EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 23rd, 2021

EOS

EOS slid by 7.99% on Monday. Reversing a 5.42% rally from Sunday, EOS ended the day at $4.6969.

A mixed start to the day saw EOS rise to a late morning intraday high $5.3038 before hitting reverse.

Falling short of the first major resistance level at $5.5113, EOS slid to an early afternoon intraday low $3.9674.

EOS fell through the first major support level at $4.7214 and the second major support level at $4.3316.

Steering clear of the third major support level at $3.5417, EOS revisited $4.78 levels before easing back.

EOS broke back through the second major support level and the first major support level before ending the day at sub-$4.70 levels.

At the time of writing, EOS was down by 1.48% to $4.6273. A mixed start to the day saw EOS rise to an early morning high $4.7368 before falling to a low $4.5825.

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

For the day ahead

EOS would need to move back through the $4.6560 pivot level to support a run at the first major resistance level at $5.3447.

Support from the broader market would be needed, however, for EOS to break back through to $5.0 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $5.3038 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $5.9924.

Failure to move back through the $4.6560 pivot would bring the first major support level at $4.0083 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.3196.

Looking at the Technical Indicators

First Major Support Level: $4.0083

First Major resistance Level: $5.3447

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 6.68% on Monday. Reversing a 2.08% gain from Sunday, Stellar’s Lumen ended the day at $0.4635.

A choppy start to the day saw Stellar’s Lumen rally to a mid-morning intraday high $0.5250 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.5116 before sliding to an early afternoon intraday low $0.3800.

The sell-off saw Stellar’s Lumen fall through the day’s major support levels and the 23.6% FIB of $0.4713.

Finding support at the 38.2% FIB of $0.3864, Stellar’s Lumen revisited $0.4719 levels before easing back.

Stellar’s Lumen broke back through the third major support level at $0.4269 and the second major support level at $0.4601.

The 23.6% FIB of $0.4713 pinned Stellar’s Lumen back late in the day, however.

At the time of writing, Stellar’s Lumen was down by 2.44% to $0.4522. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4650 before falling to a low $0.4508.

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 $0.4562 to bring the first major resistance level at $0.5323 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out the 23.6% FIB of $0.4713.

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 $0.6012.

Failure to move back through the $0.4562 pivot would bring the first major support level at $0.3873 and the 38.2% FIB of $0.3864 back into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3112.

Looking at the Technical Indicators

First Major Support Level: $0.3873

First Major Resistance Level: $0.5323

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 slid by 9.40% on Monday. Reversing a 3.80% gain from Sunday, Tron’s TRX ended the day at $0.05417.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05987 before hitting reverse.

Falling short of the first major resistance level at $0.06225, Tron’s TRX slid to an early afternoon intraday low $0.04550.

The sell-off saw Tron’s TRX slide through the day’s major support levels.

Steering clear of the 38.2% FIB of $0.0428, Tron’s TRX revisited $0.055 levels before easing back.

The partial recovery saw Tron’s TRX break back through the third major support level at $0.04809 and the second major support level at $0.05363.

At the time of writing, Tron’s TRX was down by 2.73 % to $0.05270. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05474 before falling to a low $0.05204.

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 $0.05318 to bring the first major resistance level at $0.06086 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.05987.

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 test resistance at $0.065 before any pullback. The second major resistance level sits at $0.06755.

Failure to move back through the $0.05318 pivot would bring the first major support level at $0.04649 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.03881. The 38.2% FIB of $0.0428 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.04649

First Major Resistance Level: $0.06086

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