EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 9th, 2021

EOS rose by 2.08% on Monday. Following on from a 2.92% gain on Sunday, EOS ended the day at $3.9059.

A bullish start to the day saw EOS rise to an early morning intraday high $3.9378 before hitting reverse.

EOS broke through the first major resistance level at $3.8999 before sliding to a late morning intraday low $3.7208.

The reversal saw EOS fall through the first major support level at $3.7367 before finding late support.

EOS broke back through the first major resistance level at $3.8999 to wrap up the day at $3.90 levels.

At the time of writing, EOS was up by 0.19% to $3.9131. A mixed start to the day saw EOS rise to an early morning high $4.0173 before falling to a low $3.7441.

EOS broke through the first major resistance level at $3.9889 early on before easing back.

For the day ahead

EOS would need to avoid a fall back through the $3.8548 pivot level to support another run at the first major resistance level at $3.9889.

Support from the broader market would be needed, however, for EOS to break back through to $3.95 levels.

Barring an extended crypto rally, the first major resistance level and this morning’s high $4.0173 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.10 before any pullback. The second major resistance level sits at $4.0718.

Failure to avoid a fall back through the $3.8548 pivot would bring the first major support level at $3.7719 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.6378.

Looking at the Technical Indicators

First Major Support Level: $3.7719

First Major resistance Level: $3.9889

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 1.31% on Monday. Following on from a 2.74% gain on Sunday, Stellar’s Lumen ended the day at $0.4182.

A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.4218 before hitting reverse.

Falling short of the first major resistance level at $0.4228, Stellar’s Lumen slid to a late morning intraday low $0.4032.

Steering clear of the first major support level at $0.4022, Stellar’s Lumen found late support to end the day at $0.418 levels.

At the time of writing, Stellar’s Lumen was down by 0.07% to $0.4189. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4130 before rising to a high $0.4200.

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 $0.4144 to bring the first major resistance level at $0.4256 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Monday’s high $0.4218.

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 the second major resistance level at $0.4330.

Failure to avoid a fall back through the $0.4144 pivot would bring the first major support level at $0.4070 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.40 levels. The second major support level sits at $0.3958.

Looking at the Technical Indicators

First Major Support Level: $0.4044

First Major Resistance Level: $0.4256

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 1.89% on Monday. Following on from a 2.14% gain on Sunday, Tron’s TRX ended the day at $0.05295.

A choppy start to the day saw Tron’s TRX fall to a late morning intraday low $0.04981 before making a move.

Steering clear of the first major support level at $0.04909, Tron’s TRX rallied to a late intraday high $0.05403.

Tron’s TRX broke through the first major resistance level at $0.05370 before falling back to end the day at sub-$0.053 levels.

At the time of writing, Tron’s TRX was down by 1.14% to $0.05291. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05082 before rising to a high $0.05486.

Tron’s TRX tested the first major resistance level at $0.05472 early on.

For the Day Ahead

Tron’s TRX need to avoid a fall back through the pivot level at $0.05226 to bring the first major resistance level at $0.05472 back into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.054 levels.

Barring an extended crypto rally, the first major resistance level and morning high $0.05486 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.056 before any pullback. The second major resistance level sits at $0.05648.

Failure to avoid a fall back through the $0.05226 pivot would bring the first major support level at $0.05050 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.049 levels. The second major support level sits at $0.04804.

Looking at the Technical Indicators

First Major Support Level: $0.05050

First Major Resistance Level: $0.05472

23.6% FIB Retracement Level: $0.03211

38.2% FIB Retracement Level: $0.0428

62% FIB Retracement Level: $0.0648