EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 24th, 2021

EOS

EOS rose by 0.18% on Tuesday. Partially reversing a 1.91% loss from Monday, EOS ended the day at $4.0880.

A bullish start to the day saw EOS rise to an early morning intraday high $4.2841 before hitting reverse.

Falling short of the first major resistance level at $4.2974, EOS fell to a mid-morning intraday low $4.0229.

Steering clear of the first major support level at $3.9221, EOS revisited $4.20 levels before easing back.

At the time of writing, EOS was down by 0.06% to $4.0854. A mixed start to the day saw EOS rise to an early morning high $4.1191 before falling to a low $4.0313.

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

For the day ahead

EOS would need to move through the $4.1317 pivot level to support a run at the first major resistance level at $4.2404.

Support from the broader market would be needed, however, for EOS to break back through to $4.20 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $4.2841 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 $4.3929.

Failure to move through the $4.1317 pivot would bring the first major support level at $3.9792 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.90 levels. The second major support level sits at $3.8705.

Looking at the Technical Indicators

First Major Support Level: $3.9792

First Major resistance Level: $4.2404

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 0.64% on Tuesday. Partially reversing a 2.72% decline from Monday, Stellar’s Lumen ended the day at $0.3953.

A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4086 before hitting reverse.

Falling short of the first major resistance level at $0.4148, Stellar’s Lumen slid to a late morning intraday low $0.3876.

Steering clear of the 38.2% FIB of $0.3864 and the first major support level at $0.3810, Stellar’s Lumen revisited $0.40 levels before easing back.

At the time of writing, Stellar’s Lumen was down by 1.21% to $0.3905. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3966 before falling to a low $0.3900.

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 $0.3972 to bring the first major resistance level at $0.4067 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.4050 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.4086 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.43 before any pullback. The second major resistance level sits at $0.4182.

Failure to move through the $0.3972 pivot would bring the 38.2% FIB of $0.3864 and the first major support level at $0.3857 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3762.

Looking at the Technical Indicators

First Major Support Level: $0.3857

First Major Resistance Level: $0.4067

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 0.47% on Tuesday. Following a 6.67% slide from Monday, Tron’s TRX ended the day at $0.05871.

A mixed start to the day saw Tron’s TRX rose to an early morning intraday high $0.06230 before hitting reverse.

Falling short of the first major resistance level at $0.06430, Tron’s TRX slid to a late intraday low $0.05704.

Steering clear of the first major support level at $0.05607, Tron’s TRX briefly revisited $0.059 levels before easing back into the red.

At the time of writing, Tron’s TRX was up by 1.03% to $0.05932. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05751 before rising to a high $0.06010.

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

For the Day Ahead

Tron’s TRX need to avoid a fall back through the pivot level at $0.05935 to bring the first major resistance level at $0.06166 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.061 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.06230 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test the second major resistance level at $0.06461 and the 62% FIB of $0.06480.

Failure to avoid a fall back through the $0.05935 pivot would bring the first major support level at $0.05640 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.055 levels. The second major support level sits at $0.05409.

Looking at the Technical Indicators

First Major Support Level: $0.05640

First Major Resistance Level: $0.06166

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