EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 25th, 2021

EOS

EOS tumbled by 9.70% on Wednesday. Following a 0.18% gain on Tuesday, EOS ended the day at $3.6915.

A bullish start to the day saw EOS rise to an early afternoon intraday high $4.3168 before hitting reverse.

Falling short of the first major resistance level at $4.2404, EOS slid to a late intraday low $3.4082.

EOS fell through the day’s major support levels before a late move back through the third major support level at $3.6093.

At the time of writing, EOS was down by 0.01% to $3.6911. A mixed start to the day saw EOS fall to an early morning low $3.6474 before rising to a high $3.7504.

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

For the day ahead

EOS would need to move through the $3.8055 pivot level to support a run at the first major resistance level at $4.2028.

Support from the broader market would be needed, however, for EOS to break back through to $4.00 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 $4.40 before any pullback. The second major resistance level sits at $4.7141.

Failure to move through the $3.8055 pivot would bring the first major support level at $3.2942 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level sits at $2.8969.

Looking at the Technical Indicators

First Major Support Level: $3.2942

First Major resistance Level: $4.2028

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 8.49% on Wednesday. Following a 0.64% gain on Tuesday, Stellar’s Lumen ended the day at $0.3616.

A bullish start to the day saw Stellar’s Lumen rise to an early afternoon intraday high $0.4030 before hitting reverse.

Falling short of the first major resistance level at $0.4067, Stellar’s Lumen slid to a late intraday low $0.3505.

Stellar’s Lumen slid through the day’s major support levels and the 38.2% FIB of $0.3864.

Finding late support, Stellar’s Lumen moved back through the third major support level at $0.3552 to end the day at $0.36 levels.

At the time of writing, Stellar’s Lumen was down by 1.64% to $0.3557. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3663 before falling to a low $0.3520.

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 $0.3717 to bring the 38.2% FIB of $0.3864 and the first major resistance level at $0.3929 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.39 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.4030 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.42 before any pullback. The second major resistance level sits at $0.4242.

Failure to move through the $0.3717 pivot would bring the first major support level at $0.3404 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3192.

Looking at the Technical Indicators

First Major Support Level: $0.3404

First Major Resistance Level: $0.3929

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 4.70% on Wednesday. Following on from a 0.47% decline on Tuesday, Tron’s TRX ended the day at $0.05595.

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

Tron’s TRX broke through the first major resistance level at $0.06166 before sliding to a late intraday low $0.05422.

The sell-off saw Tron’s TRX fall through the first major support level at $0.05640 before finding support.

Steering clear of the second major support level at $0.05409, Tron’s TRX briefly revisited $0.056 levels before easing back into the deep red.

At the time of writing, Tron’s TRX was down by 2.25% to $0.05469. A mixed start to the day saw Tron’s TRX rose to an early morning high 0.05660 before falling to a low $0.05352.

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

For the Day Ahead

Tron’s TRX need to move through the pivot level at $0.05749 to bring the first major resistance level at $0.06076 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 levels.

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 the 62% FIB of $0.06480 before any pullback. The second major resistance level sits at $0.06557.

Failure to move through the $0.05749 pivot would bring the first major support level at $0.05268 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.050 levels. The second major support level sits at $0.04941.

Looking at the Technical Indicators

First Major Support Level: $0.05268

First Major Resistance Level: $0.06076

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