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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…



Read More: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 21st, 2021

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