EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 8th, 2021

EOS

EOS rallied by 7.04% on Sunday. Reversing a 2.94% loss from Saturday, EOS ended the week up by 17.49% to $3.4429.

A mixed start to the day saw EOS fall to an early morning intraday low $3.0290 before making a move.

EOS fell through the first major support level at $3.1009 before striking to an early afternoon intraday high $3.6010.

The rally saw EOS broke through the first major resistance level at $3.3424 and the second major resistance level at $3.4675.

Hitting reverse mid-afternoon, however, EOS fell back through the resistance levels to sub-$3.30 levels.

Finding late support, however, EOS broke back through the first major resistance level to end the day at $3.44 levels.

At the time of writing, EOS was down by 0.95% to $3.4100. A mixed start to the day saw EOS rise to an early morning high $3.4902 before falling to a low $3.3878.

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

For the day ahead

EOS would need to avoid a fall through the $3.3576 pivot level to support a run at the first major resistance level at $3.6863.

Support from the broader market would be needed, however, for EOS to break back through to $3.60 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $3.70 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $4.00. The second major resistance level sits at $3.9296.

Failure to avoid a fall through the pivot level at $3.3576 would bring the first major support level at $3.1143 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level sits at $2.7856.

Looking at the Technical Indicators

First Major Support Level: $3.1143

First Major resistance Level: 3.6863

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 1.92% on Sunday. Following on from 7.29% rally on Saturday, Stellar’s Lumen ended the week up by 25.5% to $0.3859.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3635 before making a move.

Steering clear of the first major support level at $0.3442, Stellar’s Lumen rallied to an early afternoon intraday high $0.4234.

Stellar’s Lumen broke through the first major resistance level at $0.4053 before sliding back to $0.36 levels.

Finding late afternoon support, however, Stellar’s Lumen recovered to $0.38 levels to deliver the upside on the day.

At the time of writing, Stellar’s Lumen was up by 0.13% to $0.3864. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3812 before striking a high $0.3980.

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 $0.3909 pivot to bring the first major resistance level at $0.4184 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.41 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.42 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4508.

Failure to move back through the $0.3909 pivot would bring the first major support level at $0.3585 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.35 levels. The second major support level sits at $0.3310.

Looking at the Technical Indicators

First Major Support Level: $0.3585

First Major Resistance Level: $0.4184

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 1.13% on Sunday. Partially reversing a 2.86% loss from Saturday, Tron’s TRX ended the week up by 13.64% to $0.03575.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.03799 before making a move.

Steering clear of the first major support level at $0.0332, Tron’s TRX rose to an early afternoon intraday high $0.03799.

Tron’s TRX broke through the first major resistance level at $0.03502 before a slide back to $0.034 levels.

Finding late support, however, Tron’s TRX broke back through the first major resistance level to end the day at $0.0357 levels.

At the time of writing, Tron’s TRX was down by 0.82% to $0.03604. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03681 before falling to a low $0.03562.

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

For the Day Ahead

Tron’s TRX need to avoid a fall back through the $0.03584 pivot to bring the first major resistance level at $0.03790 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.037 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.03799 would likely cap any upside.

In the event of an extended rally Tron’s TRX could resistance at $0.040 before any pullback. The second major resistance level sits at $0.04004.

Failure to avoid a fall back through the $0.03584 pivot would bring the first major support level at $0.03370 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.033 levels. The second major support level sits at $0.03164.

Looking at the Technical Indicators

First Major Support Level: $0.03370

First Major Resistance Level: $0.03790

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