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


For the day ahead

Stellar’s Lumen would need to avoid a fall through the pivot level at $0.5433 to bring the first major resistance level at $0.5736 back into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.5730 levels.

Barring an extended crypto rally, the first major resistance level and morning high $0.5733 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.5909.

Failure to avoid a fall through the $0.5433 pivot would bring 23.6% FIB of $0.5342 and the first major support level at $0.5260 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.50 levels. The second major support level sits at $0.4957.

Looking at the Technical Indicators

First Major Support Level: $0.5260

First Major Resistance Level: $0.5736

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX fell by 2.51% on Sunday. Following on from a 0.76% fall on Saturday, Tron’s TRX ended the week up by 25.85% to $0.1280.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1328 before hitting reverse.

Falling short of the first major resistance level at $0.1345, Tron’s TRX slid to an early morning intraday low $0.1250.

The reversal saw Tron’s TRX fall through the first major support level at $0.1277.

Steering clear of sub-$0.12 support levels, Tron’s TRX revisited $0.129 levels before easing back.

At the time of writing, Tron’s TRX was up by 2.74% to $0.1315. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1252 before rising to a high $0.1335.

Tron’s TRX broke through the first major resistance level at $0.1322 early on.



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