EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 29th, 2020

EOS

EOS rose by 1.74% on Monday. Following on from a 4.02% rally on Sunday, EOS ended the day at $2.7606.

A mixed start to the day saw EOS fall to an early morning intraday low $2.6736 before making a move.

Steering clear of the first major support level at $2.4747, EOS rallied to an early afternoon intraday high $2.8957.

Falling short of the first major resistance level at $2.9207, EOS fell back to $2.70 levels before finding late support.

Steering clear of sub-$2.70 levels, EOS moved back through to $2.76 levels to deliver the upside on the day.

At the time of writing, EOS was down by 1.75% to $2.7122. A mixed start to the day saw EOS rise to an early morning high $2.8042 before falling to a low $2.6960.

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

For the day ahead

EOS would need to move back through the $2.7766 pivot level to support a run at the first major resistance level at $2.8797.

Support from the broader market would be needed, however, for EOS to break out from $2.85 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $2.8957 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $2.9987 before any pullback.

Failure to move back through the pivot level at $2.7766 would bring the first major support level at $2.6576 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.60 levels, however. The second major support level sits at $2.5545.

Looking at the Technical Indicators

First Major Support Level: $2.6576

First Major resistance Level: $2.8797

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 0.65% on Monday. Following on from a 1.15% decline from on Sunday, Stellar’s Lumen ended the day at $0.14417.

A mixed morning saw Stellar’s Lumen slide to an early morning low $0.14285 before making a move.

Steering clear of the first major support level at $0.13424, Stellar’s Lumen rallied to a late morning intraday high $0.15468.

Falling short of the first major resistance level at $0.15564, slid to a late intraday low $0.14116. Continuing to steer clear of the first major support level at $0.13424, Stellar’s Lumen moved back through to $0.144 levels to limit the loss.

At the time of writing, Stellar’s Lumen was down by 0.45% to $0.14352. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.14897 before falling to a low $0.14295.

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 $0.14667 pivot level to support a run at the first major resistance level at $0.15218.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.15 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.15468 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.16 before any pullback. The second major resistance level sits at $0.16019.

Failure to move back through the pivot level at $0.14667 would bring the first major support level at $0.13866 into play

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.1350 levels and the 38.2% FIB of $0.1333. The second major support level sits at $0.13315.

Looking at the Technical Indicators

First Major Support Level: $0.13866

First Major Resistance Level: $0.15218

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 2.08% on Monday. Following on from a 4.93% rally on Sunday, Tron’s TRX ended the day at $0.029471.

Tracking the broader market, Tron’s TRX fell through the 23.6% FIB to an early morning intraday low $0.028285 before making a move.

Steering clear of the first major support level at $0.02617, Tron’s TRX rallied to an early afternoon intraday high $0.030597.

While falling short of the first major resistance level at $0.03143, however, Tron’s TRX broke back through the 23.6% FIB before a late pullback.

Tron’s TRX slid back through the 23.6% FIB of $0.0291 to sub-$0.029 levels before wrapping up the day at $0.0294 levels.

At the time of writing, Tron’s TRX was down by 0.20% to $0.029414. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.030586 before falling to a low $0.029123.

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 $0.02945 pivot to support another run at the first major resistance level at $0.03062.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.030597.

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 $0.032 before any pullback. The second major resistance level sits at $0.03176.

Failure to move back through the $0.02945 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02831 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 $0.02714.

Looking at the Technical Indicators

First Major Support Level: $0.02831

First Major Resistance Level: $0.03062

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