EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 10th, 2021

EOS

EOS rallied by 6.88% on Tuesday. Following a 2.08% gain on Monday, EOS ended the day at $4.1691.

A mixed start to the day saw EOS fall to an early morning intraday low $3.8379 before making a move.

Steering clear of the first major support level at $3.7719, EOS rallied to final hour intraday high $4.2029.

EOS broke through the first major resistance level at $3.9889 and the second major resistance level at $4.0718 before easing back to sub-$4.17 levels.

At the time of writing, EOS was up by 0.04% to $4.1710. A mixed start to the day saw EOS fall to an early morning low $4.1297 before rising to a high $4.2118.

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

For the day ahead

EOS would need to avoid a fall through the $4.0700 pivot level to support a run at the first major resistance level at $4.3020.

Support from the broader market would be needed, however, for EOS to break out from this morning’s high $4.2118.

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 $4.40 before any pullback. The second major resistance level sits at $4.4350.

Failure to avoid a fall through the $4.0700 pivot would bring the first major support level at $3.9370 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.90 levels. The second major support level sits at $3.7050.

Looking at the Technical Indicators

First Major Support Level: $3.9370

First Major resistance Level: $4.3020

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 3.30% on Tuesday. Following on from a 1.31% gain on Monday, Stellar’s Lumen ended the day at $0.4320.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4130 before making a move.

Steering clear of the first major support level at $0.4070, rallied to a late morning intraday high $0.4350 before easing back.

Stellar’s Lumen broke through the first major resistance level at $0.4256 and the second major resistance level at $0.4330.

The pullback saw Stellar’s Lumen fall back through the resistance levels before a late move back through to $0.43 levels.

While breaking back through the first major resistance level, the second major resistance level pinned Stellar’s Lumen back.

At the time of writing, Stellar’s Lumen was down by 0.48% to $0.4300. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4335 before falling to a low $0.4259.

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 back through the pivot level at $0.4267 to bring the first major resistance level at $0.4403 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Tuesday’s high $0.4350.

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

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4487.

Failure to avoid a fall back through the $0.4267 pivot would bring the first major support level at $0.4183 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.41 levels. The second major support level sits at $0.4047.

Looking at the Technical Indicators

First Major Support Level: $0.4183

First Major Resistance Level: $0.4403

23.6% FIB Retracement Level: $0.3426

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX rose by 0.62% on Tuesday. Following a 1.89% gain from Monday, Tron’s TRX ended the day at $0.05235.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05417 before hitting reverse.

Falling short of the first major resistance level at $0.05472, Tron’s TRX slid to a late morning intraday low $0.05171.

Steering clear of the first major support level at $0.05050, Tron’s TRX moved back through to $0.053 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was down by 0.85% to $0.05283. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05239 before rising to a high $0.05406.

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

For the Day Ahead

Tron’s TRX need to move back through the pivot level at $0.5305 to bring the first major resistance level at $0.5440 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.05417.

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 $0.056 before any pullback. The second major resistance level sits at $0.05551.

Failure to move back through the $0.05305 pivot would bring the first major support level at $0.05194 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.050 levels. The second major support level at $0.05059 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.05194

First Major Resistance Level: $0.05440

23.6% FIB Retracement Level: $0.03211

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