EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 22nd, 2021
EOS
EOS slid by 5.80% on Wednesday. Partially reversing a 1.37% gain from Tuesday, EOS ended the day at $6.3169.
A mixed start to the day saw EOS rise to an early morning intraday high $6.8789 before hitting reverse.
Falling short of the first major resistance level at $7.1445, EOS slid to a late morning intraday low $6.2165.
While steering clear of the first major support level at $5.9963, EOS fell through the 23.6% FIB of $6.52.
Finding afternoon support, EOS broke back through the 23.6% FIB of $6.52 to briefly revisit $6.80 before ending the day at $6.31 levels.
At the time of writing, EOS was up by 2.30% to $6.4620. A mixed start to the day saw EOS fall to an early morning low $6.2284 before rising to a high $6.5272.
While leaving the major support and resistance levels untested early on, EOS briefly broke through the 23.6% FIB.
For the day ahead
EOS would need to move back through the $6.4708 pivot level and the 23.6% FIB to support a run at the first major resistance level at $6.7250.
Support from the broader market would be needed, however, for EOS to break back through to $6.70 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $6.8789 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $7.50 before any pullback. The second major resistance level sits at $7.1332.
Failure to move back through the $6.4708 pivot and the 23.6% FIB of $6.52 would bring the first major support level at $6.0626 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$6.00 levels. The second major support level sits at $5.8084.
Looking at the Technical Indicators
First Major Support Level: $6.0626
First Major resistance Level: $6.7250
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 7.45% on Wednesday. Reversing a 5.65% gain from Tuesday, Stellar’s Lumen ended the day at $0.4895.
A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.5387 before hitting reverse.
While falling short of the first major resistance level at $0.5505, Stellar’s Lumen broke through the 23.6% FIB of $0.5342.
The reversal, however, saw Stellar’s Lumen fall to a late intraday low $0.4850.
Stellar’s Lumen slid through the 23.6% FIB of $0.5342 and the first major support level at $0.4883.
Finding late support, Stellar’s Lumen moved back through the first major support level to end the day at $0.489 levels.
At the time of writing, Stellar’s Lumen was up by 1.93% to $0.4990. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4819 before rising to a high $0.5027.
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 pivot level at $0.5044 to bring first major resistance level at $0.5238 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.52 levels.
Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $0.5342 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.55 levels before any pullback. The second major resistance level sits at $0.5581.
Failure to move through the $0.5044 pivot would bring the first major support level at $0.4701 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.4507.
Looking at the Technical Indicators
First Major Support Level: $0.4701
First Major Resistance Level: $0.5238
23.6% FIB Retracement Level: $0.5342
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX
Tron’s TRX slid by 7.23% on Wednesday. Reversing a 2.31% gain from Tuesday, Tron’s TRX ended the day at $0.1232.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1362 before hitting reverse.
Falling short of the first major resistance level at $0.1400, Tron’s TRX slid to a late intraday low $0.1223.
Steering clear of the first major support level at $0.1211, Tron’s TRX moved back through to $0.1230 levels to reduce the deficit.
At the time of writing, Tron’s TRX was up by 1.65% to $0.1253. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1203 before rising to a high $0.1263.
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 $0.1272 pivot to bring the first major resistance level at $0.1322 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.13 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.1362 would likely cap any upside.
In the event of an extended rally Tron’s TRX could test the second major resistance level at $0.1411 and the 23.6% FIB of $0.1426.
Failure to move through the $0.1272 pivot would bring the first major support level at $0.1183 and the 38.2% FIB of $0.1167 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The second major support level at $0.1133 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.1133
First Major Resistance Level: $0.1322
23.6% FIB Retracement Level: $0.1426
38.2% FIB Retracement Level: $0.1167
62% FIB Retracement Level: $0.0748
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
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