EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 26th, 2021

EOS

EOS rose by 2.57% on Monday. Reversing a 0.35% gain Sunday, EOS ended the day at $2.6487.

A bullish start to the day saw EOS strike an early morning intraday high $2.7897 before hitting reverse.

Coming up against the first major resistance level at $2.7895, EOS fell to a late morning low $2.6744.

Steering clear of the first major support level at $2.6381, EOS revisited $2.78 levels before a second sell-off.

The sell-off saw EOS fall through the first major support level at $2.6381 to a late intraday low $2.6087.

Steering clear of sub-$2.60 levels, EOS broke back through the first major support level to end the day at $2.648 levels.

At the time of writing, EOS was up by 0.47% to $2.6610. A mixed start to the day saw EOS fall to an early morning low $2.5938 before rising to a high $2.6925.

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

For the day ahead

EOS would need to move through the $2.6824 pivot level to support a run at the first major resistance level at $2.7560.

Support from the broader market would be needed, however, for EOS to break back through to $2.75 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $2.7897 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $2.90 before any pullback. The second major resistance level sits at $2.8634.

Failure to move through the pivot level at $2.6824 would bring the first major support level at $2.5750 into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $2.5014.

Looking at the Technical Indicators

First Major Support Level: $2.5750

First Major resistance Level: $2.7560

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 slid by 3.87% on Monday. Reversing a 0.44% gain from Sunday, Stellar’s Lumen day at $0.2610.

A mixed start to the day saw Stellar’s Lumen rose to an early morning intraday high $0.2777 before hitting reverse.

Falling short of the first major resistance level at $0.2825, Stellar’s Lumen fell to a late morning low $0.2682.

Steering clear of the major support levels, Stellar’s Lumen revisited $0.277 levels before sliding to a late intraday low $0.26000.

Finding support at the first major support level at $0.2608, Stellar’s Lumen ended the day at $0.261 levels.

At the time of writing, Stellar’s Lumen was up by 1.01% to $0.2636. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2593 before rising to a high $0.2653.

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 $0.2662 pivot to bring the first major resistance level at $0.2725 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.27 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.2777 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the 38.2% FIB of $0.2823 and the second major resistance level at $0.2839.

Failure to move through the $0.2662 pivot would bring the first major support level at $0.2548 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear sub-$0.25 levels. The second major support level sits at $0.2485.

Looking at the Technical Indicators

First Major Support Level: $0.2548

First Major Resistance Level: $0.2725

23.6% FIB Retracement Level: $0.3187

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX fell by 1.17% on Monday. Partially reversing a 1.69% gain from Sunday, Tron’s TRX ended the day at $0.02968.

A bullish start to the day saw Tron’s TRX rally to a mid-morning intraday high $0.03300 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.03108 and the second major resistance level at $0.03214.

The reversal saw Tron’s TRX slide through the 23.6% FIB of $0.0291 to a late intraday low $0.02895.

Steering clear of the first major support level at $0.02888, however, Tron’s TRX moved back through the 23.6% FIB to end the day at $0.0296 levels.

At the time of writing, Tron’s TRX was up by 0.89% to $0.02995. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02893 before striking a high $0.03028.

While Tron’s TRX left the major support and resistance levels untested early on, Tron’s TRX fell through the 23.6% FIB of $0.0291 before making a move.

For the Day Ahead

Tron’s TRX need to move through the $0.03054 pivot to bring the first major resistance level at $0.03214 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.032 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.03300 would likely cap any upside.

In the event of an extended rally Tron’s TRX could resistance at $0.034 before any pullback. The second major resistance level sits at $0.03459.

Failure to move through the $0.03054 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02809 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.027 levels. The second major support level at sits at $0.02649.

Looking at the Technical Indicators

First Major Support Level: $0.02809

First Major Resistance Level: $0.03214

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