EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 2nd, 2021


For the day ahead

Stellar’s Lumen would need to avoid the $0.3486 pivot to bring the first major resistance level at $0.3612 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.36 levels.

Barring an extended rally, the first major resistance level 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 $0.3688.

A fall through the $0.3486 pivot would bring the first major support level at $0.3410 and the 23.6% FIB of $0.3402 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.3350 levels. The second major support level sits at $0.3284.

Looking at the Technical Indicators

First Major Support Level: $0.3410

First Major Resistance Level: $0.3612

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 rallied by 6.95% on Wednesday. Following a 2.47% gain on Tuesday, Tron’s TRX ended the day at $0.09478.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08702 before making a move.

Steering clear of the first major support level at $0.08519, Tron’s TRX rallied to a late intraday high $0.09573.

Tron’s TRX broke through the first major resistance level at $0.09160 and the second major resistance level at $0.09458 to end the day at $0.0947 levels.

At the time of writing, Tron’s TRX was up by 0.32% to $0.09508. A mixed start to the day saw Tron’s TRX fell to an early morning low $0.09286 before rising to a high $0.09865.

Tron’s TRX broke through the first major resistance level at $0.09800 early on before easing back.



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