EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 3rd, 2021


For the day ahead

Stellar’s Lumen would need to move back through the $0.2842 pivot to bring the first major resistance level at $0.2842 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 Monday’s high $0.2864 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 $0.2942.

Failure to move back through the $0.2764 pivot would bring the first major support level at $0.2664 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2586.

Looking at the Technical Indicators

First Major Support Level: $0.2664

First Major Resistance Level: $0.2842

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 3.21% on Monday. Reversing a 2.07% loss from Sunday, Tron’s TRX ended the day at $0.06502.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06198 before making a move.

Steering clear of the first major support level at $0.06121, Tron’s TRX rose to a late afternoon intraday high $0.06592.

Coming up against the first major resistance level at $0.06590, however, Tron’s TRX fell back to sub-$0.064 levels before finding late support.

At the time of writing, Tron’s TRX was down by 0.46% to $0.06470. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06362 before rising to a high $0.06605.

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



News Source

جواب چھوڑ دیں

براہ مہربانی اپنی رائے درج کریں!
اپنا نام یہاں درج کریں