EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 28th, 2020

In This Article:

EOS

EOS rallied by 4.02% on Sunday. Reversing a 2.05% decline from Saturday, EOS ended the week down by 13.41% to $2.7152.

A mixed start to the day saw EOS slide to a late morning intraday low $2.4397 before making a move.

EOS fell through the first major support level at $2.4838 before striking a mid-afternoon intraday high $2.8857.

The rally saw EOS break through the first major resistance level at $2.7189 and the second major resistance level at $2.8281.

A second sell-off, however, saw EOS fall through the resistance levels to sub-$2.70 levels before finding support.

EOS broke back through the first major resistance level before falling back to end the day at $2.715 levels.

At the time of writing, EOS was up by 0.61% to $2.7317. A mixed start to the day saw EOS fall to an early morning low $2.6106 before rising to a high $2.8531.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid a fall through the $2.6802 pivot level to support a run at the first major resistance level at $2.9207.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.8857.

Barring an extended crypto rally, the first major resistance level and resistance at $3.00 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $3.1262 before any pullback.

Failure to avoid a fall through the pivot level at $2.6802 would bring the first major support level at $2.4747 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.40 levels, however. The second major support level sits at $2.2342.

Looking at the Technical Indicators

First Major Support Level: $2.4747

First Major resistance Level: $2.9207

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 1.15% on Sunday. Following on from a 3.74% slide on Saturday, Stellar’s Lumen ended the week down by 17.9% to $0.14501.

A mixed morning saw Stellar’s Lumen slide from an early morning high $0.1486 to a mid-day intraday low $0.1341.

The reversal saw Stellar’s Lumen fall through the first major support level at $0.1418 and the second major support level at $0.1369.

Steering clear of the 38.2% FIB of $0.1333, Stellar’s Lumen rallied to a late afternoon intraday high $0.1555.

Stellar’s Lumen broke through the first major resistance level at $0.1536 before falling back to sub-$0.15 levels and into the red.

At the time of writing, Stellar’s Lumen was up by 1.93% to $0.1478. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.14249 before rising to a high $0.14828.