pivot level to support a run at the first major resistance level at $0.18155.

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 $0.1850 before any pullback. The second major resistance level sits at $0.18648.

Failure to avoid a fall back through the pivot level at $0.17774 would bring the first major support level at $0.17281 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.17 levels. The second major support level sits at $0.16900.

Looking at the Technical Indicators

First Major Support Level: $0.17281

First Major Resistance Level: $0.18155

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 0.69% on Sunday. Following a 0.72% gain on Saturday, Tron’s TRX ended the week up by 8.04% to $0.031451.

It was a mixed start to the day. Tron’s TRX fell to an early morning intraday low $0.030252 before making a move. Tron’s TRX fell through the first major support level at $0.03050 before rallying to a late afternoon intraday high $0.03311.

Tron’s TRX broke through the first major resistance level at $0.03215 before hitting reverse.

Coming up against the second major resistance level at $0.03306, Tron’s TRX fell back to sub-$0.031 levels.

The 2^nd pullback saw Tron’s TRX fall back through the first major support level before wrapping up the day at $0.0314 levels.

At the time of writing, Tron’s TRX was up by 0.24% to $0.031527. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.030756 before striking a high $0.032025.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.03160 pivot to support a run at the first major resistance level at $0.03296.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.03250 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.03311 would likely cap any upside.

In the event of another breakout, Tron’s TRX could test resistance at $0.034 before any pullback. The second major resistance level sits at $0.03446.

Failure to move back through the $0.03160 pivot would bring the first major support level at $0.03010 into play.

Barring another extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.02875. The 23.6% FIB of $0.0291 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.03010

First Major Resistance Level: $0.03296

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