EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 21st, 2021
Bob Mason
5 min read
EOS
EOS rose by 1.37% on Tuesday. Partially reversing a 9.48% slide from Monday, EOS ended the day at $6.7013.
A bearish start to the day saw EOS slide to an early morning intraday low $5.7344.
EOS fell through the first major support level at $6.2091 and the second major support level at $5.8129.
The sell-off also saw EOS fall through the 23.6% FIB of $6.52 before rallying to a late intraday high $6.8826.
While falling short of the first major resistance level at $7.2825, EOS broke back through the 23.6% FIB to end the day at $6.70 levels.
At the time of writing, EOS was down by 0.47% to $6.6697. A mixed start to the day saw EOS rise to an early morning high $6.8789 before falling to a low $6.6580.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the 23.6% FIB of $6.52 and the $6.4394 pivot level to support a run at the first major resistance level at $7.1445.
Support from the broader market would be needed, however, for EOS to break back through to $7.00 levels.
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 $8.00 before any pullback. The second major resistance level sits at $7.5876.
Failure to avoid a fall through the 23.6% FIB of $6.52 and the $6.4394 pivot would bring the first major support level at $5.9963 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $5.2912.
Looking at the Technical Indicators
First Major Support Level: $5.9963
First Major resistance Level: $7.1445
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 5.65% on Tuesday. Partially reversing an 8.33% slide from Monday, Stellar’s Lumen ended the day at $0.5290.
A bearish start to the day saw Stellar’s Lumen slide to a mid-morning intraday low $0.4690 before making a move.
Stellar’s Lumen fell through the first major support level at $0.4724 before rallying to a late intraday high $0.5312.
Falling short of the first major resistance level at $0.5480, Stellar’s Lumen eased back to end the day at sub-$0.53 levels. The 23.6% FIB of $0.5342 had pinned Stellar’s Lumen back late in the day.
At the time of writing, Stellar’s Lumen was down by 1.48% to $0.5212. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.5387 before falling to a low $0.5208.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid the pivot level at $0.5097 to bring the 23.6% FIB of $0.5342 first major resistance level at $0.5505 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break out from $0.54 levels.
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 $0.5719 and resistance at $0.60.
Failure to avoid a fall through the $0.5097 pivot would bring the first major support level at $0.4883 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.45 levels. The second major support level sits at $0.4475.
Looking at the Technical Indicators
First Major Support Level: $0.4883
First Major Resistance Level: $0.5505
23.6% FIB Retracement Level: $0.5342
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX
Tron’s TRX rose by 2.31% on Tuesday. Partially reversing an 8.82% slide from Monday, Tron’s TRX ended the day at $0.1328.
A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.1165 before making a move.
The sell-off saw Tron’s TRX fall through the first major support level at $0.1236.
Finding support at the second major support level at $0.1170 and the 38.2% FIB of $0.1167, Tron’s TRX rallied to a late intraday high $0.1354.
Falling short of the first major resistance level at $0.1430, Tron’s TRX eased back to end the day at $0.1320 levels.
At the time of writing, Tron’s TRX was down by 0.22% to $0.1325. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1359 before falling to a low $0.1318.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid the $0.1282 pivot to bring the first major resistance level at $0.1400 and the 23.6% FIB of $0.1426 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back out from this morning’s high $0.1359.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at $0.15 before any pullback. The second major resistance level sits at $0.1471.
Failure to avoid a fall through the $0.1282 pivot would bring the first major support level at $0.1211 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of the second major support level at $0.1093. The 38.2% FIB of $0.1167 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.1211
First Major Resistance Level: $0.1400
23.6% FIB Retracement Level: $0.1426
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
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