EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 22nd, 2021

EOS

EOS rallied by 5.42% on Sunday. Partially reversing a 7.38% slide from Saturday, EOS ended the week up by 0.79% to $5.1111.

A mixed start to the day saw EOS fall to an early morning intraday low $4.7318 before making a move.

Steering clear of the first major support level at $4.3511, EOS rallied to a mid-afternoon intraday high $5.5217.

EOS broke through the first major resistance level at $5.4521 before a pullback to sub-$5.10 levels.

Steering clear of sub-$5.00 levels, however, EOS wrapped up the day at $5.11 levels.

At the time of writing, EOS was down by 2.77% to $4.9693. A mixed start to the day saw EOS rise to an early morning high $5.1347 before falling to a low $4.8698.

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

For the day ahead

EOS would need to move back through the $5.1215 pivot level to support a run at the first major resistance level at $5.5113.

Support from the broader market would be needed, however, for EOS to break back through to $5.5 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $5.5217 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $5.9114.

Failure to move back through the $5.1215 pivot would bring the first major support level at $4.7214 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.3316.

Looking at the Technical Indicators

First Major Support Level: $4.7214

First Major resistance Level: $5.5113

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 2.08% on Sunday. Partially reversing a 5.28% slide from Saturday, Stellar’s Lumen ended the week down by 3.87% to 0.4967.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4750 before making a move.

Steering clear of the 23.6% FIB of $0.4713 and the first major support level at $0.4563, Stellar’s Lumen rallied to a late morning intraday high $0.5082.

Falling short of the first major resistance level at $0.5251, Stellar’s Lumen fell back to $0.48 levels before finding support.

Late in the day, Stellar’s Lumen moved back through to $0.49 levels to deliver the upside for the day.

At the time of writing, Stellar’s Lumen was down by 3.00% to $0.4818. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4990 before falling to a low $0.4762.

Stellar’s Lumen fell through the first major support level at $0.4784 and the 23.6% FIB of $0.4713 early on.

For the day ahead

Stellar’s Lumen would need to move back through pivot level at $0.4933 to bring the first major resistance level at $0.5116 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Sunday’s high $0.5082.

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

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.53. The second major resistance level sits at $0.5265.

Failure to move back through the $0.4933 pivot would bring the first major support level at $0.4784 and 23.6% FIB of $0.4713 back into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.4601.

Looking at the Technical Indicators

First Major Support Level: $0.4784

First Major Resistance Level: $0.5116

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 rose by 3.80% on Sunday. Partially reversing a 5.62% slide from Saturday, Tron’s TRX ended the week up by 8.83% to $0.05979.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.05609 before making a move.

Steering clear of the first major support level at $0.05296, Tron’s TRX rose to a late afternoon intraday high $0.06163.

Falling short of the first major resistance level at $0.06331, Tron’s TRX fell back to end the day at sub-$0.060 levels.

At the time of writing, Tron’s TRX was down by 1.54% to $0.05888. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06044 before falling to a low $0.05723.

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

For the Day Ahead

Tron’s TRX need to move back through pivot level at $0.05917 to bring the first major resistance level at $0.06225 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.06163.

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

In the event of an extended rally Tron’s TRX could test resistance at $0.065 before any pullback. The second major resistance level sits at $0.06471.

Failure to move back through the $0.05917 pivot would bring the first major support level at $0.05671 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.05363.

Looking at the Technical Indicators

First Major Support Level: $0.05671

First Major Resistance Level: $0.06225

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