EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 5th, 2021
EOS
EOS rose by 2.27% on Wednesday. Following a 0.02% decline on Tuesday, EOS ended the day at $4.1158.
A mixed start to the day saw EOS fall to a late morning intraday low $3.9228 before making a move.
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Steering clear of the first major support level at $3.8944, EOS rallied to a late intraday high $4.1550.
EOS broke through the first major resistance level at $4.1250 before briefly falling back to sub-$4.10 levels.
At the time of writing, EOS was down by 0.12% to $4.1109. A mixed start to the day saw EOS rise to an early morning high $4.1434 before falling to a low $4.0933.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.0645 pivot to bring the first major resistance level at $4.2063 into play.
Support from the broader market would be needed for EOS to break out from Wednesday’s high $4.1550.
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 $4.30. The second major resistance level sits at $4.2967.
A fall through the $4.0645 pivot would bring the first major support level at $3.9741 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.90 levels. The second major support level sits at $3.8323.
Looking at the Technical Indicators
First Major Support Level: $3.9741
First Major resistance Level: 4.2063
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 2.33% on Wednesday. Following a 0.04% gain on Tuesday, Stellar’s Lumen ended the day at $0.2806.
A mixed start saw Stellar’s Lumen fall to a late morning intraday low $0.2650 before making a move.
Stellar’s Lumen fell through the first major support level at $0.2660 before rallying to a late intraday high $0.2840.
Stellar’s Lumen broke through the first major resistance level at $0.2806 to end the day at $0.28 levels.
At the time of writing, Stellar’s Lumen was down by 0.51% to $0.2792. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2815 before falling to a low $0.2776.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid the $0.2765 pivot to bring the first major resistance level at $0.2881 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.2840.
Barring an extended rally, the first major resistance level and resistance at $0.29 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 $0.2955.
A fall through the $0.2765 pivot would bring the first major support level at $0.2691 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2575.
Looking at the Technical Indicators
First Major Support Level: $0.2691
First Major Resistance Level: $0.2881
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 rallied by 4.68% on Wednesday. Reversing a 1.31% loss from Tuesday, Tron’s TRX ended the day at $0.06714.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06339 before making a move.
Steering clear of the first major support level at $0.06259, Tron’s TRX rallied to a late intraday high $0.06831.
Tron’s TRX broke through the first major resistance level at $0.06574 and the second major resistance level at $0.06732 before ending the day at sub-$0.06720 levels.
At the time of writing, Tron’s TRX was up by 1.19% to $0.06794. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06699 before rising to a high $0.06833.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid the $0.06628 pivot to bring the first major resistance level at $0.06917 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.06850 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.070 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.072. The second major resistance level sits at $0.07120.
A fall through the $0.06628 pivot would bring the first major support level at $0.06425 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.06 levels. The second major support level at $0.06136 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.06425
First Major Resistance Level: $0.06917
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