EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 7th, 2021


EOS

EOS fell by 1.18% on Monday. Following a 10.51% rally on Sunday, EOS ended the day at $6.2236.

A mixed start to the day saw EOS rise to a late morning intraday high $6.4264 before hitting reverse.

Falling short of the 23.6% FIB of $6.52 and the first major resistance level at $6.5743, EOS slid to a mid-day intraday low $5.9081.

Steering clear of the first major support level at $5.7766, EOS moved back through to $6.20 levels to reduce the deficit.

At the time of writing, EOS was down by 1.74% to $6.1153. A mixed start to the day saw EOS rise to an early morning high $6.2576 before falling to a low $6.1126.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move back through the $6.1860 pivot to bring the first major resistance level at $6.4640 and the 23.6% FIB of $6.52 into play.

Support from the broader market would be needed to break out from Monday’s high $6.4264.

Barring an extended crypto rally, the 23.6% FIB of $6.52 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $7.00 before any pullback. The second major resistance level sits at $6.7043.

Failure to move back through the $6.1860 pivot would bring the first major support level at $5.9457 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level at $5.6677 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $5.9457

First Major resistance Level: $6.4640

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Stellar’s Lumen

Stellar’s Lumen rallied by 6.51% on Monday. Following a 7.60% gain on Sunday, Stellar’s Lumen ended the day at $0.4239.

A mixed start to the day saw Stellar’s Lumen rise to a late morning high $0.4197 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.4079 and the second major resistance level at $0.4178.

The reversal saw Stellar’s Lumen slide to a mid-day intraday low $0.3899 before making a move.

Steering clear of the first major support level at $0.3782, Stellar’s Lumen rallied to a late intraday high $0.4302.

Stellar’s Lumen broke back through the first major resistance level at $0.4079 and the second major resistance level at $0.4178

The breakout also saw Stellar’s Lumen break through the 38.2% FIB of $0.4277 before ending the day at sub-$0.4240 levels.

At the time of writing, Stellar’s Lumen was down by 1.99% to $0.4155. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4245 before falling to a low $0.4133.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.4147 pivot to bring the first major resistance level at $0.4394 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the 38.2% FIB of $0.4277.

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 $0.47 levels before any pullback. The second major resistance level sits at $0.4550.

A fall through the $0.4147 pivot would bring the first major support level at $0.3991 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3744.

Looking at the Technical Indicators

First Major Support Level: $0.3991

First Major Resistance Level: $0.4394

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX fell by 1.24% on Monday. Partially reversing a 3.14% gain from Sunday, Tron’s TRX ended the day at $0.1038.

A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.1078 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.1070 before sliding to a mid-day intraday low $0.1011.

The sell-off saw Tron’s TRX fall through the first major support level at $0.1020 before ending the day at $0.1038 levels.

At the time of writing, Tron’s TRX was up by 0.55% to $0.1043. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1031 before rising to a high $0.1052.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.1042 pivot to bring the first major resistance level at $0.1074 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.1070 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.1078 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1109.

A fall back through the $0.1042 pivot would bring the first major support level at $0.1007 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 38.2% FIB of $0.09890. The second major support level sits at $0.09753.

Looking at the Technical Indicators

First Major Support Level: $0.1007

First Major Resistance Level: $0.1074

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob



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