EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – May 11th, 2021

EOS

EOS slid by 11.91% on Monday. Reversing a 1.69% gain from Sunday, EOS ended the day at $9.2760.

A bullish start to the day saw EOS rise to an early morning intraday high $11.0045 before hitting reverse.

Falling short of the first major resistance level at $11.3789, EOS fell to a late intraday low $8.2595.

EOS fell through the 38.2% FIB of $9.68 and the first major support level at $9.4031.

Finding support at the second major support level at $8.2772, EOS moved back through the first major support level at $9.4031 before ending the day at $9.27 levels.

At the time of writing, EOS was down by 1.54% to $9.1331. A mixed start to the day saw EOS rise to an early morning high $9.5223 before falling to a low $9.1331.

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

For the day ahead

EOS would need to move through the pivot at $9.5133 and the 38.2% FIB of $9.68 to bring the first major resistance level at $10.7672 into play.

Support from the broader market would be needed for EOS to break back through to $10.00 levels.

Barring an extended rally throughout the day, the first major resistance level and Monday’s high $11.0045 would likely cap the upside.

In the event of another extended breakout, EOS could test resistance at $12.0 levels. The second major resistance level sits at $12.2583.

Failure to move through the $9.5133 pivot and the 38.2% FIB would bring the first major support level at $8.0222 into play.

Barring another extended sell-off, however, EOS should steer well clear of sub-$8.00 levels. The second major support level sits at $6.7683.

Looking at the Technical Indicators

First Major Support Level: $8.0222

First Major resistance Level: $10.7672

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 4.72% on Monday. Following on from a 2.23% gain on Sunday, Stellar’s Lumen ended the day at $0.6585.

A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.6266 before making a move.

Steering clear of the first major support level at $0.5922, Stellar’s Lumen surged to a late morning intraday high and a new swing hi $0.7800.

Stellar’s Lumen broke through the day’s major resistance levels before a slide to a late intraday low $0.6190.

Steering clear of the first major support level at $0.5922, Stellar’s Lumen bounced back to end the day at $0.65 levels.

Stellar’s Lumen broke back through the first major resistance level at $0.6499 and the second major resistance level at $0.6709 before easing back.

At the time of writing, Stellar’s Lumen was down by 1.15% to $0.6509. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.6792 before falling to a low $0.6485.

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 $0.6858 to bring the first major resistance level at $0.7527 into play.

Support from the broader market would be need, however, for Stellar’s Lumen to break back through to $0.70 levels.

Barring an extended rally, the first major resistance level and Monday’s new swing hi $0.7800 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.90 before any pullback. The second major resistance level sits at $0.8468.

Failure to move through the $0.6858 pivot would bring the 23.6% FIB of $0.6024 and the first major support level at $0.5917 into play.

Barring an extended sell-off on the day, however, Stellar’s Lumen should steer clear of the second major support level at $0.5248.

Looking at the Technical Indicators

First Major Support Level: $0.5917

First Major Resistance Level: $0.7527

23.6% FIB Retracement Level: $0.6024

38% FIB Retracement Level: $0.4925

62% FIB Retracement Level: $0.3148

Tron’s TRX

Tron’s TRX slid by 11.51% on Monday. Following a 0.07% gain on Sunday, Tron’s TRX ended the day at $0.1269.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1489 before hitting reverse.

Coming up against the first major resistance level at $0.1482, Tron’s TRX fell to a late intraday low $0.1204.

Tron’s TRX fell through the first major support level at $0.1368 and the second major support level at $0.1301.

More significantly, Tron’s TRX fell also fell through the 23.6% FIB of $0.1426.

Finding late support, Tron’s TRX briefly moved back through to $0.13 levels before ending the day at sub-$0.1270 levels. The second major support level at $0.1301 had pinned Tron’s TRX fell back late in the day.

At the time of writing, Tron’s TRX was down by 0.51% to $0.1262. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1293 before falling to a low $0.1250.

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

For the Day Ahead

Tron’s TRX would need to move through the pivot at $0.1321 to bring the 23.6% FIB of $0.1426 and the first major resistance level at $0.1437 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.14 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.15 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.16 levels. The second major resistance level sits at $0.1606.

Failure to move through the $0.1321 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.1152 into play.

Barring another extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The second major support level sits at $0.1036.

Looking at the Technical Indicators

First Major Support Level: $0.1152

First Major Resistance Level: $0.1437

23.6% FIB Retracement Level: $0.1426

38.2% FIB Retracement Level: $0.1167

62% FIB Retracement Level: $0.0748

Please let us know what you think in the comments below

Thanks, Bob