EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 29th, 2021

EOS

EOS fell by 1.83% on Wednesday. Partially reversing a 3.40% gain from Tuesday, EOS ended the day at $5.9605.

A bullish start to the day saw EOS rise to an early morning intraday high $6.2331 before hitting reverse.

EOS broke through the first major resistance level at $6.2185 before sliding to a mid-morning intraday low $5.6859.

The reversal saw EOS fall through the first major support level at $5.8290 before finding support.

Late in the day, EOS briefly revisited $6.00 levels before falling back to end the day at sub-$6.00 levels.

At the time of writing, EOS was down by 0.91% to $5.9060. A mixed start to the day saw EOS rise to an early morning high $5.9691 before falling to a low $5.8754.

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

For the day ahead

EOS would need to move back through the $5.9598 pivot level to support a run at the first major resistance level at $6.2338.

Support from the broader market would be needed, however, for EOS to break back through to $6.20 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $6.2331 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 $6.5070.

Failure to move back through through the $5.9598 would bring the first major support level at $5.6866 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $5.4126.

Looking at the Technical Indicators

First Major Support Level: $5.6866

First Major resistance Level: $6.2338

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 fell by 2.53% on Wednesday. Partially reversing a 5.02% gain from Tuesday, Stellar’s Lumen ended the day at $0.4976.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.5220 before hitting reverse.

Falling short of the first major resistance level at $0.5300, Stellar’s Lumen slid to a mid-morning intraday low $0.4740.

Stellar’s Lumen fell through the first major support level at $0.4837 before briefly revisiting $0.50 levels late in the day.

At the time of writing, Stellar’s Lumen was down by 0.90% to $0.4931. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4996 before falling to a low $0.4926.

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

For the day ahead

Stellar’s Lumen would need to move back through the pivot level at $0.4979 to bring the first major resistance level at $0.5217 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.52 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.5220 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at the 23.6% FIB of $0.5342 before any pullback. The second major resistance level sits at $0.5459.

Failure to move back through the $0.4979 pivot would bring the first major support level at $0.4737 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the 38.2% FIB of $0.4373. The second major support level at $0.4499 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.4737

First Major Resistance Level: $0.5217

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX fell by 3.01% on Wednesday. Partially reversing a 7.13% rally from Tuesday, Tron’s TRX ended the day at $0.1224.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1303 before hitting reverse.

Falling short of the first major resistance level at $0.1319, Tron’s TRX slid to a mid-day intraday low $0.1159.

The reversal saw Tron’s TRX fall through the first major support level at $0.1178 and the 38.2% FIB of $0.1167.

Finding late morning support, however, Tron’s TRX revisited $0.124 levels before easing back to end the day at $0.122 levels.

At the time of writing, Tron’s TRX was down by 0.47% to $0.1218. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1237 before falling to a low $0.1213.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.1229 pivot to bring the first major resistance level at $0.1298 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.1250 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.1303 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at the 23.6% FIB of $0.1426. The second major resistance level sits at $0.1373.

Failure to move back through the $0.1229 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.1154 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The second major support level sits at $0.1085.

Looking at the Technical Indicators

First Major Support Level: $0.1154

First Major Resistance Level: $0.1298

23.6% FIB Retracement Level: $0.

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