EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 29th, 2021

EOS

EOS rallied by 4.15% on Wednesday. Following a 2.31% gain on Tuesday, EOS ended the day at $3.9186.

A mixed start to the day saw EOS fall to a mid-morning intraday low $3.6852 before making a move.

Steering clear of the first major support level at $3.6471, EOS rallied to a late morning intraday high $4.0191.

EOS broke through the first major resistance level at $3.8344 and the second major resistance level at $3.9060.

Falling short of the third major resistance level at $4.0933, however, EOS fell back through the resistance levels before a late rebound.

Late in the day, EOS broke back through the first and second major resistance levels to end the day at $3.91 levels.

At the time of writing, EOS was down by 2.64% to $3.8151. A mixed start to the day saw EOS rise to an early morning high $3.9436 before falling to a low $3.8079.

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

For the day ahead

EOS would need to move back through the $3.8743 pivot to bring the first major resistance level at $4.0634 into play.

Support from the broader market would be needed for EOS to break out from Wednesday’s high $4.0191.

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

In the event of an extended rally, EOS could test resistance at $4.15. The second major resistance level sits at $4.20282.

Failure to move back through the $3.8743 pivot would bring the first major support level at $3.7295 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.5404.

Looking at the Technical Indicators

First Major Support Level: $3.7295

First Major resistance Level: 4.0634

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 2.70% on Wednesday. Following a 1.00% gain on Tuesday, Stellar’s Lumen ended the at $0.2701.

A mixed start saw Stellar’s Lumen fall to a mid-morning intraday low $0.2582 before making a move.

Steering clear of the first major support level at $0.2528, Stellar’s Lumen rallied to a late morning intraday high $0.2816 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.2718 and the second major resistance level at $0.2806.

The reversal saw Stellar’s Lumen slide back through the major resistance levels to sub-$0.27 before ending the day at $0.27 levels.

At the time of writing, Stellar’s Lumen was down by 2.84% to $0.2624. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2708 before falling to a low $0.2621.

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

For the day ahead

Stellar’s Lumen would need to move back through the $0.2700 pivot to bring the first major resistance level at $0.2817 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.28 levels.

Barring an extended rally, the first major resistance level and Wednesday’s high $0.2816 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2934.

Failure to move back through the $0.2700 pivot would bring the first major support level at $0.2583 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level sits at $0.2466.

Looking at the Technical Indicators

First Major Support Level: $0.2583

First Major Resistance Level: $0.2817

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 1.37% on Wednesday. Following a 2.60% gain on Tuesday, Tron’s TRX ended the day at $0.06084.

After a mixed start to the day, Tron’s TRX rose to a late morning intraday high $0.06225 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.06186 before sliding to a late afternoon intraday low $0.05937.

Steering clear of the first major support level at $0.05746, however, Tron’s TRX broke back through to $0.060 levels to end the day in positive territory.

At the time of writing, Tron’s TRX was down by 2.33% to $0.05942. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06123 before falling to a low $0.05888.

Tron’s TRX tested the first major support level at $0.05939 early on.

For the Day Ahead

Tron’s TRX would need to move back through the $0.06082 pivot to bring the first major resistance level at $0.06227 into play.

Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.062 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.06225 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06370.

Failure to move back through the $0.06082 pivot would bring the first major support level at $0.05939 back into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05794.

Looking at the Technical Indicators

First Major Support Level: $0.05939

First Major Resistance Level: $0.06227

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