EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 9th, 2021

EOS

EOS rose by 4.45% on Monday. Following on from a 7.04% rally on Sunday, EOS ended the day at $3.5973.

A bullish start to the day saw EOS rally to a mid-day intraday high $3.7556 before hitting reverse.

EOS broke through the first major resistance level at $3.6863 before sliding to an early afternoon intraday low $3.2151.

Steering clear of the first major support level at $3.1143, EOS revisited $3.68 levels before easing back.

The rebound saw EOS come up against the first major resistance level before ending the day at sub-$3.60 levels.

At the time of writing, EOS was down by 0.19% to $3.5904. A mixed start to the day saw EOS rise to an early morning high $3.5915 before falling to a low $3.5556.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid a fall through the $3.5227 pivot level to support a run at the first major resistance level at $3.8302.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $3.7556.

Barring an extended crypto rally, the first major resistance level and resistance at $3.85 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $4.00. The second major resistance level sits at $4.0632.

Failure to avoid a fall through the pivot level at $3.5227 would bring the first major support level at $3.2897 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level sits at $2.9822.

Looking at the Technical Indicators

First Major Support Level: $3.2897

First Major resistance Level: $3.8302

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 rose by 2.85% on Monday. Following on from a 1.92% gain on Sunday, Stellar’s Lumen ended the day at $0.3971.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3737 before making a move.

Steering clear of the first major support level at $0.3585, Stellar’s Lumen rallied to an early afternoon intraday high $0.4040.

Falling short of the first major resistance level at $0.4184, Stellar’s Lumen fell back to end the day at sub-$0.40 levels.

At the time of writing, Stellar’s Lumen was down by 0.52% to $0.3950. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.39999 before falling to a low $0.3945.

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 $0.3916 pivot to bring the first major resistance level at $0.4095 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.4040.

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 $0.45 before any pullback. The second major resistance level sits at $0.4219.

Failure to move avoid a fall through the $0.3916 pivot would bring the first major support level at $0.3792 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3613.

Looking at the Technical Indicators

First Major Support Level: $0.3792

First Major Resistance Level: $0.4095

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 jumped by 11.70% on Monday. Following on from a 1.13% gain on Sunday, Tron’s TRX ended the day at $0.04038.

A mixed start to the day saw Tron’s TRX rise to a mid-day high $0.04081 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.03790 and the second major resistance level at $0.04004.

The reversal saw Tron’s TRX slide to an early afternoon intraday low $0.03430 before finding support.

Steering clear of the first major support level at $0.03370, Tron’s TRX surged to a final hour intraday high $0.04251.

Tron’s TRX broke back through the first major resistance level and second major resistance level.

A late pullback saw Tron’s TRX test support at the second major resistance level at $0.04004 before ending the day at $0.0403 levels.

At the time of writing, Tron’s TRX was up by 1.71% to $0.04107. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.03979 before rising to a high $0.04233.

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

For the Day Ahead

Tron’s TRX need to avoid a fall through the $0.03906 pivot to bring the first major resistance level at $0.04383 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 38.2% FIB of $0.04280.

Barring an extended crypto rally, the first major resistance level and resistance at $0.045 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test the second major resistance level at $0.04727.

Failure to avoid a fall through the $0.03906 pivot would bring the first major support level at $0.03562 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.035 levels. The second major support level sits at $0.03085.

Looking at the Technical Indicators

First Major Support Level: $0.03562

First Major Resistance Level: $0.04383

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