EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 12th, 2021
EOS
EOS rose by 2.67% on Sunday. Partially reversing a 5.89% slide from Saturday, EOS ended the week up by 0.25% to $4.0747.
A mixed start to the day saw EOS fall an early morning low $3.8361 before making a move.
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Steering clear of the first major support level at $3.7497, EOS rose to an early afternoon intraday high $4.1751.
Falling short of the first major resistance level at $4.93066, EOS eased back to end the day at sub-$4.10 levels.
At the time of writing, EOS was up by 5.04% to $4.2814. A bullish start to the day saw EOS rise from an early morning low $4.0313 to a high $4.3957.
EOS broke through the first major resistance level at $4.2212 and the second major resistance level at $4.3676 early on.
For the day ahead
EOS would need to avoid a fall back through the first major resistance level at $4.2212 to bring the second major resistance level at $4.3676 back into play.
Support from the broader market would be needed for EOS to break back through to $4.30 levels.
Barring a broad-based crypto rally, the second major resistance level and morning high $4.3957 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.50. The third major resistance level sits at $4.7066.
A fall back through the first major resistance level and the $4.0286 pivot would bring the first major support level at $3.8822 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.6896.
Looking at the Technical Indicators
First Major Support Level: $3.8822
First Major resistance Level: $4.2212
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 0.45% on Sunday. Reversing a 0.29% loss from Saturday, Stellar’s Lumen ended the week down by 8.25% to $0.2460.
A bearish start saw Stellar’s Lumen fall to an early morning intraday low $0.2403 before making a move.
Steering clear of the first major support level at $0.2378, Stellar’s Lumen rallied to a late intraday high $0.2479.
Falling short of the first major resistance level at $0.2524, however, Stellar’s Lumen eased back to sub-$0.2470 levels.
At the time of writing, Stellar’s Lumen was up by 0.63% to $0.2475. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2451 before rising to a high $0.2487.
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 $0.2447 pivot to bring the first major resistance level at $0.2492 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.2487.
Barring an extended rally, the first major resistance level and resistance at $0.25 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.2523.
A fall through the pivot would bring the first major support level at $0.2416 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.2371.
Looking at the Technical Indicators
First Major Support Level: $0.2416
First Major Resistance Level: $0.2492
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 0.51% on Sunday. Partially reversing a 1.43% fall from Saturday, Tron’s TRX ended the week down by 8.54% to $0.06165.
A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06040 before making a move.
Steering clear of the first major support level at $0.06018, Tron’s TRX rose to a late intraday high $0.06280.
Coming up against the first major resistance level at $0.06276, Tron’s TRX fell back to end the day at sub-$0.062 levels.
At the time of writing, Tron’s TRX was up by 0.25% to $0.06181. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06165 before rising to a high $0.06223.
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 $0.06162 pivot to bring the first major resistance level at $0.06283 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.06280 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.06280 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.065. The second major resistance level sits at $0.06402.
A fall through the $0.06162 pivot would bring the first major support level at $0.06043 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05922.
Looking at the Technical Indicators
First Major Support Level: $0.06043
First Major Resistance Level: $0.06283
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