EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 5th, 2021

EOS

EOS rose by 0.56% on Monday. Following a 6.37% rally from Sunday, EOS ended the day at $2.8165.

A bullish start to the day saw EOS surge to a mid-morning intraday high $3.1494 before hitting reverse.

EOS broke through the first major resistance level at $2.9398 and the second major resistance level at $3.0728.

The reversal saw EOS slide to a late morning intraday low $2.4711 before finding support.

EOS fell through the first major support level at $2.5991 before a recovery to $2.81 levels.

At the time of writing, EOS was up by 1.50% to $2.8588. A mixed start to the day saw EOS fall to an early morning low $2.8010 before rising to a high $2.8983.

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 $2.8123 pivot level to support a run at the first major resistance level at $3.1536.

Support from the broader market would be needed, however, for EOS to break back through to $3.10 levels.

Barring another extended crypto rally, resistance at $3.10 would likely leave EOS short of the first major resistance level.

In the event of an extended rally, EOS could test resistance at $3.20 before any pullback. The second major resistance level sits at $3.4906.

Failure to avoid a fall back through the pivot level at $2.8123 would bring the first major support level at $2.4753 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.40 levels, however. The second major support level sits at $2.1340.

Looking at the Technical Indicators

First Major Support Level: $2.4753

First Major resistance Level: $3.1536

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 surged by 20.07% on Monday. Following on from a 7.13% rally on Sunday, Stellar’s Lumen ended the day at $0.16420.

A mixed morning saw Stellar’s Lumen rise to a mid-morning high $0.15543 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.14263 and the second major resistance level at $0.14850.

The reversal saw Stellar’s Lumen slide through the 38.2% FIB of $0.1333 to a late morning intraday low $0.12852.

Steering clear of the first major support level at $0.12748, Stellar’s Lumen surged to a late intraday high $0.16784.

Stellar’s Lumen broke back through the 38.2% FIB and through the day’s major resistance levels to wrap up the day at $0.164 levels.

The third major resistance level at $0.16365 provided support late in the day.

At the time of writing, Stellar’s Lumen was down by 1.41% to $0.16188. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.16775 before falling to a low $0.15880.

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 through the $0.15352 pivot level to bring the first major resistance level at $0.17852 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break through to $0.17 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.18 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.20 before any pullback. The second major resistance level sits at $0.19284.

Failure to avoid a fall through the $0.15352 pivot level would bring sub-$0.15 levels into play before any recovery.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the first major support level at $0.13920. The second major support level sits at $0.11420.

Looking at the Technical Indicators

First Major Support Level: $0.13920

First Major Resistance Level: $0.17852

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 rose by 5.49% on Monday. Following on from an 8.87% rally on Sunday, Tron’s TRX ended the day at $0.031046.

Tracking the broader market, Tron’s TRX rallied to a mid-morning intraday high $0.03271 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.03118 before sliding to a late morning intraday low $0.02524.

The reversal saw Tron’s TRX fall through the 23.6% FIB of $0.0291 and the first major support level at $0.02682.

Steering clear of sub-$0.025 levels, however, Tron’s TRX bounced back to $0.031 levels late in the day.

The rebound saw Tron’s TRX break back through the 23.6% FIB to test the first major resistance level at $0.03118 before easing back.

At the time of writing, Tron’s TRX was down by 0.86% to $0.30778. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.031869 before falling to a low $0.029804.

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 fall through the $0.02967 pivot and 23.6% FIB to bring the first major resistance level at $0.03409 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.03271.

Barring an extended crypto rally, resistance at $0.033 would likely leave Tron’s TRX short of the first major resistance level.

In the event of another extended rally, Tron’s TRX could resistance at $0.035 before any pullback. The second major resistance level sits at $0.03714.

Failure to avoid a fall through the $0.02967 pivot and the 23.6% FIB would bring the first major resistance level at $0.02662 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 $0.02220.

Looking at the Technical Indicators

First Major Support Level: $0.02662

First Major Resistance Level: $0.03409

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