EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 18th, 2021


For the day ahead

Stellar’s Lumen would need to move through the 23.6% FIB of $0.3402 and the $0.3549 pivot to bring the first major resistance level at $0.3702 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.37 levels.

Barring an extended rally, the first major resistance level and Tuesday’s high at $0.3839 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.3993.

Failure to move through the 23.6% FIB of $0.3402 and the $0.3549 pivot would bring the first major support level at $0.3258 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3105.

Looking at the Technical Indicators

First Major Support Level: $0.3258

First Major Resistance Level: $0.3702

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 4.69% on Tuesday. Following a 3.82% fall on Monday, Tron’s TRX ended the day at $0.08534.

A mixed start to the day saw Tron’s TRX rise to a midday intraday high $0.09253 before hitting reverse.

Falling short of the first major resistance level at $0.09497, Tron’s TRX slid to a late intraday low $0.08443.

The sell-off saw Tron’s TRX fall through the first major support level at $0.08617 to end the day at $0.085 levels.

At the time of writing, Tron’s TRX was down by 1.36% to $0.08378. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.08615 before falling to a low $0.08378.

Tron’s TRX left the major support and resistance levels untested early on.



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