EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 18th, 2021

EOS

EOS rose by 0.57% on Wednesday. Following on from a 6.65% rally on Tuesday, EOS ended the day at $4.0878.

A bearish start to the day saw EOS fall to a late morning intraday low $3.8317 before making a move.

Steering clear of the first major support level at $3.7557, EOS rallied to a late intraday high $4.1123.

Falling short of the first major resistance level at $4.2668, EOS eased back to end the day at sub-$4.10 levels.

At the time of writing, EOS was up by 0.64% to $4.1139. A mixed start to the day saw EOS fall to an early morning low $4.0588 before rising to a high $4.1501.

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

For the day ahead

EOS would need to avoid a fall through the $4.0106 pivot level to support a run at the first major resistance level at $4.1895.

Support from the broader market would be needed, however, for EOS to break out from the morning high $4.1501.

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 before any pullback. The second major resistance level sits at $4.2912.

Failure to avoid a fall through the $4.0106 pivot would bring the first major support level at $3.9089 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.7300.

Looking at the Technical Indicators

First Major Support Level: $3.9089

First Major resistance Level: $4.1895

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 1.74% on Wednesday. Following on from a 2.94% gain on Tuesday, Stellar’s Lumen ended the day at $0.4027.

A mixed start to the day saw Stellar’s Lumen fall to a late morning intraday low $0.3869.

While steer clear of the first major support level at $0.3752, Stellar’s Lumen found support at the 38.2% FIB of $0.3864.

An afternoon bounce back saw Stellar’s Lumen strike a late intraday high $0.4055 before easing back.

While falling short of the first major resistance level at $0.4138, Stellar’s Lumen broke back through the 38.2% FIB to end the day at $0.40 levels.

At the time of writing, Stellar’s Lumen was down by 0.44% to $0.4010. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4078 before falling to a low $0.4000.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall through the pivot level at $0.3984 to bring the first major resistance level at $0.4098 back into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from this morning’s high $0.4078.

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

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.42 before any pullback. The second major resistance level sits at $0.4170.

Failure to avoid a fall through the $0.3983 pivot would bring the first major support level at $0.3912 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3798. The 38.2% FIB of $0.3864 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3912

First Major Resistance Level: $0.4098

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 rallied by 4.60% on Wednesday. Following on from a 2.33% gain on Tuesday, Tron’s TRX ended the day at $0.05478.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.05150 before making a move.

Steering clear of the first major support level at $0.04941, Tron’s TRX rallied to a late morning intraday high $0.05625.

Tron’s TRX broke through the first major resistance level at $0.05433.

Coming up against the second major resistance level at $0.05630, Tron’s TRX slid back to sub-$0.052 levels before a late rally.

The late rally saw Tron’s TRX break back through the first major resistance level to end the day at $0.0547 levels.

At the time of writing, Tron’s TRX was down by 0.81% to $0.05434. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05599 before falling to a low $0.05345.

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 pivot level at $0.05418 to bring the first major resistance level at $0.05685 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.056 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.05625 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.060 before any pullback. The second major resistance level sits at $0.05893.

Failure to avoid a fall back through the $0.05418 pivot would bring the first major support level at $0.05210 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.049 levels. The second major support level at $0.04943 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.05210

First Major Resistance Level: $0.05685

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