EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 13th, 2021

EOS

EOS fell by 2.84% on Tuesday. Following on from a 12.66% slide on Monday, EOS ended the day at $2.5935.

A mixed start to the day saw EOS rise to a mid-morning intraday high $2.7919 before hitting reverse.

Falling short of the first major resistance level at $3.0427, EOS fell to an early afternoon intraday low $2.5042.

Steering clear of the first major support level at $2.3337, EOS revisited $2.70 levels before falling back into the red.

At the time of writing, EOS was down by 2.37% to $2.5321. A mixed start to the day saw EOS rise to an early morning high $2.6224 before falling to a low $2.5112.

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

For the day ahead

EOS would need to move through the $2.6299 pivot level to support a run at the first major resistance level at $2.7555.

Support from the broader market would be needed, however, for EOS to break back through to $2.70 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $2.7919 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $2.90 before any pullback. The second major resistance level sits at $2.9176.

Failure to move through the pivot level at $2.6299 would bring the first major support level at $2.4678 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.30 levels, however. The second major support level at $2.3422 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2.4678

First Major resistance Level: $2.7555

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 2.87% on Tuesday. Partially reversing a 4.71% slide from Monday, Stellar’s Lumen ended the day at $0.2795.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2535 before making a move.

Steering clear of the first major support level at $0.2243, Stellar’s Lumen rallied to a mid-morning intraday high $0.3116.

Stellar’s Lumen broke through the 38.2% FIB of $0.2823 and the first major resistance level at $0.3020.

Through the late morning, Stellar’s Lumen slid back to $0.2650 levels and into the red.

Finding late support, however, Stellar’s Lumen revisited $0.288 levels before easing back. The late pullback saw Stellar’s Lumen fall back through the 23.6% FIB to end the day at sub-$0.28 levels.

At the time of writing, Stellar’s Lumen was down by 1.35% to $0.2758. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2913 before falling to a low $0.2755.

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

For the day ahead

Stellar’s Lumen would need to move back through the $0.2815 pivot and the 23.6% FIB to bring the first major resistance level at $0.3096 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 Tuesday’s high $0.3116 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 $0.3396.

Failure to move back through the $0.22815 pivot and the 38.2% FIB of $0.2823 would bring the first major support level at $0.2515 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level sits at $0.2234.

Looking at the Technical Indicators

First Major Support Level: $0.2515

First Major Resistance Level: $0.3096

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 0.48% on Tuesday. Following on from an 11.43% slide on Monday, Tron’s TRX ended the day at $0.02893.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.03087 before hitting reverse.

While falling short of the first major resistance level at $0.03262, Tron’s TRX broke through the 23.6% FIB of $0.0291.

The reversal saw Tron’s TRX slide to an early afternoon intraday low $0.02720.

Tron’s TRX fell back through the 23.6% FIB of $0.0291 before finding support.

Steering clear of the first major support level at $0.02580, Tron’s TRX broke back through the 23.6% FIB to revisit $0.0297 levels.

A bearish end to the day, however, saw Tron’s TRX fall back through the 23.6% FIB to end the day at sub-$0.029 levels.

At the time of writing, Tron’s TRX was down by 4.54% to $0.02762. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.02894 before falling to a low $0.02729.

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 $0.02900 pivot and the 23.6% FIB of $0.0291 to bring the first major resistance level at $0.03080 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.030 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.03087 would likely cap any upside.

In the event of an extended rally Tron’s TRX could resistance at $0.32 before any pullback. The second major resistance level sits at $0.03267.

Failure to move through the $0.0290 pivot and the 23.6% FIB would bring the first major support level at $0.02713 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 at $0.02533 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.025713

First Major Resistance Level: $0.03080

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