EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 21st, 2021
EOS
EOS fell by 5.10% on Tuesday. Following a 5.54% slide on Monday, EOS ended the day at $3.2593.
A mixed start to the day saw EOS rise to an early morning intraday high $3.5457 before hitting reverse.
Falling short of the first major resistance level at $3.6092, EOS slid to an early morning intraday low $3.1546.
EOS fell through the first major support level at $3.3319 and the second major support level at $3.2294.
Steering clear of sub-$3.00 levels, EOS broke back through the second major support level to end the day at $3.32 levels.
At the time of writing, EOS was down by 1.40% to $3.2138. A mixed start to the day saw EOS rise to an early morning high $3.2743 before falling to a low $3.2075.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $3.3199 pivot to bring the first major resistance level at $3.4851 into play.
Support from the broader market would be needed for EOS to break back through to $3.40 levels.
Barring a broad-based crypto rally, the first major resistance level and resistance at $3.50 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $3.80 levels. The second major resistance level sits at $3.7110.
Failure to move through the $3.3199 pivot would bring the first major support level at $3.0940 into play.
Barring another extended sell-off, however, EOS should steer clear of the second major support level at $2.9288.
Looking at the Technical Indicators
First Major Support Level: $3.0940
First Major resistance Level: $3.4851
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 0.24% on Tuesday. Following an 8.13% slide from Monday, Stellar’s Lumen ended the day at $0.2120.
A mixed start saw Stellar’s Lumen fall to a late morning intraday low $0.1990 before making a move.
Stellar’s Lumen fell through the first major support level at $0.2042 before rising to a late intraday high $0.2154.
Falling short of the first major resistance level at $0.2247, Stellar’s Lumen eased back to limit the upside on the day.
At the time of writing, Stellar’s Lumen was down by 1.94% to $0.2079. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2139 before falling to a low $0.2077.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through the $0.2088 pivot to bring the first major resistance level at $0.2186 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to move back through to $0.21 levels.
Barring an extended rally, the first major resistance level and resistance at $0.22 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.23 before any pullback. The second major resistance level sits at $0.2252.
Failure to move back through the $0.2088 pivot would bring the first major support level at $0.2022 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.1924.
Looking at the Technical Indicators
First Major Support Level: $0.2022
First Major Resistance Level: $0.2186
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 slid by 5.61% on Tuesday. Following a 4.65% loss on Monday, Tron’s TRX ended the day at $0.05035.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05450 before hitting reverse.
Falling short of the first major resistance level at $0.05544, Tron’s TRX slid to a late morning intraday low $0.04894.
Tron’s TRX fell through the first major support level at $0.05220 and the second major support level at $0.05105.
Steering clear of sub-$0.48 levels, however, Tron’s TRX briefly moved back through the second major support level before ending the day at sub-$0.051 levels.
At the time of writing, Tron’s TRX was down by 0.76% to $0.04997. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05078 before falling to a low $0.04968.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move through the $0.05126 pivot to bring the first major resistance level at $0.05359 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.053 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.054 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 $0.05682.
Failure to move through the $0.05126 pivot would bring the first major support level at $0.04803 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04570.
Looking at the Technical Indicators
First Major Support Level: $0.04803
First Major Resistance Level: $0.05359
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