EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 3rd, 2021

EOS

EOS fell by 1.09% on Tuesday. Partially reversing a 6.52% gain from Monday, EOS ended the day at $3.6727.

A mixed start to the day saw EOS rally to a late morning intraday high $3.8644 before hitting reverse.

EOS broke through the first major resistance level at $3.8507 before sliding to a late intraday low $3.5598.

Steering clear of the first major support level at $3.5090, EOS found support to end the day at $3.67 levels.

At the time of writing, EOS was up by 0.62% to $3.6954. A mixed start to the day saw EOS fall to an early morning low $3.6367 before rising to a high $3.7137.

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

For the day ahead

EOS would need to move back through the $3.6990 pivot level to support a run at the first major resistance level at $3.8381.

Support from the broader market would be needed, however, for EOS to break back through to $3.80 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $3.8644 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.00 before any pullback. The second major resistance level sits at $4.0036.

Failure to move back through the $3.6990 pivot would bring the first major support level at $3.5335 into play.

Barring an extended sell-off, however, EOS should steer clear of the second major support level at $3.3944.

Looking at the Technical Indicators

First Major Support Level: $3.5335

First Major resistance Level: $3.8381

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 fell by 2.78% on Tuesday. Partially reversing a 6.08% rally from Monday, Stellar’s Lumen ended the day at $0.4192.

A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4364 before hitting reverse.

Falling short of the first major resistance level ata $0.4449, Stellar’s Lumen fell to a late intraday low $0.3969.

The sell-off saw Stellar’s Lumen fall through the first major support level at $0.4093 before finding support.

A late move back through the first major support level to end the day at $0.419 levels.

At the time of writing, Stellar’s Lumen was down by 0.39% to $0.4176. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4120 before rising to a high $0.4203.

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 back through the pivot level at $0.4175 to bring the first major resistance level at $0.4381 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.43 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.4364 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4570 and resistance at $0.46.

Failure to avoid a fall back through the $0.4175 pivot would bring the first major support level at $0.3986 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3780.

Looking at the Technical Indicators

First Major Support Level: $0.3986

First Major Resistance Level: $0.4381

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 fell by 1.26% on Tuesday. Partially reversing a 4.22% gain from Monday, Tron’s TRX ended the day at $0.04706.

A choppy start to the day saw Tron’s TRX rise to an early afternoon intraday high $0.04947 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.04921 before sliding to a late intraday low $0.04519.

The sell-off saw Tron’s TRX fall through the first major support level at $0.04542 before finding support.

Late in the day, Tron’s TRX move back through to $0.047 levels to reduce the deficit on the day.

At the time of writing, Tron’s TRX was up by 1.14% to $0.04760. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.04624 before rising to a high $0.04779.

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 $0.04724 to bring the first major resistance level at $0.04929 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.049 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.04947 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.051 before any pullback. The second major resistance level sits at $0.05152.

Failure to avoid a fall back through the $0.04724 pivot would bring the first major support level at $0.04501 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04296 and the 38.2% FIB of $0.04280.

Looking at the Technical Indicators

First Major Support Level: $0.04501

First Major Resistance Level: $0.04929

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