EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 19th, 2021

EOS

EOS rose by 1.81% on Monday. Reversing a 0.54% decline from Sunday, EOS ended the day at $2.8122.

A mixed start to the day saw EOS fall to a mid-morning intraday low $2.6862 before making a move.

Steering clear of the first major support level at $2.6766, EOS rallied to a mid-day intraday high $2.8684.

EOS broke through the first major resistance level at $2.8367 before a fall back to $2.72 levels.

Finding late support, however, EOS moved back through to $2.81 levels to deliver the upside on the day.

At the time of writing, EOS was down by 0.44% to $2.7997. A mixed start to the day saw EOS rise to an early morning high $2.8383 before falling to a low $2.7804.

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

For the day ahead

EOS would need to avoid a fall back through the $2.7889 pivot level to support a run at the first major resistance level at $2.8917.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.8684.

Barring an extended crypto rally, the first major resistance level and resistance at $2.90 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $3.00 before any pullback. The second major resistance level sits at $2.9711.

Failure to avoid a fall back through the pivot level at $2.7889 would bring the first major support level at $2.7095 into play.

Barring an extended sell-off, however, EOS should steer of the second major support level at $2.6067.

Looking at the Technical Indicators

First Major Support Level: $2.7095

First Major resistance Level: $2.8917

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 0.53% on Monday. Following on from a 4.47% rally on Sunday, Stellar’s Lumen ended the day at $0.3050.

A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.30883 before hitting reverse.

Falling short of the first major resistance level at $0.3196, Stellar’s Lumen fell to an early morning intraday low $0.29310.

Steering clear of the first major support level at $0.2748, Stellar’s Lumen revisited $0.3050 levels before falling back into the red.

A range-bound second half of the day resistance at $0.30 pinned Stellar’s Lumen until a late move back through to $0.3050 levels.

At the time of writing, Stellar’s Lumen was down by 0.87% to $0.3023. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3060 before falling to a low $0.3019.

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 $0.3023 pivot to bring the first major resistance level at $0.3115 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.31 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.3088 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.33 before any pullback. The second major resistance level sits at $0.3180.

Failure to avoid a fall back through the $0.3023 pivot would bring the first major support level at $0.2958 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.028 levels. The second major support level at $0.2866 and the 38.2% FIB of $0.2823 would likely limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2958

First Major Resistance Level: $0.3115

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 3.42% on Monday. Following on from a 0.66% gain on Sunday, Tron’s TRX ended the day at $0.03149.

A mixed start to the day saw Tron’s TRX slide to an early morning intraday low $0.02928 before making a move.

Steering clear of the 23.6% FIB of $0.0291 and the first major support level at $0.02907, Tron’s TRX rallied to a mid-day intraday high $0.03292.

Tron’s TRX broke through the first major resistance level at $0.03151 and the second major resistance level at $0.03258.

An early afternoon pullback, however, saw Tron’s TRX slide back through the resistance levels to $0.03011 levels.

Steering clear of sub-$0.030 levels, Tron’s TRX revisited $0.032 levels before easing back.

Tron’s TRX broke back through the first major resistance level at $0.03151 before ending the day at sub-$0.0315 levels.

At the time of writing, Tron’s TRX was down by 0.18% to $0.03143. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03211 before falling to a low $0.03102.

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

For the Day Ahead

Tron’s TRX would need to avoid a back fall through the $0.03120 pivot to bring the first major resistance level at $0.03311 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.03282.

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 resistance at $0.35 before any pullback. The second major resistance level sits at $0.03474.

Failure to avoid a fall back through the $0.03120 pivot would bring the first major support level at $0.02957 and the 23.6% FIB of $0.0291 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.029 levels. The second major support level at sits at $0.02766.

Looking at the Technical Indicators

First Major Support Level: $0.02957

First Major Resistance Level: $0.03311

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