EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 20th, 2021

EOS

EOS slid by 5.54% on Monday. Following a 0.57% loss on Sunday, EOS ended the day at $3.4345.

A mixed start to the day saw EOS rise to a mid-morning intraday high $3.6814 before hitting reverse.

Falling short of the first major resistance level at $3.7551, EOS slid to an early afternoon intraday low $3.4041.

EOS fell through the first major support level at $3.5380 and the second major support level at $3.4400.

Finding late support, EOS briefly broke back through the second major support level before ending the day at $3.43 levels.

At the time of writing, EOS was up by 1.13% to $3.4732. A mixed start to the day saw EOS fall to an early morning low $3.4732 before rising to a high $3.5457.

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

For the day ahead

EOS would need to move back through the $3.5067 pivot to bring the first major resistance level at $3.6092 back into play.

Support from the broader market would be needed for EOS to break back through to $3.60 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $3.6814 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $3.80 levels. The second major resistance level sits at $3.7840.

Failure to move back through the $3.5067 pivot would bring the first major support level at $3.3319 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.30 levels. The second major support level sits at $3.2294.

Looking at the Technical Indicators

First Major Support Level: $3.3319

First Major resistance Level: $3.6092

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 slid by 8.13% on Monday. Following a 1.20% loss on Sunday, Stellar’s Lumen ended the day at $0.2112.

A mixed start saw Stellar’s Lumen rise to an early morning intraday high $0.2312 before hitting reverse.

Falling short of the first major resistance level at $0.2381, before Stellar’s Lumen slid to a late intraday low $0.2107.

Stellar’s Lumen fell through the first major support level at $0.2240 and the second major support level at $0.2182 to end the day at $0.21 levels.

At the time of writing, Stellar’s Lumen was down by 0.11% to $0.2110. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2099 before rising to a high $0.2145.

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

For the day ahead

Stellar’s Lumen would need to move through the $0.2177 pivot to bring the first major resistance level at $0.2247 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to move back through to $0.22 levels.

Barring an extended rally, the first major resistance level and resistance at $0.23 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.24 before any pullback. The second major resistance level sits at $0.2382.

Failure to move through the $0.2177 pivot would bring the first major support level at $0.2042 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.20 levels. The second major support level sits at $0.1972.

Looking at the Technical Indicators

First Major Support Level: $0.2042

First Major Resistance Level: $0.2247

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 4.65% on Monday. Following a 0.32% decline on Sunday, Tron’s TRX ended the day at $0.05334.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05639 before hitting reverse.

Falling short of the first major resistance level at $0.05738, Tron’s TRX slid to a late intraday low $0.05315.

Tron’s TRX fell through the first major support level at $0.05485 and the second major support level at $0.05375.

Finding late support, however, Tron’s TRX briefly moved back through the second major support level before ending the day at $0.0533 levels.

At the time of writing, Tron’s TRX was up by 1.39% to $0.05408. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05303 before rising to a high $0.05450.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.05429 pivot to bring the first major resistance level at $0.05544 into play.

Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.055 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.056 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.058 levels. The second major resistance level sits at $0.05753.

Failure to move back through the $0.05429 pivot would bring the first major support level at $0.0220 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.050 levels. The second major support level at $0.05105 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.05220

First Major Resistance Level: $0.05544

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