EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 2nd, 2021

EOS

EOS rallied by 4.36% on Monday. Following a 0.01% gain on Sunday, EOS ended the day at $3.0582.

A mixed start to the day saw EOS fall to an early morning intraday low $2.8769 before making a move.

Steering well clear of the first major support level at $2.7930, EOS rallied to a late morning intraday high $3.3292 before hitting reverse.

EOS broke through the first major resistance level at $3.0791 and the second major resistance level at $3.2251.

The reversal saw EOS fall back to $2.89 levels before briefly breaking back through the first major resistance level to revisit $3.09 levels.

At the time of writing, EOS was down by 1.06% to $3.0258. A mixed start to the day saw EOS rise to an early morning high $3.0988 before falling to a low $2.9921.

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

For the day ahead

EOS would need to move back through the $3.0881 pivot level to support a run at the first major resistance level at $3.2993.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $3.3292.

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

In the event of an extended rally, EOS could test the second major resistance level at $3.5404.

Failure to move back through the pivot level at $3.0881 would bring the first major support level at $2.8470 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$2.80 levels. The second major support level sits at $2.6358.

Looking at the Technical Indicators

First Major Support Level: $2.8470

First Major resistance Level: $3.2993

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 5.20% on Monday. Partially reversing a 6.57% slide from Sunday, Stellar’s Lumen ended the day at $0.3235.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2974 before making a move.

Steering clear of the first major support level at $0.2879, Stellar’s Lumen rallied to a late morning intraday high $0.3650.

Stellar’s Lumen broke through the day’s major resistance levels and the 23.6% FIB of $0.3426 before hitting reverse.

The reversal saw Stellar’s Lumen fall back the major resistance levels to $0.3050 levels before finding support.

In spite of late move back through to $0.32 levels, Stellar’s Lumen came up short of the first major resistance level at $0.3329.

At the time of writing, Stellar’s Lumen was up by 1.27% to $0.3277. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3222 before striking a high $0.3350.

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 $0.3271 pivot to bring the 23.6% FIB of $0.3426 and the first major resistance level at $0.3614 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.36 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.3650 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.40 before any pullback. The second major resistance level sits at $0.3994.

Failure to move back through the $0.3271 pivot would bring the first major support level at $0.2891 and 38.2% FIB of 0.2823 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.28 levels. The second major support level sits at $0.2548.

Looking at the Technical Indicators

First Major Support Level: $0.2891

First Major Resistance Level: $0.3614

23.6% FIB Retracement Level: $0.3187

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX rallied by 5.53% on Monday. Reversing a 1.32% fall from Sunday, Tron’s TRX ended the day at $0.03320.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.03088 before making a move.

Steering clear of the first major support level at $0.02977, Tron’s TRX rose to a late morning intraday high $0.03588.

Tron’s TRX broke through the first major resistance level at $0.3408 before falling back to $0.0313 levels.

Finding late support, however, Tron’s TRX revisited $0.334 levels before easing back.

At the time of writing, Tron’s TRX was down by 0.12% to $0.03316. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.03276 before rising to a high $0.03390

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 $0.03332 pivot to bring the first major resistance level at $0.03576 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.035 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.03588 would likely cap any upside.

In the event of an extended rally Tron’s TRX could resistance at $0.038 before any pullback. The second major resistance level sits at $0.03832.

Failure to move back through the $0.03332 pivot would bring the first major support level at $0.03076 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.02832. The 23.6% FIB of $0.0291 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.03076

First Major Resistance Level: $0.03576

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