EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 6th, 2021

EOS

EOS rallied by 10.51% on Sunday. Following a 0.46% gain on Saturday, EOS ended the week up by 24.33% to $6.2978.

A mixed start to the day saw EOS fall to a mid-morning intraday low $5.5320 before making a move.

EOS fell through the first major support level at $5.5391 before rallying to a late intraday high $6.3297.

EOS broke through the first major resistance level at $5.8749 and the second major resistance level at $6.0511 to end the day at $6.29 levels.

At the time of writing, EOS was down by 1.92% to $6.1770. A mixed start to the day saw EOS rise to an early morning high $6.3031 before falling to a low $6.0851.

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

For the day ahead

EOS would need to avoid the $6.0532 pivot to bring the 23.6% FIB of $6.52 and the first major resistance level at $6.5743 into play.

Support from the broader market would be needed to break out from Sunday’s high $6.3297.

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 $7.00 before any pullback. The second major resistance level sits at $6.8509.

A fall through the $6.0532 pivot would bring the first major support level at $5.5766 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $5.2555.

Looking at the Technical Indicators

First Major Support Level: $5.7766

First Major resistance Level: $6.5743

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 7.60% on Sunday. Following a 0.46% gain on Saturday, Stellar’s Lumen ended the week up by 15.95% to $0.3980.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3683 before making a move.

Steering clear of the first major support level at $0.3617, Stellar’s Lumen rallied to a late intraday high $0.3980.

Stellar’s Lumen broke through the first major resistance level at $0.3813 and the second major resistance level at $0.3928 to end the day at $0.3980.

At the time of writing, Stellar’s Lumen was down by 0.61% to $0.3956. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3992 before falling to a low $0.3933.

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

For the day ahead

Stellar’s Lumen would need to avoid the $0.3881 pivot to bring the first major resistance level at $0.4079 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.40 levels.

Barring an extended rally, the first major resistance level would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.4277 before any pullback. The second major resistance level sits at $0.4178.

A fall through the $0.3881 pivot would bring the first major support level at $0.3782 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.35 levels. The second major support level at $0.3584 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3782

First Major Resistance Level: $0.4079

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX rose by 3.14% on Sunday. Following a 0.30% gain on Saturday, Tron’s TRX ended the week up by 19.03% to $0.1051.

A mixed start to the day saw Tron’s TRX fall to a mid-morning intraday low $0.1007 before making a move.

Steering clear of the first major support level at $0.09950, Tron’s TRX rallied to a late intraday high $0.1057.

Tron’s TRX broke through the first major resistance level at $0.1041 to end the day at $0.105 levels.

At the time of writing, Tron’s TRX was down by 0.03%. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1059 before falling to a low $0.1039.

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

For the Day Ahead

Tron’s TRX would need to avoid the $0.10383 pivot to bring the first major resistance level at $0.1070 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from this morning’s high $0.1059.

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 $0.11 levels before any pullback. The second major resistance level sits at $0.1088.

A fall through the $0.1038 pivot would bring the first major support level at $0.1020 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.09890. The second major support level sits at $0.09883.

Looking at the Technical Indicators

First Major Support Level: $0.1020

First Major Resistance Level: $0.1070

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob