EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 11th, 2021

EOS

EOS slid by 4.47% on Wednesday. Partially reversing a 6.88% rally from Tuesday, EOS ended the day at $3.9879.

A mixed start to the day saw EOS rise to an early morning intraday high $4.2118 before hitting reverse.

Falling short of the first major resistance level at $4.3020, EOS slid to an early morning intraday low $3.8902.

EOS fell through the first major support level at $3.9370 before revisiting $4.14 levels.

Bearish late in the day, EOS fell back through the first major support level before a partial recovery to $3.98 levels.

At the time of writing, EOS was down by 0.33% to $3.9403. A mixed start to the day saw EOS rise to an early morning high $4.0560 before falling to a low $3.8931.

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

For the day ahead

EOS would need to move back through the $4.0300 pivot level to support a run at the first major resistance level at $4.1697.

Support from the broader market would be needed, however, for EOS to break back through to $4.10 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $4.2118 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.30 before any pullback. The second major resistance level sits at $4.3516.

Failure to move back through the $4.0300 pivot would bring the first major support level at $3.8481 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.75 levels. The second major support level sits at $3.7084.

Looking at the Technical Indicators

First Major Support Level: $3.8481

First Major resistance Level: $4.1697

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 5.39% on Wednesday. Reversing a 3.30% gain from Tuesday, Stellar’s Lumen ended the day at $0.4089.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4335 before hitting reverse.

Falling short of the first major resistance level at $0.4403, Stellar’s Lumen slid to an early morning intraday low $0.4060.

The sell-off saw Stellar’s Lumen fall through the first major support level at $0.4183 before briefly revisiting $0.42 levels.

Stellar’s Lumen broke back through the first major support level at $0.4183 before falling back to end the day at sub-$0.41 levels.

At the time of writing, Stellar’s Lumen was down by 0.14% to $0.4065. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4131 before falling to a low $0.4055.

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 pivot level at $0.4161 to bring the first major resistance level at $0.4263 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.42 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.43 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4436.

Failure to move through the $0.4161 pivot would bring the first major support level at $0.3988 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.39 levels. The second major support level sits at $0.3886.

Looking at the Technical Indicators

First Major Support Level: $0.3988

First Major Resistance Level: $0.4263

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 fell by 3.64% on Wednesday. Reversing a 0.62% gain from Tuesday, Tron’s TRX ended the day at $0.05134.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05406 before hitting reverse.

Falling short of the first major resistance level at $0.05440, Tron’s TRX slid to an early morning intraday low $0.05010.

The reversal saw Tron’s TRX fall through the first major support level at $0.05194 and the second major support level at $0.5059.

Finding late morning support, Tron’s TRX revisited $0.053 levels before sliding back into the deep red.

The late pullback saw Tron’s TRX fall back through the first major support level to end the day at $0.0513 levels.

At the time of writing, Tron’s TRX was up by 0.40% to $0.05136. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05254 before falling to a low $0.05021.

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 $0.05183 to bring the first major resistance level at $0.05357 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.053 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.05406 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 $0.05579.

Failure to move back through the $0.05183 pivot would bring the first major support level at $0.04961 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.048 levels. The second major support level sits at $0.04787.

Looking at the Technical Indicators

First Major Support Level: $0.04961

First Major Resistance Level: $0.05357

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