EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 1st, 2021
EOS
EOS rose by 4.61% on Tuesday. Partially reversing a 4.90% slide from Monday, EOS ended the month up by 23.67% to $5.0393.
A mixed start to the day saw EOS fall to an early morning intraday low $4.7536 before making a move.
Steering clear of the first major support level at $4.7196, EOS rallied to a late afternoon intraday high $5.1004.
EOS broke through the first major resistance level at $4.9978 to end the day at $5.0 levels.
At the time of writing, EOS was down by 0.47% to $5.0158. A mixed start to the day saw EOS rise to an early morning high $5.0679 before falling to a low $4.9853.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.9644 pivot to bring the first major resistance level at $5.1753 into play.
Support from the broader market would be needed to break back through to $5.10 levels.
Barring an extended crypto rally, the first major resistance level and would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.30 before any pullback. The second major resistance level sits at $5.3112.
A fall through the $4.9644 pivot would bring the first major support level at $4.8285 into play.
Barring an extended sell-off, however, EOS should steer clear of the second major support level at $4.6176.
Looking at the Technical Indicators
First Major Support Level: $4.8285
First Major resistance Level: $5.1753
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 2.82% on Tuesday. Partially reversing a 3.90% fall from Monday, Stellar’s Lumen ended the month up by 19.16% to $0.3392.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3270 before making a move.
Steering clear of the first major support level at $0.3236, Stellar’s Lumen rallied to a late afternoon intraday high $0.3564.
Stellar’s Lumen broke through the first major resistance level at $0.3412 and the second major resistance level at $0.3525.
More significantly, Stellar’s Lumen also broke through the 23.6% FIB of $0.3402 before a pullback to sub-$0.34 levels.
At the time of writing, Stellar’s Lumen was up by 0.24% to $0.3401. A mixed start to the day saw fall to an early morning low $0.3381 before rising to a high $0.3426.
While Stellar’s Lumen left the major support and resistance levels untested early on, Stellar’s Lumen tested resistance at the 23.6% FIB of $0.3402.
For the day ahead
Stellar’s Lumen would need to move back through the 23.6% FIB and the $0.3409 pivot to bring the first major resistance level at $0.3547 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 Tuesday’s high $0.3564 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.37 before any pullback. The second major resistance level sits at $0.3703.
Failure to move back through the 23.6% FIB and the $0.3409 pivot would bring the first major support level at $0.3253 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3115.
Looking at the Technical Indicators
First Major Support Level: $0.3253
First Major Resistance Level: $0.3547
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 rose by 2.47% on Tuesday. Reversing a 2.09% fall from Monday, Tron’s TRX ended the month up by 37.80% to $0.08862.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08474 before making a move.
Finding support at the first major support level at $0.08482, Tron’s TRX rallied to a late afternoon intraday high $0.09115.
Tron’s TRX broke through the first major resistance level at $0.08865 and the second major resistance level at $0.09082.
A choppy end to the day, however, saw Tron’s TRX fall back through the major resistance levels to sub-$0.88 levels before ending the day at $0.0886 levels. The first major resistance level at $0.08865 pinned Tron’s TRX back late in the day.
At the time of writing, Tron’s TRX was up by 0.21% to $0.08881. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.08943 before falling to a low $0.08825.
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 $0.08817 pivot to bring the first major resistance level at $0.09160 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.091 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.09115 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 $0.09458.
A fall through the $0.08817 pivot would bring the first major support level at $0.08519 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.080 levels. The second major support level at $0.08176 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.08519
First Major Resistance Level: $0.09160
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