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

EOS

EOS slid by 15.65% on Sunday. Reversing a 16.21% rally from Saturday, EOS ended the week up by 9.30% to $3.0615.

A bullish start to the day saw EOS rally to a late morning intraday high $3.9583 before hitting reverse.

EOS broke through the first major resistance level at $3.9193 before sliding to a late intraday low $2.7389.

EOS fell through the first major support level at $3.1626 before a partial recovery to $3.0 levels.

At the time of writing, EOS was down by 4.16% to $2.9342. A mixed start to the day saw EOS rise to an early morning high $3.0877 before falling to a low $2.8383.

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

For the day ahead

EOS would need to move through the $3.2529 pivot level to support a run at the first major resistance level at $3.7669.

Support from the broader market would be needed, however, for EOS to break out from $3.50 levels.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended rally, EOS could test resistance at $4.00 before any pullback. The second major resistance level sits at $4.4723.

Failure to move through the pivot level at $3.2529 would bring the first major support level at $2.5475 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels, however. The second major support level sits at $2.0335.

Looking at the Technical Indicators

First Major Support Level: $2.5475

First Major resistance Level: $3.7669

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 slid by 8.78% on Sunday. Reversing a 5.12% gain from Saturday, Stellar’s Lumen ended the week up by 108.35 to $0.2849.

A bullish start to the day saw Stellar’s Lumen rise to a mid-morning intraday high $0.3262 before hitting reverse.

Falling short of the first major resistance level at $0.3346, Stellar’s Lumen slid to a late intraday low $0.2610.

The reversal saw Stellar’s Lumen fall through the first major support level at $0.2856 and the 38.2% FIB of $0.2823.

Finding late support, however, Stellar’s Lumen broke back through the 23.6% FIB to end the day at $0.2840 levels.

At the time of writing, Stellar’s Lumen was down by 4.06% to $0.2733. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2856 before falling to a low $0.2640.

While Stellar’s Lumen left the major support and resistance levels untested early on, Stellar’s Lumen fell through the 38.2% FIB of $0.2823.

For the day ahead

Stellar’s Lumen would need to move back through the 38.2% FIB and the $0.2907 pivot level to bring the first major resistance level at $0.3204 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.30 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.3262 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at the 23.6% FIB of $0.3426 before any pullback. The second major resistance level sits at $0.3559.

Failure to move back through the 38.2% FIB of $0.2823 and the $0.2907 pivot level would bring the first major support level at $0.2552 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.25 levels, however. The second major support level sits at $0.2255.

Looking at the Technical Indicators

First Major Support Level: $0.2552

First Major Resistance Level: $0.3204

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 fell by 4.01% on Sunday. Partially reversing a 13.6% rally from Saturday, Tron’s TRX ended the week up by 11.6% to $0.03283.

A bullish start to the day saw Tron’s TRX rally to a mid-morning intraday high $0.03717 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.03705 before sliding to a late intraday low $0.02952.

The sell-off saw Tron’s TRX fall through the first major support level at $0.03025.

Steering clear of the 23.6% FIB of $0.0291, Tron’s TRX before briefly revisited $0.034 levels.

A bearish end to the day, however, saw Tron’s TRX slide back to end the day at $0.032 levels.

At the time of writing, Tron’s TRX was down by 3.07% to $0.03182. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03329 before falling to a low $0.03069.

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

For the Day Ahead

Tron’s TRX would need to move through the $0.03317 pivot to bring the first major resistance level at $0.03682 into play.

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

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.03717 would likely cap any upside.

In the event of an extended rally Tron’s TRX could resistance at $0.40 before any pullback. The second major resistance level sits at $0.04082.

Failure to move through the $0.03317 pivot would bring the first major support level at $0.02918 and the 23.6% FIB of $0.02910 into play.

Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.028 levels. The second major support level sits at $0.02553.

Looking at the Technical Indicators

First Major Support Level: $0.02918

First Major Resistance Level: $0.03682

23.6% FIB Retracement Level: $0.0291

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