EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 15th 2021

EOS

EOS fell by 2.41% on Wednesday. Following a 7.07% slide on Tuesday, EOS ended the day at $3.7971.

A mixed start to the day saw EOS rise to an early morning intraday high $3.9285 before hitting reverse.

Falling well short of the first major resistance level at $4.1393, EOS slid to an early morning intraday low $3.5952.

EOS fell through the first major support level at $3.7164 before briefly revisiting $3.90 levels.

A bearish end to the day, however, saw EOS fall back to sub-$3.80 levels and into the red.

At the time of writing, EOS was up by 0.14% to $3.8025. A mixed start to the day saw EOS fall to an early morning low $3.7335 before rising to a high $3.8089.

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 $3.7736 pivot to bring the first major resistance level at $3.9520 into play.

Support from the broader market would be needed for EOS to break out from Wednesday’s high $3.9285.

Barring a broad-based crypto rally, the first major resistance level and resistance at $4.00 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 $4.1069.

A fall back through the $3.7736 pivot would bring the first major support level at $3.6187 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4403.

Looking at the Technical Indicators

First Major Support Level: $3.6187

First Major resistance Level: $3.9520

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 3.36% on Wednesday. Reversing a 2.56% loss from Tuesday, Stellar’s Lumen ended the day at $0.2400.

A bearish start saw Stellar’s Lumen slide to an early morning intraday low $0.2194 before making a move.

Stellar’s Lumen fell through the first major support level at $0.2254 before rallying to a late intraday high $0.2449.

Stellar’s Lumen broke through the first major resistance level at $0.2406 before briefly falling back to sub-$0.24 levels.

A bullish end to the day, however, saw Stellar’s Lumen end the day at $0.24 levels. The first major resistance level at $0.2406 limited the upside late in the day.

At the time of writing, Stellar’s Lumen was down by 0.18% to $0.2396. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2408 before falling to a low $0.2371.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid the $0.2348 pivot to bring the first major resistance level at $0.2501 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to move back through to $0.25 levels.

Barring an extended rally, the first major resistance level would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.26 before any pullback. The second major resistance level sits at $0.2603.

A fall through the $0.2348 pivot would bring the first major support level at $0.2246 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.20 levels. The second major support level at $0.2093 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2246

First Major Resistance Level: $0.2501

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 rose by 1.40% on Wednesday. Partially reversing a 1.68% fall from Tuesday, Tron’s TRX ended the day at $0.06006.

A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.05670 before making a move.

Tron’s TRX fell through the first major support level at $0.05827 and the second major support level at $0.05732.

Finding early morning support, however, Tron’s TRX rallied to a late intraday high $0.06046.

While falling short of the first major resistance level at $0.06052, Tron’s TRX ended the day at $0.060 levels.

At the time of writing, Tron’s TRX was down by 0.07% to $0.06001. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05923 before rising to a high $0.06021.

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

For the Day Ahead

Tron’s TRX would need to avoid the $0.05907 pivot to bring the first major resistance level at $0.06145 into play.

Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.061 levels.

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 test resistance at $0.063 levels. The second major resistance level sits at $0.06283.

A fall through the $0.05907 pivot would bring the first major support level at $0.05769 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05531.

Looking at the Technical Indicators

First Major Support Level: $0.05769

First Major Resistance Level: $0.06145

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