EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 5th, 2021

EOS

EOS jumped by 16.22% on Sunday. Reversing a 13.44% slide from Saturday, EOS ended the week up by 53.11% to $6.2869.

A mixed start to the day saw EOS fall to an early morning intraday low $5.3241 before making a move.

Steering clear of the first major support level at $4.9039, EOS rallied to a final hour intraday high $6.3157 before easing back.

EOS broke through the first major resistance level at $6.2301 to end the week at $6.28 levels.

At the time of writing, EOS was down by 0.32% to $6.2666. A mixed start to the day saw EOS fall rise to an early morning high $6.4295 before falling to a low $6.2265.

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

For the day ahead

EOS would need to avoid a fall through the $5.9756 pivot level to support a run at the 23.6% FIB of $6.52 and the first major resistance level at $6.6270.

Support from the broader market would be needed, however, for EOS to break through to $6.50 levels.

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 $6.9672.

Failure to avoid a fall through the $5.9756 pivot would bring the first major support level at $5.6354 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level sits at $4.9840.

Looking at the Technical Indicators

First Major Support Level: $5.6354

First Major resistance Level: $6.6270

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 4.87% on Sunday. Partially reversing a 6.95% slide from Saturday, Stellar’s Lumen ended the week up by 7.77% to $0.4284.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4026 before making a move.

Steering clear of the first major support level at $0.3908, Stellar’s Lumen rallied to a late intraday high $0.4347.

Falling short of the first major resistance level at $0.4424, Stellar’s Lumen slipped back to end the day at sub-$0.43 levels.

At the time of writing, Stellar’s Lumen was down by 0.46% to $0.4264. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4352 before falling to a low $0.4256.

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

For the day ahead

Stellar’s Lumen would need to avoid a fall through the pivot level at $0.4219 to bring the first major resistance level at $0.4412 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.44 levels.

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

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.46 before any pullback. The second major resistance level sits at $0.4540.

Failure to avoid a fall through the $0.4219 pivot would bring the first major support level at $0.4091 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.3898.

Looking at the Technical Indicators

First Major Support Level: $0.4091

First Major Resistance Level: $0.4412

23.6% FIB Retracement Level: $0.3426

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX surged by 26.24% on Sunday. Following on from a 9.74% rally on Saturday, Tron’s TRX ended the week up by 98.7% to $0.1275.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09947 before making a move.

Steering clear of the first major support level at $0.08868, Tron’s TRX surged to a final hour intraday high and a new swing hi $0.1289.

Tron’s TRX broke through the first major resistance level at $0.1135 and the second major resistance level at $0.1253 to end the day at $0.1275 levels.

At the time of writing, Tron’s TRX was up by 5.98% to $0.1351. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1270 before rallying to a new swing hi $0.1398.

Tron’s TRX broke through the first major resistance level at $0.1378 early on before easing back.

For the Day Ahead

Tron’s TRX need to avoid a fall through the pivot level at $0.1186 to bring the first major resistance level at $0.1378 back into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.137 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.14 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.15 before any pullback. The second major resistance level sits at $0.1481.

Failure to avoid a fall through the $0.1186 pivot would bring the first major support level at $0.1084 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.08919. The 23.6% FIB of $0.1002 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1084

First Major Resistance Level: $0.1378

23.6% FIB Retracement Level: $0.1002

38.2% FIB Retracement Level: $0.0824

62% FIB Retracement Level: $0.0536

Please let us know what you think in the comments below

Thanks, Bob