EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 25th, 2021
EOS
EOS rose by 1.17% on Wednesday. Partially reversing an 18.08% tumble Tuesday, EOS ended the day at $3.9007.
A mixed start to the day saw EOS fall to an early morning intraday low $3.6613 before making a move.
Steering clear of the first major support level at $3.0957, EOS rose to a late morning intraday high $4.1618.
Falling short of the first major resistance level at $4.6626, EOS fell back to sub-$3.80 levels and into the red.
A late move back through to $3.90 levels delivered the upside on the day, however.
At the time of writing, EOS was up by 1.97% to $3.9776. A mixed start to the day saw EOS fall to an early morning low $3.8543 before rising to a high $4.0451.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall back through the $3.9079 pivot level to support a run at the first major resistance level at $4.1546.
Support from the broader market would be needed, however, for EOS to break back through to $4.10 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $4.1618 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $4.50 before any pullback. The second major resistance level sits at $4.4084.
Failure to avoid a fall back through the $3.9079 pivot would bring the first major support level at $3.6541 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4074.
Looking at the Technical Indicators
First Major Support Level: $3.6541
First Major resistance Level: $4.1546
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 rallied by 7.14% on Wednesday. Partially reversing a 16.57% slide from Tuesday, Stellar’s Lumen ended the day at $0.4144.
A choppy start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3680 before making a move.
While falling through the 38.2% FIB of $0.3864, Stellar’s Lumen steered clear of the first major support level at $0.3121.
Finding support through the morning, Stellar’s Lumen broke back through the 38.2% FIB to strike a late morning intraday high $0.4344.
Falling short of the first major resistance level at $0.4631, Stellar’s Lumen fell back to $0.38 levels.
The fall back through the 38.2% FIB was brief, however, with Stellar’s Lumen wrapping up the day at $0.41 levels.
At the time of writing, Stellar’s Lumen was up by 2.58% to $0.4159. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4037 before rising to a high $0.4190.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall back through the pivot level at $0.4056 to bring the first major resistance level at $0.4432 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break out from Wednesday’s high $0.4344.
Barring an extended crypto rally, the first major resistance level and resistance at $0.45 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at the 23.6% FIB of $0.4713 and the second major resistance level at $0.4720.
Failure to avoid a fall back through the $0.4056 pivot would bring the 38.2% FIB of $0.3864 and the first major support level at $0.3768 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3392.
Looking at the Technical Indicators
First Major Support Level: $0.3768
First Major Resistance Level: $0.4432
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 rallied by 7.22% on Wednesday. Partially reversing a 16.97% slide from Tuesday, Tron’s TRX ended the day at $0.04826.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.04277 before making a move.
While steering clear of the first major support level at $0.03664, Tron’s TRX found support at the 38.2% FIB of $0.04280.
Through the morning, Tron’s TRX rallied to a late morning intraday high $0.05051 before a second sell-off.
Falling short of the first major resistance level at $0.05403, Tron’s TRX fell back to $0.046 levels before ending the day at $0.048 levels.
At the time of writing, Tron’s TRX was up by 1.40% to 0.04894. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.04760 before rising to a high $0.04986.
For the Day Ahead
Tron’s TRX need to avoid a fall through pivot level at $0.04718 to bring the first major resistance level at $0.05159 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.050 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally Tron’s TRX could test resistance at $0.055 before any pullback. The second major resistance level sits at $0.05492.
Failure to avoid a fall through the $0.04718 pivot would bring the first major support level at $0.04385 and the 38.2% FIB of $0.04280 into play.
Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.03944.
Looking at the Technical Indicators
First Major Support Level: $0.04385
First Major Resistance Level: $0.05159
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
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