EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 8th, 2021

For the day ahead

Stellar’s Lumen would need to move through the 23.6% FIB of $0.3402 and the $0.3453 pivot to bring the first major resistance level at $0.4150 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.40 levels.

Barring an extended rally, resistance at $0.35 would likely leave Stellar’s Lumen short of the first major resistance level.

In the event of a broad-based crypto rebound, Stellar’s Lumen could test resistance at 38.2% FIB of $0.4277 before any pullback. The second major resistance level sits at $0.4943.

Failure to move through the $0.3453 pivot would bring the first major support level at $0.2660 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.1963.

Looking at the Technical Indicators

First Major Support Level: $0.2660

First Major Resistance Level: $0.4150

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX slid by 17.38% on Tuesday. Following a 1.24% loss on Monday, Tron’s TRX ended the day at $0.08576.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1064 before hitting reverse.

Falling short of the first major resistance level at $0.1074, Tron’s TRX tumbled to a mid-afternoon intraday low $0.07694.

The sell-off saw Tron’s TRX fall through the day’s major support levels.

Tron’s TRX also fell through the 38.2% FIB of $0.09890 and the 23.6% FIB of $0.07870.

Finding late support, however, Tron’s TRX broke back through the 23.6% FIB to end the day at $0.085 levels.

At the time of writing, Tron’s TRX was up by 0.29% to $0.08601. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08386 before rising to a high $0.08651

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

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