EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 26th, 2021
EOS
EOS slipped by 0.25% on Sunday. Partially reversing a 0.95% gain from Saturday, EOS ended the week up by 0.75% to $3.6633.
A mixed start to the day saw EOS rise to an early morning intraday high $3.6982 before hitting reverse.
Falling short of the first major resistance level at $3.7417, EOS fell to an early afternoon intraday low $3.5526.
EOS fell through the first major support level at $3.6060 before a partial recovery to $3.66 levels.
At the time of writing, EOS was up by 2.14% to $3.7418. A mixed start to the day saw EOS fall to an early morning low $3.6429 before rising to a high $3.7478.
EOS broke through the first major resistance level at $3.7235 early on.
For the day ahead
EOS would need to avoid a fall back through the first major resistance level at $3.7235 to bring $3.80 levels into play.
Support from the broader market would be needed for EOS to out from the second major resistance level at $3.7836.
Barring an extended crypto rally, the second major resistance level and resistance at $3.80 would likely cap any upside.
In the event of an extended rally, EOS could test the third major resistance level sits at $3.9292.
A fall back through the first major resistance level and through the $3.6380 pivot would bring the first major support level at $3.5779 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4924.
Looking at the Technical Indicators
First Major Support Level: $3.5779
First Major resistance Level: 3.7235
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 2.02% on Sunday. Following a 0.82% loss on Saturday, Stellar’s Lumen ended the week up by 13.94% to $0.2618.
A mixed start saw Stellar’s Lumen rise to an early morning intraday high $0.2676 before hitting reverse.
Falling short of the first major resistance level at $0.2728, Stellar’s Lumen fell to an early afternoon intraday low $0.2537.
Stellar’s Lumen fell through the first major support level at $0.2611 and the second major support level at $0.2551.
Finding late support, however, Stellar’s Lumen moved back through the major support levels to end the day at $0.2618 levels.
At the time of writing, Stellar’s Lumen was up by 2.18% to $0.2675. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2603 before rising to a high $0.2680.
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 $0.2610 pivot to bring the first major resistance level at $0.2684 back into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.2680.
Barring an extended rally, the first major resistance level and resistance at $0.27 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.2850 before any pullback. The second major resistance level sits at $0.2749.
A fall through the $0.2610 pivot would bring the first major support level at $0.2545 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level sits at $0.2471.
Looking at the Technical Indicators
First Major Support Level: $0.2545
First Major Resistance Level: $0.2684
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 0.85% on Sunday. Following a 2.49% gain on Saturday, Tron’s TRX ended the week up by 3.87% to $0.05810.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.05560 before making a move.
Tron’s TRX fell through the first major support level at $0.05603 before rising to a mid-day intraday high $0.05835.
Falling short of the first major resistance level at $0.05863, however, Tron’s TRX fell back to $0.056 levels and into the red.
Finding late support, Tron’s TRX moved back through to $0.058 levels to end the day in positive territory.
At the time of writing, Tron’s TRX was up by 0.94% to $0.05865. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05752 before rising to a high $0.05940.
Tron’s TRX broke through the first major resistance level at $0.05910 early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall through the $0.05735 pivot to bring the first major resistance level at $0.05910 back into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.0590 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test resistance at $0.062 levels. The second major resistance level sits at $0.06010.
A fall through the $0.05735 pivot would bring the first major support level at $0.05635 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05460.
Looking at the Technical Indicators
First Major Support Level: $0.05635
First Major Resistance Level: $0.05910
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
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