EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 2nd, 2021

EOS

EOS rallied by 6.52% on Monday. Reversing a 5.27% slide from the previous day, EOS ended the day at $3.7123.

A mixed start to the day saw EOS fall to an early morning intraday low $3.4441 before making a move.

Steering well clear of the first major support level at $3.2364, EOS rallied to a late afternoon intraday high $3.7858.

EOS broke through the first major resistance level at $3.7253 before a pullback to sub-$3.60 levels.

Finding late support, EOS revisited $3.72 levels before easing back.

At the time of writing, EOS was down by 0.27% to $3.7022. A mixed start to the day saw EOS rise to an early morning high $3.7738 before falling to a low $3.6884.

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

For the day ahead

EOS would need to avoid a fall through the $3.6474 pivot level to support a run at the first major resistance level at $3.8507.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $3.7858.

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 $4.00 before any pullback. The second major resistance level sits at $3.9891.

Failure to avoid a fall through the $3.6474 pivot would bring the first major support level at $3.5090 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.40 levels. The second major support level sits at $3.3057.

Looking at the Technical Indicators

First Major Support Level: $3.5090

First Major resistance Level: $3.8507

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 rallied by 6.08% on Monday. Partially reversing a 7.38% slide from Sunday, Stellar’s Lumen ended the day at $0.4312.

A mixed start to the day saw Stellar’s Lumen fall to a mid-morning intraday low $0.4010 before finding support.

Steering clear of the first major support level at $0.3744, Stellar’s Lumen rallied to a final hour intraday high $0.4366.

Falling short of the first major resistance level at $0.4446, Stellar’s Lumen eased back to end the day at sub-$0.431 levels.

At the time of writing, Stellar’s Lumen was down by 2.13% to $0.4220. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4364 before falling to a low $0.4200.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to move back through the pivot level at $0.4229 to bring the first major resistance level at $0.4449 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.44 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.45 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4585 and resistance at $0.46.

Failure to move back through the $0.4229 pivot would bring the first major support level at $0.4093 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3873.

Looking at the Technical Indicators

First Major Support Level: $0.4093

First Major Resistance Level: $0.4449

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 4.22% on Monday. Reversing a 1.95% fall from Sunday, Tron’s TRX ended the day at $0.04764.

A mixed start to the day saw Tron’s TRX fall to a mid-morning intraday low $0.04477 before making a move.

Steering clear of the first major support level at $0.43, Tron’s TRX rallied to a late afternoon intraday high $0.4856.

Tron’s TRX broke through the first major resistance level at $0.04785 before sliding back to sub-$0.046 levels.

Finding late support, however, Tron’s TRX moved back through to $0.047 levels to deliver the upside on the day.

The first major resistance level at $0.04785 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was down by 0.08% to $0.04760. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.04874 before falling to a low $0.04756.

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 through the pivot level at $0.04699 to bring the first major resistance level at $0.04921 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from this morning’s high $0.04874.

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 the second major resistance level at $0.05078 before any pullback.

Failure to avoid a fall through the $0.4699 pivot would bring the first major support level at $0.04542 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04320 and the 38.2% FIB of $0.04280.

Looking at the Technical Indicators

First Major Support Level: $0.04542

First Major Resistance Level: $0.04921

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