EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 14th, 2020
Bob Mason
6 min read
EOS
EOS rose by rose by 2.93% on Sunday. Following on from a 2.88% gain on Saturday, EOS ended the week down by 5.11% to $2.8475.
A bearish start to the day saw EOS fall to an early morning intraday low $2.7327 before making a move.
Steering clear of the first major support level at $2.6955, EOS rallied to a late afternoon intraday high $2.9036.
EOS broke through the first major resistance level at $2.8247 and the second major resistance level at $2.8798.
A bearish end to the day, however, saw EOS fall back through the second major resistance level to end the day at $2.84 levels.
At the time of writing, EOS was down by 1.02% to $2.8185. A mixed start to the day saw EOS rise to an early morning high $2.8536 before falling to a low $2.8166.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $2.8279 pivot level to support a run at the first major resistance level at $2.9232.
Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.9036.
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 $3.00 before any pullback. The second major resistance level sits at $2.9988.
Failure to move back through the pivot level at $2.8279 would bring the first major support level at $2.7523 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.70 levels. The second major support level sits at $2.6570.
Looking at the Technical Indicators
First Major Support Level: $2.7523
First Major resistance Level: $2.9232
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 rallied by 10.71% on Sunday. Following on from a 5.24% gain on Saturday, Stellar’s Lumen ended the week flat at $0.1760.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.15555 before making a move.
Steering clear of the first major support level at $0.15088, Stellar’s Lumen surged to a late intraday high $0.17970.
The extended rally saw Stellar’s Lumen break through the first major resistance level at $0.16597 and the second major resistance level at $0.17307.
A choppy end to the day saw Stellar’s Lumen briefly fall back through the second major resistance level before wrapping up the day at $0.176 levels.
At the time of writing, Stellar’s Lumen was down by 1.66% to $0.17308. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.17598 to a low $0.17308.
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 through the $0.17042 pivot level to support a run at the first major resistance level at $0.18529.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.18 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Stellar’s Lumen could test resistance at $0.19 before any pullback. The second major resistance level sits at $0.19457.
A fall through the pivot level at $0.17042 would bring the first major support level at $0.16114 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.15 levels. The second major support level sits at $0.14627.
Looking at the Technical Indicators
First Major Support Level: $0.16114
First Major Resistance Level: $0.18529
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX
Tron’s TRX rose by 2.57% on Sunday. Following on from a 2.32% gain on Saturday, Tron’s TRX ended the week down by 5.50% to $0.029127.
It was a mixed start to the day. Tron’s TRX fell to an early morning intraday low $0.028128 before making a move.
Steering clear of the first major support level at $0.02716, Tron’s TRX rallied to a late afternoon intraday high $0.029830.
Tron’s TRX broke through the 23.6% FIB of $0.0291 and the first major resistance level at $0.02971 before falling back to sub-$0.029 levels.
Finding late support, however, Tron’s TRX broke back through the 23.6% FIB to end the day at $0.02912 levels.
At the time of writing, Tron’s TRX was down by 0.76% to $0.028905. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.02930 before falling to a low $0.02871.
While leaving the major support and resistance levels untested early on, Tron’s TRX fell through the 23.6% FIB of $0.0291.
For the Day Ahead
Tron’s TRX would need to move back through the $0.02903 pivot and 23.6% FIB to support a run at the first major resistance level at $0.02993.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.02983.
Barring an extended crypto rally, the first major resistance level and resistance at $0.030 would likely cap any upside.
In the event of another breakout, the second major resistance level at $0.03073 would likely come into play.
Failure to move back through the $0.02903 pivot and 23.6% FIB would bring the first major support level at $0.02823 into play.
Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.028 levels. The second major support level sits at $0.02733.
Looking at the Technical Indicators
First Major Support Level: $0.02823
First Major Resistance Level: $0.02993
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
Please let us know what you think in the comments below
