EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 3rd, 2021

EOS

EOS rose by 2.08% on Monday. Partially reversing a 3.25% slide from Sunday, EOS ended the day at $4.0253.

A mixed start to the day saw EOS fall to an early morning intraday low $3.8888 before making a move.

Steering clear of the first major support level at $3.7847, EOS rose to a mid-morning intraday high $4.1590.

Falling short of the first major resistance level at $4.1687, EOS eased back to end the day at sub-$4.10 levels.

At the time of writing, EOS was down by 0.42% to $4.0084. A mixed start to the day saw EOS fall to an early morning low $3.9800 before rising to a high $4.1261.

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

For the day ahead

EOS would need to move back through the $4.0244 pivot to bring the first major resistance level at $4.1599 into play.

Support from the broader market would be needed for EOS to break back through to $4.10 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $4.1590 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.30. The second major resistance level sits at $4.2946.

Failure to move back through the $4.0244 pivot would bring the first major support level at $3.8897 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.7542.

Looking at the Technical Indicators

First Major Support Level: $3.8897

First Major resistance Level: 4.1599

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 0.36% on Monday. Following a 3.37% loss on Sunday, Stellar’s Lumen ended the day at $0.2742.

A mixed start saw Stellar’s Lumen fall to an early morning intraday low $0.2686 before making a move.

Steering clear of the first major support level at $0.2649, Stellar’s Lumen rallied to a mid-morning intraday high $0.2864.

Falling short of the first major resistance level at $0.2832, Stellar’s Lumen fell back to sub-$0.2750 levels and into the red.

At the time of writing, Stellar’s Lumen was down by 0.28% to $0.2734. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2725 before rising to a high $0.2789.

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 $0.2842 pivot to bring the first major resistance level at $0.2842 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.28 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.2864 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2942.

Failure to move back through the $0.2764 pivot would bring the first major support level at $0.2664 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2586.

Looking at the Technical Indicators

First Major Support Level: $0.2664

First Major Resistance Level: $0.2842

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX rose by 3.21% on Monday. Reversing a 2.07% loss from Sunday, Tron’s TRX ended the day at $0.06502.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06198 before making a move.

Steering clear of the first major support level at $0.06121, Tron’s TRX rose to a late afternoon intraday high $0.06592.

Coming up against the first major resistance level at $0.06590, however, Tron’s TRX fell back to sub-$0.064 levels before finding late support.

At the time of writing, Tron’s TRX was down by 0.46% to $0.06470. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06362 before rising to a high $0.06605.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.06431 pivot to bring the first major resistance level at $0.06663 into play.

Support from the broader market would be needed, however, for Tron’s TRX to breakout from Monday’s high $0.06592.

Barring an extended crypto rally, the first major resistance level and resistance at $0.067 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.70. The second major resistance level sits at $0.06825.

A fall back through the $0.06431 pivot would bring the first major support level at $0.06269 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06037.

Looking at the Technical Indicators

First Major Support Level: $0.06269

First Major Resistance Level: $0.06663

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