EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 28th, 2021
EOS
EOS rose by 2.31% on Tuesday. Following a modest 0.52% gain on Monday, EOS ended the day at $3.7629.
A mixed start to the day saw EOS slide to an early morning intraday low $3.6029 before making a move.
Steering clear of the first major support level at $3.5427, EOS rose to an early afternoon intraday high $3.7902.
Falling short of the first major resistance level at $3.9098, however, EOS fell back to sub-$3.70 levels before finding late support.
At the time of writing, EOS was down by 1.23% to $3.7165. A mixed start to the day saw EOS rise to an early morning high $3.7656 before falling to a low $3.7135.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $3.7187 pivot to bring the first major resistance level at $3.8344 into play.
Support from the broader market would be needed for EOS to break back through to $3.80 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $3.90. The second major resistance level sits at $3.9060.
Failure to move back through the $3.7187 pivot would bring the first major support level at $3.6471 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.55 levels. The second major support level sits at $3.5314.
Looking at the Technical Indicators
First Major Support Level: $3.6471
First Major resistance Level: 3.8344
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 rose by 1.00% on Tuesday. Reversing a 0.50% decline from Monday, Stellar’s Lumen ended the at $0.2631.
A bearish start saw Stellar’s Lumen slide to an early morning intraday low $0.2513 before making a move.
Steering clear of the first major support level at $0.2499, Stellar’s Lumen rallied to an early afternoon intraday high $0.2703.
Falling short of the first major resistance level at $0.2779, Stellar’s Lumen slid back to sub-$0.26 levels before finding late support.
A late move back through to $0.263 levels delivered the upside for the day.
At the time of writing, Stellar’s Lumen was down by 1.19% to $0.2599. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2634 before falling to a low $0.2598.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through the $0.2616 pivot to bring the first major resistance level at $0.2718 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.2703.
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 $0.28 before any pullback. The second major resistance level sits at $0.2806.
Failure to move back through the $0.2616 pivot would bring the first major support level at $0.2528 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.24 levels. The second major support level at $0.2426 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.2528
First Major Resistance Level: $0.2718
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 2.60% on Tuesday. Following a 0.71% gain on Monday, Tron’s TRX ended the day at $0.06003.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.05671 before making a move.
Steering clear of the first major support level at $0.05609, Tron’s TRX rallied to an early afternoon intraday high $0.06111.
Falling short of the first major resistance level at $0.6236, however, Tron’s TRX eased back to end the day at sub-$0.06010 levels.
At the time of writing, Tron’s TRX was up by 0.36% to $0.6024. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05954 before rising to a high $0.06105
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid the $0.05928 pivot to bring the first major resistance level at $0.06186 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.061 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.062 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06368.
A fall through the $0.05928 pivot would bring the first major support level at $0.05746 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05488.
Looking at the Technical Indicators
First Major Support Level: $0.05746
First Major Resistance Level: $0.06186
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
This article was originally posted on FX Empire
