EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 27th, 2021
EOS
EOS rose by 0.52% on Monday. Reversing a 0.25% loss from Sunday, EOS ended the day at $3.6822.
A bullish start to the day saw EOS rally to a late intraday high $3.9980 before hitting reverse.
EOS broke through the day’s major resistance levels before a late pullback.
The pullback saw EOS slide back through the day’s major resistance level to end the day at sub-$3.70 levels.
At the time of writing, EOS was down by 1.14% to $3.6402. A mixed start to the day saw EOS rise to an early morning high $3.7572 before falling to a low $3.6241.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $3.7704 pivot to bring the first major resistance level at $3.9098 into play.
Support from the broader market would be needed for EOS to break back through to $3.90 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 Monday’s high $3.9980. The second major resistance level sits at $4.1375.
Failure to move through the $3.7704 pivot would bring the first major support level at $3.5427 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4033.
Looking at the Technical Indicators
First Major Support Level: $3.5427
First Major resistance Level: 3.9098
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 0.50% on Monday. Following a 2.02% decline on Sunday, Stellar’s Lumen ended the at $0.2605.
A bullish start saw Stellar’s Lumen rally to a mid-morning intraday high $0.2846 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.2684 and the second major resistance level at $0.2749.
The reversal, however, saw Stellar’s Lumen slide back through the major resistance levels to late intraday low $0.2566.
Steering clear of the first major support level at $0.2545, Stellar’s Lumen found support to end the day at $0.26 levels.
At the time of writing, Stellar’s Lumen was down by 2.78% to $0.2533. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2631 before falling to a low $0.2533.
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 $0.2672 pivot to bring the first major resistance level at $0.2779 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.2750 levels.
Barring an extended rally, the first major resistance level and resistance at $0.28 would likely cap any upside.
In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2952.
Failure to move through the $0.2672 pivot would bring the first major support level at $0.2499 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 sits at $0.2392.
Looking at the Technical Indicators
First Major Support Level: $0.2499
First Major Resistance Level: $0.2779
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 0.71% on Monday. Following a 0.85% gain on Sunday, Tron’s TRX ended the day at $0.05851.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.05752 before making a move.
Steering clear of the first major support level at $0.05635, Tron’s TRX rallied to a late afternoon intraday high $0.06379.
Tron’s TRX broke through the day’s major resistance levels before hitting reverse.
The reversal saw Tron’s TRX fall back through the major resistance levels to end the day at sub-$0.059 levels.
At the time of writing, Tron’s TRX was down by 1.30% to $0.05775. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05968 before rising to a high $0.05772.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move through the $0.05994 pivot to bring the first major resistance level at $0.06236 into play.
Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.060 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.06379 would likely cap any upside.
In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06621.
Failure to move through the $0.05994 pivot would bring the first major support level at $0.05609 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05367.
Looking at the Technical Indicators
First Major Support Level: $0.05609
First Major Resistance Level: $0.06236
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
