EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 28th, 2020

EOS

EOS rallied by 4.02% on Sunday. Reversing a 2.05% decline from Saturday, EOS ended the week down by 13.41% to $2.7152.

A mixed start to the day saw EOS slide to a late morning intraday low $2.4397 before making a move.

EOS fell through the first major support level at $2.4838 before striking a mid-afternoon intraday high $2.8857.

The rally saw EOS break through the first major resistance level at $2.7189 and the second major resistance level at $2.8281.

A second sell-off, however, saw EOS fall through the resistance levels to sub-$2.70 levels before finding support.

EOS broke back through the first major resistance level before falling back to end the day at $2.715 levels.

At the time of writing, EOS was up by 0.61% to $2.7317. A mixed start to the day saw EOS fall to an early morning low $2.6106 before rising to a high $2.8531.

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

For the day ahead

EOS would need to avoid a fall through the $2.6802 pivot level to support a run at the first major resistance level at $2.9207.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.8857.

Barring an extended crypto rally, the first major resistance level and resistance at $3.00 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $3.1262 before any pullback.

Failure to avoid a fall through the pivot level at $2.6802 would bring the first major support level at $2.4747 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.40 levels, however. The second major support level sits at $2.2342.

Looking at the Technical Indicators

First Major Support Level: $2.4747

First Major resistance Level: $2.9207

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 1.15% on Sunday. Following on from a 3.74% slide on Saturday, Stellar’s Lumen ended the week down by 17.9% to $0.14501.

A mixed morning saw Stellar’s Lumen slide from an early morning high $0.1486 to a mid-day intraday low $0.1341.

The reversal saw Stellar’s Lumen fall through the first major support level at $0.1418 and the second major support level at $0.1369.

Steering clear of the 38.2% FIB of $0.1333, Stellar’s Lumen rallied to a late afternoon intraday high $0.1555.

Stellar’s Lumen broke through the first major resistance level at $0.1536 before falling back to sub-$0.15 levels and into the red.

At the time of writing, Stellar’s Lumen was up by 1.93% to $0.1478. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.14249 before rising to a high $0.14828.

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 $0.14487 pivot level to support a run at the first major resistance level at $0.15564.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.1555.

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

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.1650 before any pullback. The second major resistance level sits at $0.16627.

Failure to avoid a fall through the pivot level at $0.14487 would bring the first major support level at $0.13424 and the 38.2% FIB of $0.1333 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.13 levels. The second major support level sits at $0.12347.

Looking at the Technical Indicators

First Major Support Level: $0.13424

First Major Resistance Level: $0.15564

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 rallied by 4.93% on Sunday. Reversing a 2.22% fall from Saturday, Tron’s TRX ended the week down by 7.46% to $0.02889

Tracking the broader market, Tron’s TRX slid to a late morning intraday low $0.025977 before making a move.

Tron’s TRX fell through the first major support level at $0.02694 and the second major support level at $0.02610.

Steering clear of sub-$0.025 levels, Tron’s TRX rallied to a late afternoon intraday high $0.031238.

Tron’s TRX broke through the first major resistance level at $0.02868 and the second major resistance level at $0.02958.

More significantly, Tron’s TRX also broke through the 23.6% FIB of $0.0291.

Coming up against the third major resistance level at $0.03132, however, Tron’s TRX fell back to end the day at sub-$0.029 levels.

The pullback saw Tron’s TRX fall back through the second major resistance level at $0.02958 and the 23.6% FIB.

At the time of writing, Tron’s TRX was down by 0.028551. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.029023 before falling to a low $0.028505.

Tron’s TRX left the major support and resistance levels untested early on. The 23.6% FIB of $0.0291 pinned Tron’s TRX back early on.

For the Day Ahead

Tron’s TRX would need to move back through the $0.02870 pivot and the 23.6% FIB of $0.0291 to support a run at the first major resistance level at $0.03143.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.031 levels.

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

In the event of an extended rally, Tron’s TRX could resistance at $0.034 before any pullback. The second major resistance level sits at $0.03396.

Failure to move back through the $0.02870 pivot would bring the first major support level at $0.02617 into play.

Barring another extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.02344.

Looking at the Technical Indicators

First Major Support Level: $0.02617

First Major Resistance Level: $0.03143

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