EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 12th, 2021

EOS

EOS slid by 12.66% on Monday. Following on from a 15.65% tumble on Sunday, EOS ended the day at $2.6734.

A mixed start to the day saw EOS rise to an early morning intraday high $3.0724 before hitting reverse.

Falling short of the first major resistance level at $3.7668, EOS slid to a late afternoon intraday low $2.3634.

EOS fell through the first major support level at $2.5475 before a partial recovery to $2.6 levels.

At the time of writing, EOS was down by 1.62% to $2.6301. A mixed start to the day saw EOS rise to an early morning high $2.7336 before falling to a low $2.5367.

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

For the day ahead

EOS would need to move back through the $2.7031 pivot level to support a run at the first major resistance level at $3.0427.

Support from the broader market would be needed, however, for EOS to break back through to $3.00 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.30724 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $3.20 before any pullback. The second major resistance level sits at $3.4121.

Failure to move back through the pivot level at $2.7031 would bring the first major support level at $2.3337 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.20 levels, however. The second major support level sits at $1.9941.

Looking at the Technical Indicators

First Major Support Level: $2.3337

First Major resistance Level: $3.0427

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 4.71% on Monday. Following on from an 8.78% slide on Sunday, Stellar’s Lumen ended the day at $0.2714.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.2856 before hitting reverse.

Falling short of the first major resistance level at $0.3204, Stellar’s Lumen slid to a late afternoon intraday low $0.2079.

The reversal saw Stellar’s Lumen fall through the first major support level at $0.2552 and the second major support level at $0.2255.

More significantly, Stellar’s Lumen also fell through the 38.2% FIB of $0.2823.

Finding late support, Stellar’s Lumen moved back through the major support levels to end the day at $0.27 levels.

At the time of writing, Stellar’s Lumen was down by 2.78% to $0.2639. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2535 before rising to a high $0.2789.

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 back through the $0.2550 pivot level to bring the first major resistance level at $0.3020 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through the 38.2% FIB of $0.2823.

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

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.32 before any pullback. The second major resistance level sits at $0.3327.

Failure to avoid a fall back through the $0.2550 pivot level would bring the first major support level at $0.2243 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.20 levels and the 62% FIB of $0.1850. The second major support level sits at $0.1773.

Looking at the Technical Indicators

First Major Support Level: $0.2243

First Major Resistance Level: $0.3020

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 11.43% on Monday. Following on from a 4.01% decline on Sunday, Tron’s TRX ended the day at $0.02907.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.03291 before hitting reverse.

Falling short of the first major resistance level at $0.03682, Tron’s TRX slid to a late afternoon intraday low $0.02609.

The sell-off saw Tron’s TRX fall through the first major support level at $0.02918 and the 23.6% FIB of $0.02910.

Finding late support, Tron’s TRX moved back through to $0.029 levels to reduce the deficit from the day.

The 23.6% FIB and the first major support level pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was down by 2.02% to $0.02849. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03022 before falling to a low $0.02744.

While leaving the major support and resistance levels untested, Tron’s TRX broke through the 23.6% FIB before sliding into the red.

For the Day Ahead

Tron’s TRX would need to move back through the 23.6% FIB of $0.0291 and the $0.02936 pivot to bring the first major resistance level at $0.03262 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.032 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.03291 would likely cap any upside.

In the event of an extended rally Tron’s TRX could resistance at $0.35 before any pullback. The second major resistance level sits at $0.03618.

Failure to move back through the 23.6% FIB and the $0.02936 pivot would bring the first major support level at $0.02580 into play.

Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level sits at $0.02254.

Looking at the Technical Indicators

First Major Support Level: $0.02580

First Major Resistance Level: $0.03262

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