EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 30th, 2021

EOS

EOS rallied by 4.08% on Monday. Following on from a 0.36% gain on Sunday, EOS ended the day at $4.2739.

A mixed start to the day saw EOS fall to an early morning intraday low $4.0500 before making a move.

Steering clear of the first major support level at $4.0185, EOS rallied to a late morning intraday high $4.3280.

EOS broke through the first major resistance level at $4.2053 and the second major resistance level at $4.3043.

Through the 2^nd half of the day, EOS fell back through the resistance levels to sub-$4.20 levels.

Finding late support, however, EOS broke back through the first major resistance level to end the day at $4.27 levels.

At the time of writing, EOS was up by 0.67% to $4.3024. A mixed start to the day saw EOS fall to an early morning low $4.2459 before rising to a high $4.3100.

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

For the day ahead

EOS would need to avoid a fall through the $4.2173 pivot level to support a run at the first major resistance level at $4.3846.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $4.3280.

Barring an extended crypto rally, the first major resistance level and and resistance at $4.40 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 $4.4953.

Failure to avoid a fall through the $4.2173 pivot would bring the first major support level at $4.1066 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level sits at $3.9393.

Looking at the Technical Indicators

First Major Support Level: $4.1066

First Major resistance Level: $4.3846

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 1.71% on Monday. Following on from a 4.03% rally on Sunday, Stellar’s Lumen ended the day at $0.4043.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3900 before making a move.

Steering clear of the 38.2% FIB of $0.3864 and the first major support level at $0.3796, Stellar’s Lumen rallied to a late afternoon intraday high $0.4124.

Falling short of the first major resistance level at $0.4136, Stellar’s Lumen fell back to end the day at sub-$0.4050 levels.

At the time of writing, Stellar’s Lumen was up by 0.52% to $0.4064. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4027 before rising to a high $0.4069.

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

For the day ahead

Stellar’s Lumen would need to avoid a fall through the pivot level at $0.4022 to bring the first major resistance level at $0.4145 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Monday’s high $0.4124.

Barring an extended crypto rally, the first major resistance level 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 $0.4246.

Failure to avoid a fall through the $0.4022 pivot would bring the first major support level at $0.3921 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 $0.3798.

Looking at the Technical Indicators

First Major Support Level: $0.3921

First Major Resistance Level: $0.4145

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 1.45% on Monday. Following on from a 0.83% gain on Sunday, Tron’s TRX ended the day at $0.6509.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06266 before making a move.

Steering clear of the first major support level at $0.06228, Tron’s TRX rallied to a late morning intraday high $0.06646.

Tron’s TRX broke through the 62% FIB of $0.06480 and the first major resistance level at $0.06555 before hitting reverse.

The pullback saw Tron’s TRX fall back through the first major resistance level and the 62% FIB to sub-$0.064 levels.

Finding late support, however, moved back through the 62% FIB to end the day at $0.065 levels.

At the time of writing, Tron’s TRX was down by 0.85% to $0.06454. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06519 before falling to a low $0.06369.

While leaving the major support and resistance levels untested early on, Tron’s TRX tested resistance at the 62% FIB of $0.06480.

For the Day Ahead

Tron’s TRX need to move back through the pivot level at $0.06474 and the 62% FIB of $0.06480 to bring the first major resistance level at $0.06681 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.06646.

Barring an extended crypto rally, the first major resistance level and resistance at $0.067 would likely cap any upside.

In the event of an extended rally Tron’s TRX could the second major resistance level at $0.06854 before any pullback.

Failure to move back through the $0.06474 pivot and the 62% FIB would bring the first major support level at $0.06301 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.060 levels. The second major support level at $0.06094 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.06301

First Major Resistance Level: $0.06681

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