EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 4th, 2021

EOS

EOS rallied by 6.37% on Sunday. Reversing a 0.44% decline from Saturday, EOS ended the week up by 3.43% to $2.8067.

A mixed start to the day saw EOS fall to an early morning intraday low $2.5245 before making a move.

Steering clear of the first major support level at $2.4803, EOS rallied to a final hour intraday high $2.8652.

EOS broke through the first major resistance level at $2.7671 to wrap up the day at $2.80 levels.

At the time of writing, EOS was up by 3.06% to $2.8926. A mixed start to the day saw EOS fall to an early morning low $2.7709 before striking a high $2.9038.

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

For the day ahead

EOS would need to avoid a fall through the $2.7321 pivot level to support a run at the first major resistance level at $2.9398.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.9038.

Barring an extended crypto rally, the first major resistance level and resistance at $2.95 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $3.10 before any pullback. The second major resistance level sits at $3.0728.

Failure to avoid a fall through the pivot level at $2.7321 would bring the first major support level at $2.5991 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels, however. The second major support level sits at $2.3914.

Looking at the Technical Indicators

First Major Support Level: $2.5991

First Major resistance Level: $2.9398

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 rallied by 7.13% on Sunday. Reversing a 3.63% decline from Saturday, Stellar’s Lumen ended the week down by 5.77% to $0.13675.

A mixed morning saw Stellar’s Lumen fall to a late morning intraday low $0.12408 before making a move.

Stellar’s Lumen fell through the first major support level at $0.1248 before rallying to a late afternoon intraday high $0.13923.

The rally saw Stellar’s Lumen break through the first major resistance level at $0.1327 and the second major resistance level at $0.1378.

More significantly, Stellar’s Lumen also broke through the 38.2% FIB of $0.1333.

A late pullback saw Stellar’s Lumen fall back to $0.133 levels before wrapping up the day at $0.136 levels.

While the 38.2% FIB delivered support, the second major resistance level pinned Stellar’s Lumen back late in the day.

At the time of writing, Stellar’s Lumen was up by 5.55% to $0.14435. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.13675 to a high $0.14512.

Stellar’s Lumen broke through the first major resistance level at $0.14263 early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the first major resistance level at $0.14263 to bring the second major resistance level at $0.1485 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.14512.

Barring an extended crypto rally, the second major resistance level and resistance at $0.15 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.16 before any pullback. The third major resistance level sits at $0.16365.

Failure to avoid a fall through the first major resistance level would bring sub-$0.14 levels back into play

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.13 levels and the first major support level at $0.12748. The 38.2% FIB of $0.1333 should limit any downside..

Looking at the Technical Indicators

First Major Support Level: $0.12748

First Major Resistance Level: $0.14263

23.6% FIB Retracement Level: $0.09280

38% FIB Retracement Level: $0.1333

62% FIB Retracement Level: $0.1989

Tron’s TRX

Tron’s TRX rallied by 8.87% on Sunday. Following on from a 2.32% gain on Saturday, Tron’s TRX ended the week up by 2.05% to $0.02946.

Tracking the broader market, Tron’s TRX fell to a late morning intraday low $0.02591 before making a move.

Steering clear of the first major support level at $0.02581, Tron’s TRX rallied to a final hour intraday high $0.03027.

Tron’s TRX broke through the first major resistance level at $0.02863 and the second major resistance level at $0.02989.

More significantly, Tron’s TRX also broke through the 23.6% FIB of $0.0291.

A late pullback, however, saw Tron’s TRX fall back to sub-$0.030 levels to end the day at $0.0294 levels.

At the time of writing, Tron’s TRX was by 7.92% to $0.03179. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02912 before striking a high $0.03181.

Finding support at the 23.6% FIB, Tron’s TRX broke through the first major resistance level at $0.03118 early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall through the first major resistance level at $0.03118 to support a run at $0.032 levels.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.03181.

Barring an extended crypto rally, resistance at $0.032 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could resistance the second major resistance level at $0.03291.

Failure to avoid a fall through the first major resistance level at $0.03118 would bring sub-$0.030 levels into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.029 levels and the first major support level at $0.02682. The 23.6% FIB of $0.0291 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.02682

First Major Resistance Level: $0.03118

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