EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 15th, 2021
EOS
EOS slid by 8.83% on Sunday. Partially reversing a 16.63% breakout from Saturday, EOS ended the week up by 47.38% to $5.0755.
A mixed start to the day saw EOS rise to an early morning intraday high $5.6568 before hitting reverse.
Falling short of the first major resistance level at $5.9223, EOS slid to a mid-afternoon intraday low $4.8583.
Steering clear of the first major support level at $4.8379, EOS briefly revisited $5.30 levels before falling back into the deep red.
At the time of writing, EOS was down by 4.88% to $4.8277. A mixed start to the day saw EOS rise to an early morning high $5.2728 before falling to a low $4.6499.
EOS fell through the first major support level at $4.7369 early on before finding support.
For the day ahead
EOS would need to move back through the $5.1969 pivot level to support a run at the first major resistance level at $5.5354.
Support from the broader market would be needed, however, for EOS to break back through to $5.50 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 $6.00 before any pullback. The second major resistance level sits at $5.9954.
Failure to move back through the pivot level at $5.1969 would bring the first major support level at $4.7369 into play.
Barring an extended sell-off, however, EOS should continue to steer clear of sub-$4.50 levels. The second major support level sits at $4.3984.
Looking at the Technical Indicators
First Major Support Level: $4.7369
First Major resistance Level: $5.5354
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 slid by 8.66% on Sunday. Reversing a 6.60% gain from Saturday, Stellar’s Lumen ended the week up by 33.77% to $0.5165.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.5784 before hitting reverse.
Falling short of the first major resistance level at $0.6131, Stellar’s Lumen slid to an early afternoon intraday low $0.4970.
Stellar’s Lumen fell through the first major support level at $0.51293 before briefly revisiting $0.53 levels.
In spite of a bearish end to the day, however, Stellar’s Lumen avoided a fall back through the first major support level.
At the time of writing, Stellar’s Lumen was down by 4.68% to $0.4923. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.5279 before sliding to a low $0.4830.
Stellar’s Lumen came within range of the first major support level at $0.4829 early on.
For the day ahead
Stellar’s Lumen would need to move through pivot level at $0.5306 to bring the first major resistance level at $0.5643 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break out from $0.55 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.5784 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.60. The second major resistance level sits at $0.6120.
Failure to move through the $0.5306 pivot would bring the first major support level at $0.4829 back into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.4492.
Looking at the Technical Indicators
First Major Support Level: $0.4829
First Major Resistance Level: $0.5643
23.6% FIB Retracement Level: $0.3426
38% FIB Retracement Level: $0.2823
62% FIB Retracement Level: $0.1850
Tron’s TRX
Tron’s TRX slid by 8.28% on Sunday. Reversing an 8.94% rally from Saturday, Tron’s TRX ended the week up by 53.47% to $0.05548.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.06100 before hitting reverse.
Falling short of the first major resistance level at $0.06428, Tron’s TRX slid to a mid-afternoon intraday low $0.05200.
The reversal saw Tron’s TRX fall through the first major support level at $0.05395 before briefly revisiting $0.057 levels.
A bearish end to the day, however, saw Tron’s TRX fall back to $0.055 levels to end the day in the deep red.
At the time of writing, Tron’s TRX was down by 8.10% to $0.05098. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05690 before falling to a low $0.04955.
Tron’s TRX fell through the first major support level at $0.050132 early on.
For the Day Ahead
Tron’s TRX need to move back through the first major support level and the $0.5616 pivot to bring the first major resistance level at $0.06032 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.06100 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at $0.065 before any pullback. The second major resistance level sits at $0.06516.
Failure to move back through the first major support level at $0.5132 would bring sub-$0.050 levels back into play.
Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level sits at $0.04716.
Looking at the Technical Indicators
First Major Support Level: $0.05132
First Major Resistance Level: $0.06032
23.6% FIB Retracement Level: $0.03211
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
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Thanks, Bob
This article was originally posted on FX Empire
