EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 14th, 2021

EOS

EOS slid by 7.07% on Tuesday. Reversing a 2.66% gain from Monday, EOS ended the day at $3.8911.

A mixed start to the day saw EOS rise an early morning intraday high $4.2129 before hitting reverse.

Falling short of the first major resistance level at $4.3622, EOS slid to a late intraday low $3.7900.

EOS fell through the first major support level at $4.0282 and the second major support level at $3.8688.

Finding late support, EOS broke back through the second major support level to end the day at $3.89 levels.

At the time of writing, EOS was down by 4.18% to $3.7272. A mixed start to the day saw EOS rise to an early morning high $3.9368 before sliding to a low $3.7150.

EOS tested the first major support level at $3.7164 early on.

For the day ahead

EOS would need to move through the $3.9647 pivot to bring the first major resistance level at $4.1393 into play.

Support from the broader market would be needed for EOS to break back through to $4.00 levels.

Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.20 levels. The second major resistance level sits at $4.3876.

Failure to move through the $3.9647 pivot would bring the first major support level at $3.7164 back into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $3.5418.

Looking at the Technical Indicators

First Major Support Level: $3.7164

First Major resistance Level: $4.1393

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 fell by 2.56% on Tuesday. Following a 3.13% loss on Monday, Stellar’s Lumen ended the day at $0.2322.

A mixed start saw Stellar’s Lumen rise to a late morning intraday high $0.2422 before hitting reverse.

Falling short of the first major resistance level at $0.2483, Stellar’s Lumen slid to a late intraday low $0.2270.

Stellar’s Lumen fell through the first major support level at $0.2322 before revisiting $0.233 levels.

Late in the day, the first major support level prevented a return to sub-$0.23 levels.

At the time of writing, Stellar’s Lumen was down by 2.88% to $0.2255. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2338 before falling to a low $0.2251.

Stellar’s Lumen tested the first major support level at $0.2254 early on.

For the day ahead

Stellar’s Lumen would need to move through the $0.2338 pivot to bring the first major resistance level at $0.2406 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to move back through to $0.24 levels.

Barring an extended rally, the first major resistance level and Tuesday’s high $0.2422 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.25 before any pullback. The second major resistance level sits at $0.2490.

Failure to move through the $0.2338 pivot would bring the first major support level at $0.2254 back into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.21 levels. The second major support level at $0.2186 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2254

First Major Resistance Level: $0.2406

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX fell by 1.68% on Tuesday. Following a 2.25% loss on Monday, Tron’s TRX ended the day at $0.05923.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.06086 before hitting reverse.

Falling short of the first major resistance level at $0.06247, Tron’s TRX slid to a late intraday low $0.05861.

The reversal saw Tron’s TRX fall through the first major support level at $0.05870 before a partial recovery to $0.059 levels.

At the time of writing, Tron’s TRX was down by 2.45% to $0.05778. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05971 before falling to a low $0.05744.

Tron’s TRX fell through the first major support level at $0.05827 early on.

For the Day Ahead

Tron’s TRX would need to move back through the first major support level and the $0.05957 pivot to bring the first major resistance level at $0.06052 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.06086 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.06150. The second major resistance level sits at $0.06182.

Failure to move through back through the first major support level at $0.05827 would bring the second major support level at $0.05732 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.057 levels. The third major support level sits at $0.05507.

Looking at the Technical Indicators

First Major Support Level: $0.05827

First Major Resistance Level: $0.06052

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob