EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 19th, 2021
EOS
EOS fell 6.35% on Sunday. Following on from an 8.49% slide on Saturday, EOS ended the week up by 8.58% to $7.2996.
A bullish start to the day saw EOS rise to an early morning intraday high $7.9496 before hitting reverse.
Falling short of the first major resistance level at $8.5691 slid to an early morning intraday low $5.7984.
The sell-off saw EOS fall through the first major support level at $7.3032 and the second major support level at $6.8203.
EOS also fell through the 23.6% FIB of $6.52 before finding support.
Steering clear of the third major support level at $5.5544, EOS bounced back to end the day at $7.2 levels.
The partial recovery saw EOS break back through the 23.6% FIB and the second major support level.
At the time of writing, EOS was down by 0.42% to $7.2877. A mixed start to the day saw EOS fall to an early morning low $7.0454 before rising to a high $7.5766.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $7.0159 pivot level to support a run at the first major resistance level at $8.2333.
Support from the broader market would be needed, however, for EOS to break back through to $8.00 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 $9.00 before any pullback. The second major resistance level sits at $9.1671.
A fall through the $7.0159 pivot would bring the 23.6% FIB of $6.52 and the first major support level at $6.0821 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $4.8647.
Looking at the Technical Indicators
First Major Support Level: $6.0821
First Major resistance Level: $8.2333
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 7.83% on Sunday. Following on from a 3.03% loss on Saturday, Stellar’s Lumen ended the week down by 6.52% to $0.5460.
A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.6014 before hitting reverse.
Falling short of the first major resistance level at $0.6275, Stellar’s Lumen slid to an early morning intraday low $0.4590.
Stellar’s Lumen fell through the day’s major support levels and through the 23.6% FIB of $0.5342.
Finding support in the afternoon, Stellar’s Lumen bounced back to end the day at $0.54 levels.
The partial recovery saw Stellar’s Lumen break back through the third major support level at $0.5017 and the 23.6% FIB of $0.5342.
At the time of writing, Stellar’s Lumen was up by 0.79% to $0.5503. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5362 before rising to a high $0.5623.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid the pivot level at $0.5355 and the 23.6% FIB to bring the first major resistance level at $0.6119 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.60 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.65. The second major resistance level sits at $0.6778.
A fall through the $0.5355 pivot and the 23.6% FIB of $0.5342 would bring the first major support level at $0.4695 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.40 levels. the second major support level sits at $0.3931.
Looking at the Technical Indicators
First Major Support Level: $0.4695
First Major Resistance Level: $0.6119
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 7.72% on Sunday. Following on from a 3.42% decline from Saturday, Tron’s TRX ended the week up by 17.91% to $0.1435.
A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1577 before hitting reverse.
Falling short of the first major resistance level at $0.1739, Tron’s TRX slid to an early morning intraday low $0.1206.
Tron’s TRX fell through the first major support level at $0.1446 and the second major support level at $0.1338.
The sell-off also saw Tron’s TRX slide through the 23.6% FIB of $0.1426 before finding support.
Through the afternoon, Tron’s TRX broke back through the major support levels and the 23.6% FIB to visit $0.145 levels.
A bearish end to the day, however, saw Tron’s TRX fall back through the first major support level at $0.1446 to end the day at sub-$0.144 levels.
At the time of writing, Tron’s TRX was up by 1.29% to $0.1454. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1379 before rising to a high $0.1497.
While leaving the major support and resistance levels untested early on, Tron’s TRX briefly fell through the 23.6% FIB.
For the Day Ahead
Tron’s TRX would need to avoid a fall back through the 23.6% FIB and the $0.1406 pivot to bring the first major resistance level at $0.1606 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.15 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 $0.17 before any pullback. The second major resistance level sits at $0.1777.
A fall back through the 23.6% FIB of $0.1426 and the $0.1406 pivot would bring the first major support level at $0.1235 into play.
Barring an extended sell-off, Tron’s TRX should steer clear of the second major support level at $0.1035. The 38.2% FIB of $0.1167 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.1235
First Major Resistance Level: $0.1606
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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