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

EOS

EOS fell by 2.88% on Wednesday. Following a 21.47% tumble on Tuesday, EOS ended the day at $4.7463.

A mixed start to the day saw EOS rise to an early morning intraday high $4.9684 before hitting reverse.

Falling short of the first major resistance level at $6.0016, EOS fell to a late morning intraday low $4.4248.

Steering clear of the first major support level at $4.0297, EOS briefly revisited $4.80 levels before easing back.

At the time of writing, EOS was up by 0.49% to $4.7687. A mixed start to the day saw EOS fall to an early low $4.7274 before rising to a high $4.8132.

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

For the day ahead

EOS would need to avoid the $4.7132 pivot to bring the first major resistance level at $5.0015 into play.

Support from the broader market would be needed to break back through to $5.00 levels.

Barring a broad-based crypto rally, the first major resistance would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $5.50 before any pullback. The second major resistance level sits at $5.2568.

A fall through the $4.7132 pivot would bring the first major support level at $4.4579 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.1696 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.4579

First Major resistance Level: $5.0015

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 fell by 1.73% on Wednesday. Following a 20.76% sell-off on Tuesday, Stellar’s Lumen ended the day at $0.3300.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3432 before hitting reverse.

While falling short of the first major resistance level at $0.4150, Stellar’s Lumen broke through the 23.6% FIB of $0.3402.

The reversal saw Stellar’s Lumen fall back through the 23.6% FIB to a late morning intraday low $0.3048.

Steering well clear of the first major support level at $0.2660, Stellar’s Lumen ended the day at $0.33 levels.

At the time of writing, Stellar’s Lumen was up by 0.27% to $0.3309. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3286 before rising to a high $0.3342.

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 $0.3260 pivot to bring the 23.6% FIB of $0.3402 and the first major resistance level at $0.3472 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.34 levels.

Barring an extended rally, the first major resistance level and resistance at $0.35 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.3644 before any pullback.

A fall through the $0.3260 pivot would bring the first major support level at $0.3088 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2876.

Looking at the Technical Indicators

First Major Support Level: $0.3088

First Major Resistance Level: $0.3472

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX rallied by 8.01% on Wednesday. Partially reversing a 17.38% slide from Tuesday, Tron’s TRX ended the day at $0.09262.

A mixed start to the day saw Tron’s TRX fall to a late morning intraday low $0.08315 before making a move.

Steering clear of the 23.6% FIB of $0.07870 and the first major support level at $0.07300, Tron’s TRX rose to a mid-day intraday high $0.09702.

Falling short of the 38.2% FIB of $0.09890 and the first major resistance level at $0.10246, Tron’s TRX eased back to end the day at sub-$0.093 levels.

At the time of writing, Tron’s TRX was down by 0.15% to $0.09248. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09340 before falling to a low $0.09196.

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

For the Day Ahead

Tron’s TRX would need to avoid the $0.09093 pivot to bring the first major resistance level at $0.09871 and the 38.2% FIB of $0.09890 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Wednesday’s high $0.09702.

Barring an extended crypto rally, the first major resistance level and resistance at $0.10 would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1048.

A fall through the $0.09093 pivot would bring the first major support level at $0.08484 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.7870. The second major support level sits at $0.07706.

Looking at the Technical Indicators

First Major Support Level: $0.08484

First Major Resistance Level: $0.09871

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob