EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 18th, 2021

EOS

EOS rallied by 4.38% on Wednesday. Reversing a 1.33% decline from Tuesday, EOS ended the day at $4.8470.

A mixed start to the day saw EOS fall to an early morning intraday low $4.4217 before making a move.

Steering clear of the first major support level at $4.3611, EOS rose to a mid-day intraday high $4.8957.

Falling short of the first major resistance level at $4.9730, EOS fell back to sub-$4.80 levels before ending the day at $4.8470.

At the time of writing, EOS was up by 1.81% to $4.9347. A mixed start to the day saw EOS fall to an early morning low $4.8173 before rising to a high $5.0202.

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

For the day ahead

EOS would need to avoid a fall through the $4.7215 pivot level to support another run at the first major resistance level at $5.0212.

Support from the broader market would be needed, however, for EOS to break out from this morning’s high $5.0202

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 the second major resistance level at $5.1955.

Failure to avoid a fall through the pivot level at $4.7215 would bring the first major support level at $4.5472 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.2475.

Looking at the Technical Indicators

First Major Support Level: $4.5472

First Major resistance Level: $5.0212

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 rose by 2.53% on Wednesday. Partially reversing a 3.23% fall from Tuesday, Stellar’s Lumen ended the day at $0.4977.

A bearish start to the day saw Stellar’s Lumen fall to an early morning low $0.4561.

Stellar’s Lumen fell through the 23.6% FIB of $0.4713 and the first major support level at $0.4587 before making a move.

Steering clear of sub-$0.45 levels, Stellar’s Lumen rallied to a late intraday high $0.5100.

Coming up against the first major resistance level at $0.5084, Stellar’s Lumen fell back to end the day at sub-$0.50 levels.

At the time of writing, Stellar’s Lumen was up by 1.64% to $0.5059. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.4980 to a high $0.5133

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 pivot level at $0.4879 to bring the first major resistance level at $0.5198 back into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from this morning’s high $0.5133.

Barring an extended crypto rally, the first major resistance level and 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 $0.5418.

Failure to avoid a fall through the $0.4879 pivot would bring the 23.6% FIB of $0.4713 and the first major support level at $0.4659 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 $0.4340.

Looking at the Technical Indicators

First Major Support Level: $0.4659

First Major Resistance Level: $0.5198

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 1.12% on Wednesday. Following on from a 2.54% gain on Tuesday, Tron’s TRX ended the day at $0.05217.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.04864 before making a move.

Tron’s TRX fell through the first major support level at $0.04889 before rising to an early afternoon intraday high $0.05434.

Falling short of the first major resistance level at $0.05539, Tron’s TRX fell back to end the day at $0.052 levels.

At the time of writing, Tron’s TRX was up by 3.98% to $0.05425. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05197 before rising to a high $0.05467.

Tron’s TRX broke through the first major resistance level at $0.05479 early on.

For the Day Ahead

Tron’s TRX need to avoid a fall through pivot level at $0.05172 to bring the first major resistance level at $0.05479 back into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.05450 levels.

Barring an extended crypto rally, the first major resistance level and morning high $0.05497 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 $0.05742.

Failure to avoid a fall through the $0.05172 pivot would bring the first major support level at $0.04909 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.04602.

Looking at the Technical Indicators

First Major Support Level: $0.04909

First Major Resistance Level: $0.05479

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