EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 1st, 2021


For the day ahead

Stellar’s Lumen would need to move back through the 23.6% FIB and the $0.3409 pivot to bring the first major resistance level at $0.3547 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.35 levels.

Barring an extended rally, the first major resistance level and Tuesday’s high $0.3564 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.37 before any pullback. The second major resistance level sits at $0.3703.

Failure to move back through the 23.6% FIB and the $0.3409 pivot would bring the first major support level at $0.3253 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3115.

Looking at the Technical Indicators

First Major Support Level: $0.3253

First Major Resistance Level: $0.3547

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 2.47% on Tuesday. Reversing a 2.09% fall from Monday, Tron’s TRX ended the month up by 37.80% to $0.08862.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08474 before making a move.

Finding support at the first major support level at $0.08482, Tron’s TRX rallied to a late afternoon intraday high $0.09115.

Tron’s TRX broke through the first major resistance level at $0.08865 and the second major resistance level at $0.09082.

A choppy end to the day, however, saw Tron’s TRX fall back through the major resistance levels to sub-$0.88 levels before ending the day at $0.0886 levels. The first major resistance level at $0.08865 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was up by 0.21% to $0.08881. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.08943 before falling to a low $0.08825.

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



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