EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 8th, 2021

EOS

EOS tumbled by 21.47% on Tuesday. Following a 1.18% decline on Monday, EOS ended the day at $4.8877.

A mixed start to the day saw EOS rise to a late morning intraday high $6.2576 before hitting reverse.

Falling short of the first major resistance level at $6.4640, EOS slumped to a mid-afternoon intraday low $4.2857.

EOS fell through the day’s major support levels to end the day at sub-$5.00 levels.

At the time of writing, EOS was down by 0.18% to $4.8789. A mixed start to the day saw EOS fall to an early morning low $4.7783 before rising to a high $4.9083.

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

For the day ahead

EOS would need to move through the $5.1437 pivot to bring the first major resistance level at $6.0016 into play.

Support from the broader market would be needed to break back through to $5.00 levels.

Barring a broad-based crypto rebound, resistance at $5.50 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at the 23.6% FIB of $6.52 before any pullback. The second major resistance level sits at $7.1156.

Failure to move through the $5.1437 pivot would bring the first major support level at $4.0297 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level sits at $3.1718.

Looking at the Technical Indicators

First Major Support Level: $4.0297

First Major resistance Level: $6.0016

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 tumbled by 20.76% on Tuesday. Reversing a 6.51% rally from Monday, Stellar’s Lumen ended the day at $0.3358.

A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4245 before hitting reverse.

Falling short of the 38.2% FIB of $0.4277 and the first major resistance level at $0.4394, Stellar’s Lumen tumbled to a mid-afternoon intraday low $0.2755.

Stellar’s Lumen fell through the day’s major support levels and the 23.6% FIB of $0.3402.

Finding late support, however, Stellar’s Lumen broke back through the third major support level at $0.3341 to end the day at $0.335 levels.

At the time of writing, Stellar’s Lumen was up by 0.28% to $0.3367. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3273 before rising to a high $0.3375.

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 23.6% FIB of $0.3402 and the $0.3453 pivot to bring the first major resistance level at $0.4150 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, resistance at $0.35 would likely leave Stellar’s Lumen short of the first major resistance level.

In the event of a broad-based crypto rebound, Stellar’s Lumen could test resistance at 38.2% FIB of $0.4277 before any pullback. The second major resistance level sits at $0.4943.

Failure to move through the $0.3453 pivot would bring the first major support level at $0.2660 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.1963.

Looking at the Technical Indicators

First Major Support Level: $0.2660

First Major Resistance Level: $0.4150

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX slid by 17.38% on Tuesday. Following a 1.24% loss on Monday, Tron’s TRX ended the day at $0.08576.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1064 before hitting reverse.

Falling short of the first major resistance level at $0.1074, Tron’s TRX tumbled to a mid-afternoon intraday low $0.07694.

The sell-off saw Tron’s TRX fall through the day’s major support levels.

Tron’s TRX also fell through the 38.2% FIB of $0.09890 and the 23.6% FIB of $0.07870.

Finding late support, however, Tron’s TRX broke back through the 23.6% FIB to end the day at $0.085 levels.

At the time of writing, Tron’s TRX was up by 0.29% to $0.08601. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08386 before rising to a high $0.08651

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 $0.08970 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.1025 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.10 levels.

Barring an extended crypto rally, the 38.2% FIB would likely leave Tron’s TRX short of the first major resistance level.

In the event of a broad-based crypto rebound, Tron’s TRX could test resistance at $0.1050 levels before any pullback. The second major resistance level sits at $0.1192.

Failure to move through the $0.08970 pivot would bring the 23.6% FIB of $0.7870 and the first major support level at $0.07300 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.070 levels. The second major support level sits at $0.06024.

Looking at the Technical Indicators

First Major Support Level: $0.07300

First Major Resistance Level: $0.1025

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