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

EOS

EOS rallied by 7.48% on Wednesday. Reversing a 5.10% slide Tuesday, EOS ended the day at $3.5028.

A bearish start to the day saw EOS slide to an early morning intraday low $3.2062 before making a move.

Steering clear of the first major support level at $3.0940, EOS rallied to a late intraday high $3.5725.

EOS broke through the first major resistance level at $3.4851 to end the day at $3.50 levels.

At the time of writing, EOS was down by 0.97% to $3.4687. A mixed start to the day saw EOS rise to an early morning high $3.5524 before falling to a low $3.4467.

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

For the day ahead

EOS would need to avoid the $3.4272 pivot to bring the first major resistance level at $3.6481 into play.

Support from the broader market would be needed for EOS to break out from Wednesday’s high $3.5725.

Barring a broad-based crypto rally, the first major resistance level and resistance at $3.65 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $3.70 levels. The second major resistance level sits at $3.7935.

A fall through the $3.4272 pivot would bring the first major support level at $3.2818 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level at $3.0609 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3.2818

First Major resistance Level: 3.6481

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 rallied by 7.69% on Wednesday. Following a 0.24% gain on Tuesday, Stellar’s Lumen ended the day at $0.2283.

A bearish start saw Stellar’s Lumen fall to an early morning intraday low $0.2068 before making a move.

Steering clear of the first major support level at $0.2022, Stellar’s Lumen rallied to a late intraday high $0.2299.

Stellar’s Lumen broke through the first major resistance level at $0.2186 and the second major resistance level at $0.2252 to end the day at $0.229 levels.

At the time of writing, Stellar’s Lumen was down by 1.26% to $0.2254. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2307 before falling to a low $0.2246.

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 $0.2217 pivot to bring the first major resistance level at $0.2365 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.2307.

Barring an extended rally, the first major resistance level and resistance at $0.24 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.25 before any pullback. The second major resistance level sits at $0.2448.

A fall through the $0.2217 pivot would bring the first major support level at $0.2134 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.20 levels. The second major support level sits at $0.1986.

Looking at the Technical Indicators

First Major Support Level: $0.2134

First Major Resistance Level: $0.2365

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 7.23% on Wednesday. Reversing a 5.61% slide from Tuesday, Tron’s TRX ended the day at $0.05399.

A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.04956 before making a move.

Steering clear of the first major support level at $0.04803, Tron’s TRX rallied to a late afternoon intraday high $0.05544.

Tron’s TRX broke through the first major resistance level at $0.05359 before a late pullback.

The late pullback saw Tron’s TRX briefly fall back through the first major resistance level before ending the day at $0.0539 levels.

At the time of writing, Tron’s TRX was down by 1.53% to $0.05316. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05440 before falling to a low $0.05293.

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 $0.0530 pivot to bring the first major resistance level at $0.05643 into play.

Support from the broader market would be needed, however, for Tron’s TRX to breakout from Wednesday’s high $0.05544.

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 $0.058 levels. The second major resistance level sits at $0.05888.

A fall back through the $0.05300 pivot would bring the first major support level at $0.05055 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04712.

Looking at the Technical Indicators

First Major Support Level: $0.05055

First Major Resistance Level: $0.05643

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