EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 19th, 2021


For the day ahead

Stellar’s Lumen would need to avoid the pivot level at $0.5355 and the 23.6% FIB to bring the first major resistance level at $0.6119 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.60 levels.

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

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.65. The second major resistance level sits at $0.6778.

A fall through the $0.5355 pivot and the 23.6% FIB of $0.5342 would bring the first major support level at $0.4695 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.40 levels. the second major support level sits at $0.3931.

Looking at the Technical Indicators

First Major Support Level: $0.4695

First Major Resistance Level: $0.6119

23.6% FIB Retracement Level: $0.5342

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX slid by 7.72% on Sunday. Following on from a 3.42% decline from Saturday, Tron’s TRX ended the week up by 17.91% to $0.1435.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1577 before hitting reverse.

Falling short of the first major resistance level at $0.1739, Tron’s TRX slid to an early morning intraday low $0.1206.

Tron’s TRX fell through the first major support level at $0.1446 and the second major support level at $0.1338.

The sell-off also saw Tron’s TRX slide through the 23.6% FIB of $0.1426 before finding support.

Through the afternoon, Tron’s TRX broke back through the major support levels and the 23.6% FIB to visit $0.145 levels.

A bearish end to the day, however, saw Tron’s TRX fall back through the first major support level at $0.1446 to end the day at sub-$0.144 levels.

At the time of writing, Tron’s TRX was up by 1.29% to $0.1454. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1379 before rising to a high $0.1497.

While leaving the major support and resistance levels untested early on, Tron’s TRX briefly fell through the 23.6% FIB.



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