EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 18th, 2021

EOS

EOS fell by 0.54% on Sunday. Partially reversing a 0.76% gain from Saturday, EOS ended the week down by 9.65% to $2.7653.

A mixed start to the day saw EOS rise to an early morning intraday high $2.8194 before hitting reverse.

Falling short of the first major resistance level at $2.8858, EOS slid to a late morning intraday low $2.6593.

EOS fell through first major support level at $2.6812 before a break back through to $2.81 levels.

A bearish end to the day, however, saw EOS fall back through to sub-$2.78 levels to end the day in the red.

At the time of writing, EOS was down by 0.36% to $2.7610. A mixed start to the day saw EOS rise to an early morning high $2.8297 before falling to a low $2.7335.

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 $2.7480 pivot level to support a run at the first major resistance level at $2.8367.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.8194.

Barring an extended crypto rally, the first major resistance level and resistance at $2.85 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $3.00 before any pullback. The second major resistance level sits at $2.9081.

Failure to avoid a fall back through the pivot level at $2.7480 would bring the first major support level at $2.6766 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.60 levels, however. The second major support level sits at $2.5879.

Looking at the Technical Indicators

First Major Support Level: $2.6766

First Major resistance Level: $2.8367

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 4.47% on Sunday. Following on from a 2.39% gain on Saturday, Stellar’s Lumen ended the week up by 6.64% to $0.3037.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2861 before making a move.

Steering clear of the first major support level at $0.2748, Stellar’s Lumen rallied to an early morning intraday high $0.3190.

Stellar’s Lumen broke through the first major resistance level at $0.3089 before a slide back to sub-$0.29 levels.

Finding late support, however, Stellar’s Lumen moved back through to $0.30 levels to end the day in the green.

At the time of writing, Stellar’s Lumen was up by 0.96% to $0.3066. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.3034 to a high $0.3088.

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 through the $0.3029 pivot to bring the first major resistance level at $0.3198 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.31 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.3190 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.33 before any pullback. The second major resistance level sits at $0.3358.

Failure to avoid a fall through the $0.0.3029 pivot would bring the first major support level at $0.2869 and 38.2% FIB of $0.2823 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.028 levels. The second major support level sits at $0.2701.

Looking at the Technical Indicators

First Major Support Level: $0.2869

First Major Resistance Level: $0.3198

23.6% FIB Retracement Level: $0.3187

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX rose by 0.66% on Sunday. Following on from a 1.51% gain on Saturday, Tron’s TRX ended the week down by 7.23% to $0.03045.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.03120 before hitting reverse.

Falling short of the first major resistance level at $0.3163, Tron’s TRX slid to a late morning intraday low $0.02876.

The reversal saw Tron’s TRX fall through the 23.6% FIB of $0.0291 and the first major support level at $0.02892.

Finding support through the afternoon, Tron’s TRX revisited $0.03090 levels before easing back.

At the time of writing, Tron’s TRX was up by 0.50% to $0.03060. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02988 before rising to a high $0.03068.

Tron’s TRX left the major support and resistance levels untested early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.03014 pivot to bring the first major resistance level at $0.03151 back into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.031 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.03120 would likely cap any upside.

In the event of an extended rally Tron’s TRX could resistance at $0.33 before any pullback. The second major resistance level sits at $0.03258.

Failure to avoid a fall back through the $0.02964 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02907 into play.

Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.028 levels. The second major support level at sits at $0.02770.

Looking at the Technical Indicators

First Major Support Level: $0.02907

First Major Resistance Level: $0.03151

23.6% FIB Retracement Level: $0.03211

38.2% FIB Retracement Level: $0.0428

62% FIB Retracement Level: $0.0648

Please let us know what you think in the comments below

Thanks, Bob