EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 2nd, 2021
EOS
EOS fell by 3.25% on Sunday. Partially reversing a 3.97% gain from Saturday, EOS ended the week up by 7.63% to $3.9428.
A mixed start to the day saw EOS rise to an early morning intraday high $4.2366 before hitting reverse.
EOS broke through the first major resistance level at $4.1999 before sliding to a late intraday low $3.8526.
EOS fell through the first major support level at $3.9753 and the second major resistance level at $3.8763 before a partial recovery to $3.94 levels.
At the time of writing, EOS was down by 0.95% to $3.9055. A mixed start to the day saw EOS rise to an early morning high $3.9941 before falling to a low $3.8531.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $4.0107 pivot to bring the first major resistance level at $4.1687 into play.
Support from the broader market would be needed for EOS to break back through to $4.00 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $4.20 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.40. The second major resistance level sits at $4.3947.
Failure to move through the $4.0107 pivot would bring the first major support level at $3.7847 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.6267.
Looking at the Technical Indicators
First Major Support Level: $3.7847
First Major resistance Level: 4.1687
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 fell by 3.37% on Sunday. Partially reversing a 5.41% rally from Saturday, Stellar’s Lumen ended the week up by 5.07% to $0.2751.
A mixed start saw Stellar’s Lumen rise to an early morning intraday high $0.3011 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.2920 and the second major resistance level at $0.2994.
The reversal saw Stellar’s Lumen slide to a late intraday low $0.2728.
Stellar’s Lumen fell through the first major support level at $0.2753 to end the day at $0.2751 levels.
At the time of writing, Stellar’s Lumen was down by 1.66% to $0.2705. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2778 before falling to a low $0.2686.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.2830 pivot to bring the first major resistance level at $0.2932 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.29 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.3011 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.32 before any pullback. The second major resistance level sits at $0.3113.
Failure to move through the $0.2830 pivot would bring the first major support level at $0.2649 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2547.
Looking at the Technical Indicators
First Major Support Level: $0.2649
First Major Resistance Level: $0.2932
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 fell by 2.07% on Sunday. Partially reversing a 5.70% rally from Saturday, Tron’s TRX ended the week up by 8.41% to $0.06299.
After a mixed start to the day, Tron’s TRX rose to a late morning intraday high $0.06702 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.06556 and the second major resistance level at $0.06682.
The reversal saw Tron’s TRX slide to a late intraday low $0.06233.
Tron’s TRX fell through the first major support level at $0.06259 before ending the day at $0.0629 levels.
At the time of writing, Tron’s TRX was down by 0.41% to $0.06273. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06416 before falling to a low $0.06160.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.06411 pivot to bring the first major resistance level at $0.06590 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.065 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $0.066 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06880.
Failure to move back through the $0.06411 pivot would bring the first major support level at $0.06121 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05942.
Looking at the Technical Indicators
First Major Support Level: $0.06121
First Major Resistance Level: $0.06590
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
