EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 30th, 2021
EOS
EOS rose by 1.11% on Sunday. Partially reversing a 1.58% decline from Saturday, EOS ended the week down by 6.48% to $5.0656.
A mixed start to the day saw EOS rise to an early morning intraday high $5.2848 before hitting reverse.
EOS broke through the first major resistance level at $5.1172 before sliding to a mid-afternoon intraday low $4.9796.
Steering clear of the first major support level at $4.8944, however, EOS revisited $5.15 levels before easing back,
At the time of writing, EOS was down by 0.67% to $5.0317. A mixed start to the day saw EOS rise to an early morning high $5.0805 before falling to a low $5.0162.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $5.1100 pivot to bring the first major resistance level at $5.2404 into play.
Support from the broader market would be needed to break back through to $5.20 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $5.2848 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.50 before any pullback. The second major resistance level sits at $5.4152.
Failure to move through the $5.1100 pivot would bring the first major support level at $4.9352 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.80 levels. The second major support level at $4.8048 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.9352
First Major resistance Level: $5.2404
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 1.32% on Sunday. Following a 2.58% decline on Saturday, Stellar’s Lumen ended the week down by 7.91% to $0.3433.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3536 before hitting reverse.
Falling short of the first major resistance level at $0.3577, Stellar’s Lumen fell to an early morning intraday low $0.3412.
Steering clear of the first major support level at $0.3405, however, Stellar’s Lumen revisited $0.35 levels before easing back.
At the time of writing, Stellar’s Lumen was up by 0.47% to $0.3449. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3421 before rising to a high $0.3450.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.3460 pivot to bring the first major resistance level at $0.3509 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.35 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.3536 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.36 before any pullback. The second major resistance level sits at $0.3584.
Failure to move through the $0.3460 pivot would bring the 23.6% FIB of $0.3402 and the first major support level at $0.3385 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3336.
Looking at the Technical Indicators
First Major Support Level: $0.3385
First Major Resistance Level: $0.3509
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 fell by 0.25% on Sunday. Following a 0.79% gain on Saturday, Tron’s TRX ended the week up by 0.68% to $0.08833.
A mixed start to the day saw Tron’s TRX rally to an early morning intraday high $0.09064 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.08969 before falling to an early morning intraday low $0.08661.
Tron’s TRX fell through the first major support level at $0.08677 before revisiting $0.090 levels.
After a choppy second half of the day, Tron’s TRX recovered from a second fall to $0.086 levels to end the day at $0.088 levels.
At the time of writing, Tron’s TRX was up by 0.28% to $0.08858. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08797 before rising to a high $0.08900.
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 $0.08853 pivot to bring the first major resistance level at $0.09044 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.090 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.09064 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.095 before any pullback. The second major resistance level sits at $0.09256.
A fall back through the $0.08853 pivot would bring the first major support level at $0.08641 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.085 levels. The second major support level sits at $0.08450.
Looking at the Technical Indicators
First Major Support Level: $0.08641
First Major Resistance Level: $0.09044
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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Thanks, Bob
This article was originally posted on FX Empire