EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 25th, 2021

EOS

EOS rose by 0.35% on Sunday. Following on from a 3.24% gain on Saturday, EOS ended the week down by 1.69% to $2.7155.

Recovering from an early morning low $2.6636, EOS struck a late morning intraday high $2.7862 before hitting reverse.

Falling short of the first major resistance level at $2.8136, EOS slid to a late intraday low $2.6348.

Steering clear of the first major support level at $2.5804, EOS found support to end the day at $2.71 levels.

At the time of writing, EOS was up by 0.85% to $2.7385. A mixed start to the day saw EOS fall to an early morning low $2.6992 before rising to a high $2.7575.

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 $2.7122 pivot level to support a run at the first major resistance level at $2.7895.

Support from the broader market would be needed, however, for EOS to break back through to $2.78 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $2.7862 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 $2.8636.

Failure to avoid a fall back through the pivot level at $2.7122 would bring the first major support level at $2.6381 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.60 levels. The second major support level sits at $2.5608.

Looking at the Technical Indicators

First Major Support Level: $2.6381

First Major resistance Level: $2.7895

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 0.44% on Sunday. Following on from a 0.19% gain on Saturday, Stellar’s Lumen ended the week down by 10.58% to $0.2713.

A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2673 before making a move.

Steering clear of the major support levels, Stellar’s Lumen rose to a late morning intraday high $0.2833.

Stellar’s Lumen broke through the first major resistance level at $0.2787 before hitting reverse.

Coming up against the 38.2% FIB of $0.2823, Stellar’s Lumen slid to a late intraday low $0.2616.

The sell-off saw Stellar’s Lumen fall through the 38.2% FIB and the first major support level at $0.2624 before finding late support.

A move back through to $0.271 levels delivered the upside on the day.

At the time of writing, Stellar’s Lumen was up by 1.39% to $0.2751. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2713 before rising to a high $0.2777.

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 $0.2721 pivot to bring the 38.2% FIB of $0.2823 and the first major resistance level at $0.2825 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.28 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.2833 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.30. The second major resistance level sits at $0.2938.

Failure to avoid a fall back through the $0.2721 pivot would bring the first major support level at $0.2608 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear the second major support level at $0.2504.

Looking at the Technical Indicators

First Major Support Level: $0.2608

First Major Resistance Level: $0.2825

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 rose by 1.69% on Sunday. Following on from a 2.96% gain on Saturday, Tron’s TRX ended the week down by 1.38% to $0.03003.

A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02882 before making a move.

Tron’s TRX fell through the 23.6% FIB of $0.0291 before striking a mid-day intraday high $0.03099.

The rebound saw Tron’s TRX break through 23.6% FIB and the first major resistance level at $0.03034 before hitting reverse

Tron’s TRX fell back through the 23.6% FIB to a late intraday low $0.02879 before finding support to wrap up the day at $0.030 levels.

In spite of the late pullback, Tron’s TRX avoided a fall through the first major support level at $0.02826.

At the time of writing, Tron’s TRX was down by 0.99% to $0.02973. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02963 before rising to a high $0.03057.

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 $0.02994 pivot to bring the first major resistance level at $0.03108 into play.

Support from the broader market would be needed, however, for Tron’s TRX to breakout from Sunday’s high $0.03099.

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

In the event of an extended rally Tron’s TRX could resistance at $0.033 before any pullback. The second major resistance level sits at $0.03214.

Failure to move back through the $0.02994 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02888 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.028 levels. The second major support level at sits at $0.02774.

Looking at the Technical Indicators

First Major Support Level: $0.02888

First Major Resistance Level: $0.03108

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