EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 11th, 2021

EOS

EOS fell by 0.94% on Wednesday. Following a 16.02% surge on Tuesday, EOS ended the day at $4.1311.

A bullish start to the day saw EOS rally to an early morning intraday high $4.5523 before hitting reverse.

EOS broke through the first major resistance level at $4.5180 before sliding to a mid-day intraday low $3.6423.

The sell-off saw EOS fall through the first major support level at $3.6524.

Finding late support, EOS revisited $4.21 levels before falling back to end the day in the red.

At the time of writing, EOS was down by 1.56% to $4.0665. A mixed start to the day saw EOS rise to an early morning high $4.1902 before falling to a low $4.0077.

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

For the day ahead

EOS would need to move back through the $4.1086 pivot level to support a run at the first major resistance level at $4.5748.

Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $4.5523.

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 $5.00 before any pullback. The second major resistance level sits at $5.0186.

Failure to move back through the pivot level at $4.1086 would bring the first major support level at $3.6648 into play.

Barring an extended sell-off, however, EOS should continue to steer clear of sub-$3.50 levels. The second major support level sits at $3.1986.

Looking at the Technical Indicators

First Major Support Level: $3.6648

First Major resistance Level: $4.5748

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 3.67% on Wednesday. Following on from a 0.83% gain on Tuesday, Stellar’s Lumen ended the day at $0.4153.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3820 before making a move.

Stellar’s Lumen fell through the first major support level at $0.3873 before rallying to a late intraday high $0.4474.

The day long rally saw Stellar’s Lumen break through the day’s major resistance levels before falling back to sub-$0.42 levels.

Stellar’s Lumen fell back through the third major resistance level at $0.4426 and the second major resistance level at $0.4197.

At the time of writing, Stellar’s Lumen was up by 1.93% to $0.4233. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4114 before striking a high $0.4361.

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 pivot level at $0.4149 to bring the first major resistance level at $0.4478 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.44 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.4474 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4803.

Failure to avoid a fall back through the $0.4190 pivot would bring the first major support level at $0.3824 pivot into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.38 levels. The second major support level sits at $0.3495.

Looking at the Technical Indicators

First Major Support Level: $0.3824

First Major Resistance Level: $0.4478

23.6% FIB Retracement Level: $0.3426

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX slipped by 0.62% on Wednesday. Following a 12.65% surge on Tuesday, Tron’s TRX ended the day at $0.04620.

A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.05029 before hitting reverse.

Falling short of the first major resistance level at $0.05156, Tron’s TRX slid to a mid-afternoon intraday low $0.04112.

While steering clear of the first major support level at $0.04016, Tron’s TRX fell through the 38.2% FIB of $0.0428.

Finding late support, however, Tron’s TRX revisited $0.047 levels before falling back into the red.

At the time of writing, Tron’s TRX was down by 2.08% to $0.04524. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.04689 before falling to a low $0.04492.

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

For the Day Ahead

Tron’s TRX need to move back through the $0.4587 pivot to bring the first major resistance level at $0.05062 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.050 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.05029 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.055 before any pullback. The second major resistance level sits at $0.05504.

Failure to move back through the $0.04587 pivot would bring the 38.2% FIB of $0.04280 and the first major support level at $0.04145 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.040 levels. The second major support level sits at $0.03670.

Looking at the Technical Indicators

First Major Support Level: $0.04145

First Major Resistance Level: $0.05062

23.6% FIB Retracement Level: $0.03211

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