EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 29th, 2021
EOS
EOS rallied by 4.15% on Wednesday. Following a 2.31% gain on Tuesday, EOS ended the day at $3.9186.
A mixed start to the day saw EOS fall to a mid-morning intraday low $3.6852 before making a move.
Steering clear of the first major support level at $3.6471, EOS rallied to a late morning intraday high $4.0191.
EOS broke through the first major resistance level at $3.8344 and the second major resistance level at $3.9060.
Falling short of the third major resistance level at $4.0933, however, EOS fell back through the resistance levels before a late rebound.
Late in the day, EOS broke back through the first and second major resistance levels to end the day at $3.91 levels.
At the time of writing, EOS was down by 2.64% to $3.8151. A mixed start to the day saw EOS rise to an early morning high $3.9436 before falling to a low $3.8079.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $3.8743 pivot to bring the first major resistance level at $4.0634 into play.
Support from the broader market would be needed for EOS to break out from Wednesday’s high $4.0191.
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 $4.15. The second major resistance level sits at $4.20282.
Failure to move back through the $3.8743 pivot would bring the first major support level at $3.7295 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.5404.
Looking at the Technical Indicators
First Major Support Level: $3.7295
First Major resistance Level: 4.0634
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 2.70% on Wednesday. Following a 1.00% gain on Tuesday, Stellar’s Lumen ended the at $0.2701.
A mixed start saw Stellar’s Lumen fall to a mid-morning intraday low $0.2582 before making a move.
Steering clear of the first major support level at $0.2528, Stellar’s Lumen rallied to a late morning intraday high $0.2816 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.2718 and the second major resistance level at $0.2806.
The reversal saw Stellar’s Lumen slide back through the major resistance levels to sub-$0.27 before ending the day at $0.27 levels.
At the time of writing, Stellar’s Lumen was down by 2.84% to $0.2624. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2708 before falling to a low $0.2621.
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 $0.2700 pivot to bring the first major resistance level at $0.2817 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.28 levels.
Barring an extended rally, the first major resistance level and Wednesday’s high $0.2816 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2934.
Failure to move back through the $0.2700 pivot would bring the first major support level at $0.2583 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 $0.2466.
Looking at the Technical Indicators
First Major Support Level: $0.2583
First Major Resistance Level: $0.2817
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 1.37% on Wednesday. Following a 2.60% gain on Tuesday, Tron’s TRX ended the day at $0.06084.
After a mixed start to the day, Tron’s TRX rose to a late morning intraday high $0.06225 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.06186 before sliding to a late afternoon intraday low $0.05937.
Steering clear of the first major support level at $0.05746, however, Tron’s TRX broke back through to $0.060 levels to end the day in positive territory.
At the time of writing, Tron’s TRX was down by 2.33% to $0.05942. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06123 before falling to a low $0.05888.
Tron’s TRX tested the first major support level at $0.05939 early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.06082 pivot to bring the first major resistance level at $0.06227 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.062 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.06225 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06370.
Failure to move back through the $0.06082 pivot would bring the first major support level at $0.05939 back into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05794.
Looking at the Technical Indicators
First Major Support Level: $0.05939
First Major Resistance Level: $0.06227
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
