EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 22nd, 2021

EOS

EOS fell by 3.84% on Sunday. Partially reversing a 4.54% gain from Saturday, EOS ended the week up by 5.95% to $4.1602.

A bullish start to the day saw EOS rise to an early morning intraday high $4.4263 before hitting reverse.

Falling short of the first major resistance level at $4.5310, EOS slid to a mid-day intraday low $4.1079.

Finding support at the first major support level at $4.1211, EOS revisited $4.25 levels before easing back.

At the time of writing, EOS was down by 2.67% to $4.0489. A bearish start to the day saw EOS fall from an early morning high $4.1721 to a low $3.9864.

EOS fell through the first major support level at $4.0366 early on.

For the day ahead

EOS would need to move through the $4.2315 pivot level to support a run at the first major resistance level at $4.3550.

Support from the broader market would be needed, however, for EOS to break back through to $4.30 levels.

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 $4.50 before any pullback. The second major resistance level sits at $4.5499.

Failure to move through the $4.2315 pivot would bring the first major support level at $4.0366 back into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.90 levels. The second major support level at $3.9131 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.0366

First Major resistance Level: $4.3550

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 fell by 2.96% on Sunday. Partially reversing a 5.37% rally from Saturday, Stellar’s Lumen ended the week up by 3.83% to $0.4037.

A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4237 before hitting reverse.

Falling short of the first major resistance level at $0.4388, Stellar’s Lumen fell to a mid-day intraday low $0.3925.

Finding support at the first major support level at $0.3929, Stellar’s Lumen revisited $0.41 levels before ending the day at sub-$0.4050 levels.

At the time of writing, Stellar’s Lumen was down by 1.72% to $0.3968. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4045 before falling to a low $0.3950.

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 $0.4066 to bring the first major resistance level at $0.4208 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 Sunday’s high $0.4237 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.44 before any pullback. The second major resistance level sits at $0.4378.

Failure to move through the $0.4066 pivot would bring the first major support level at $0.3896 and the 38.2% FIB of $0.3864 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3754.

Looking at the Technical Indicators

First Major Support Level: $0.3896

First Major Resistance Level: $0.4208

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 3.51% on Sunday. Following on from a 5.20% rally on Saturday, Tron’s TRX ended the week up by 23.06% to $0.06312.

A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06390 before hitting reverse.

Falling short of the 62% FIB of $0.0648 and the first major resistance level at $0.06731, Tron’s TRX slid to a mid-day intraday low $0.05813.

Steering clear of the first major support level at $0.05631, Tron’s TRX rallied to a late intraday high $0.6479 before easing back.

While coming up short of the first major resistance level at $0.06731, Tron’s TRX tested resistance at the 62% FIB of $0.06480.

A bearish end to the day, however, saw Tron’s TRX ease back to end the day at $0.063 levels.

At the time of writing, Tron’s TRX was down by 2.32% to $0.06166. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06436 before falling to a low $0.06081.

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 $0.06201 to bring the 62% FIB of $0.06480 and the first major resistance level at $0.06590 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.06479.

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 $0.069 before any pullback. The second major resistance level sits at $0.06867.

Failure to move back through the $0.06201 pivot would bring the first major support level at $0.05924 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05535.

Looking at the Technical Indicators

First Major Support Level: $0.05924

First Major Resistance Level: $0.06590

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