EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 17th, 2021

EOS

EOS fell by 1.33% on Tuesday. Following on from a 7.07% slide on Monday, EOS ended the day at $4.6512.

A mixed start to the day saw EOS fall to an early morning low $4.5108 before making a move.

Steering clear of the major support levels, EOS rose to a mid-day intraday high $5.0046.

Falling short of the first major resistance level at $5.2680, EOS slid to a late afternoon intraday low $4.3927.

Steering clear of the first major support level at $4.1522, EOS moved back through to $4.65 levels to reduce the deficit on the day.

At the time of writing, EOS was down by 1.50% to $4.5815. A mixed start to the day saw EOS rise to an early morning high $4.7056 before falling to a low $4.5610.

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

For the day ahead

EOS would need to move back through the $4.6828 pivot level to support a run at the first major resistance level at $4.9730.

Support from the broader market would be needed, however, for EOS to break back through to $4.90 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $5.0046 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $5.2947.

Failure to move back through the pivot level at $4.6828 would bring the first major support level at $4.3611 into play.

Barring an extended sell-off, however, EOS should continue to steer clear of sub-$4.00 levels. The second major support level at $4.0709 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.3611

First Major resistance Level: $4.9730

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 3.23% on Tuesday. Following on from a 4.20% decline on Monday, Stellar’s Lumen ended the day at $0.4789.

A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4805 before making a move.

Steering clear of the major support levels, Stellar’s Lumen struck an early morning intraday high $0.5177 before hitting reverse.

Falling short of the first major resistance level at $0.5466, Stellar’s Lumen slid to a late afternoon intraday low $0.4680.

While steering clear of the first major support level at $0.4368, Stellar’s Lumen fell through the 23.6% FIB of $0.4713.

Finding late support, however, Stellar’s Lumen broke back through the 23.6% FIB to end the day at $0.478 levels.

At the time of writing, Stellar’s Lumen was down by 1.40% to $0.4786. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4899 before falling to a low $0.4780.

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 pivot level at $0.4882 to bring the first major resistance level at $0.5084 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.50 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.5177 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.55. The second major resistance level sits at $0.5379.

Failure to move back through the $0.4882 pivot would bring the 23.6% FIB of $0.4713 and the first major support level at $0.4587 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.45 levels. The second major support level sits at $0.4385.

Looking at the Technical Indicators

First Major Support Level: $0.4587

First Major Resistance Level: $0.5084

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 rose by 2.54% on Tuesday. Partially reversing a 7.50% slide from Monday, Tron’s TRX ended the day at $0.05212.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.04892 before making a move.

Steering clear of the first major support level at $0.04561, Tron’s TRX struck a mid-morning intraday high $0.05542.

Falling short of the first major resistance level at $0.05633, Tron’s TRX slid back to sub-$0.050 levels and into the red.

Finding late support, however, Tron’s TRX moved back through to $0.052 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was down by 0.68% to $0.05176. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05245 before falling to a low $0.05068.

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 pivot level at $0.05215 to bring the first major resistance level at $0.05539 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.055 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.05542 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.060 before any pullback. The second major resistance level sits at $0.05865.

Failure to move back through the $0.05215 pivot would bring the first major support level at $0.04889 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.04565.

Looking at the Technical Indicators

First Major Support Level: $0.04889

First Major Resistance Level: $0.05539

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