EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 29th, 2021

EOS

EOS rose by 0.36% on Sunday. Partially reversing a 2.61% fall from Saturday, EOS ended the week down by 1.21% to $4.1062.

It was a relatively range-bound end to the week. EOS rose to an early afternoon intraday high $4.2166 before hitting reverse.

Falling short of the first major resistance level at $4.2224, EOS fell to a late intraday low $4.0298.

Steering clear of the first major support level at $3.9635, EOS moved back through to $4.10 levels to end the day in the green.

At the time of writing, EOS was down by 0.59% to $4.0822. A mixed start to the day saw EOS rise to an early morning high $4.1480 before falling to a low $4.034.

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

For the day ahead

EOS would need to move back through the $4.1185 pivot level to support a run at the first major resistance level at $4.2053.

Support from the broader market would be needed, however, for EOS to break back through to $4.20 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $4.2166 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.30 before any pullback. The second major resistance level sits at $4.3043.

Failure to move back through the $4.1175 pivot would bring the first major support level at $4.0185 into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $3.9307.

Looking at the Technical Indicators

First Major Support Level: $4.0185

First Major resistance Level: $4.2053

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 4.03% on Sunday. Reversing a 0.70% loss from Saturday, Stellar’s Lumen ended the week down by 1.58% to $0.3974.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3781 before making a move.

While steering clear of the first major support level at $0.3706, Stellar’s Lumen fell through the 38.2% FIB of $0.3864.

Finding early support, Stellar’s Lumen broke back through the 38.2% FIB to strike an early afternoon intraday high $0.4121.

Stellar’s Lumen also broke through the first major resistance level at $0.3918 and the second major resistance level at $0.4017.

Late in the day, Stellar’s Lumen fell back through the major resistance levels to sub-$0.39 levels before revisiting $0.398 levels.

Stellar’s Lumen broke back through the first major resistance level to end the day at $0.397 levels.

At the time of writing, Stellar’s Lumen was down by 1.57% to $0.3912. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.398463 before falling to a low $0.38997.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to move back through the pivot level at $0.3959 to bring the first major resistance level at $0.4136 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Sunday’s high $0.4121.

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 $0.44 before any pullback. The second major resistance level sits at $0.4299.

Failure to move back through the $0.3959 pivot would bring the 38.2% FIB of $0.3864 and the first major support level at $0.3796 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.3619.

Looking at the Technical Indicators

First Major Support Level: $0.3796

First Major Resistance Level: $0.4136

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 rose by 0.83% on Sunday. Partially reversing a 2.92% fall from Saturday, Tron’s TRX ended the week up by 1.60% to $0.06416.

A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.06506 before hitting reverse.

While falling short of the first major resistance level at $0.06644, Tron’s TRX broke through the 62% FIB of $0.06480.

The reversal saw Tron’s TRX fall back through the 62% FIB of $0.06480 to a late intraday low $0.06179.

Steering clear of the first major support level at $0.06117, Tron’s TRX moved back through to $0.064 levels to end the day in the green.

At the time of writing, Tron’s TRX was down by 1.40% to $0.06326. A mixed start to the day saw Tron’s TRX rise to an early morning high 0.06485 before falling to a low $0.06211.

While leaving the major support and resistance levels untested, Tron’s TRX tested resistance at the 62% FIB of $0.06480 early on.

For the Day Ahead

Tron’s TRX need to move back through the pivot level at $0.06367 to bring the 62% FIB and the first major resistance level at $0.06555 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 62% FIB of $0.06480.

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 the second major resistance level at $0.06694 before any pullback.

Failure to move back through the $0.06367 pivot would bring the first major support level at $0.06228 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.060 levels. The second major support level at $0.06040 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.06228

First Major Resistance Level: $0.06555

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