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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 13th, 2021

EOS

EOS slid by 3.71% on Monday. Reversing a 1.61% gain from Sunday, EOS ended the day at $6.4738.

A mixed start to the day saw EOS rise to a late morning intraday high $6.8766 before hitting reverse.

Falling short of the first major resistance level at $7.0147, EOS slid to a mid-afternoon intraday low $6.2843.

EOS fell through the 23.6% FIB of $6.52 and the first major support level at $6.4890.

Finding late support, EOS broke back through the first major support level and the 23.6% FIB to revisit $6.54 levels.

A bearish end to the day, however, saw EOS fall back through the 23.6% FIB and the first major support level to end the day at sub-$6.48 levels.

At the time of writing, EOS was up by 0.14% to $6.4831. A mixed start to the day saw EOS fall to an early morning low $6.4503 before rising to a high $6.5738.

While EOS left the major support and resistance levels untested, EOS briefly broke through the 23.6% FIB of $6.52.

EOSUSD 130421 Hourly Chart

For the day ahead

EOS would need to move back through the 23.6% FIB of $6.52 and the $6.5449 pivot level to support a run at the first major resistance level at $6.8055.

Support from the broader market would be needed, however, for EOS to break back through to $6.80 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $6.8766 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $7.20 before any pullback. The second major resistance level sits at $7.1372.

Failure to move back through 23.6% FIB and the $6.5449 pivot would bring the first major support level at $6.2132 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$6.00 levels. The second major support level sits at $5.9526.

Looking at the Technical Indicators

First Major Support Level: $6.2132

First Major resistance Level: $6.8055

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 1.11% on Monday. Following on from a 4.04% rally on Sunday, Stellar’s Lumen ended the day at $0.5906.

Recovering from a mid-morning low $0.5666, Stellar’s Lumen struck a late morning intraday high $0.6077.

Falling well short of the first major resistance level at $0.6422, Stellar’s Lumen fell to a late afternoon intraday low $0.5661.

Steering clear of the first major support level at $0.5408, Stellar’s Lumen moved back through to $0.59 levels to deliver the upside on the day.

At the time of writing, Stellar’s Lumen was down by 1.53% to $0.5815. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.5952 before falling to a low $0.5798.

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

XLMUSD 130421 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move back through the pivot level at $0.5881 to bring the first major resistance level at $0.6102 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Monday’s high $0.6077.

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 the second major resistance level at $0.6297.

Failure to move back through the $0.5881 pivot would bring the first major support level at $0.5686 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer well clear of the 23.6% FIB of $0.5078. The second major support level at $0.5465 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.5686

First Major Resistance Level: $0.6102

23.6% FIB Retracement Level: $0.5078

38% FIB Retracement Level: $0.4160

62% FIB Retracement Level: $0.2675

Tron’s TRX

Tron’s TRX rallied by 6.16% on Monday. Reversing a 3.87% loss from Sunday, Tron’s TRX ended the day at $0.1292.

A particularly bullish start to the day saw Tron’s TRX rally from an early morning intraday low $0.1208 to an early morning intraday high $0.1378.

Tron’s TRX broke through the first major resistance level at $0.1270 and the second major resistance level at $0.1322.

Falling short of $0.14 levels, Tron’s TRX fell back to $0.124 levels before finding support.

Late in the day, Tron’s TRX broke back through the first and second major resistance levels before ending the day at $0.128 levels.

While falling back through the second major resistance level, Tron’s TRX avoided a fall back through the first major resistance level at $0.1270.

At the time of writing, Tron’s TRX was up by 1.80% to $0.1316. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1285 before rising to a high $0.1324.

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

TRXUSD 130421 Hourly Chart

For the Day Ahead

Tron’s TRX need to avoid a fall back through the $0.1293 pivot to bring the first major resistance level at $0.1377 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.137 levels

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.1378 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test the second major resistance level at $0.1463 and resistance at last week’s swing hi $0.1495.

Failure to avoid a fall back through the $0.1293 pivot would bring the first major support level at $0.1207 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of the second major support level at $0.1123. The 23.6% FIB of $0.1159 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1207

First Major Resistance Level: $0.1377

23.6% FIB Retracement Level: $0.1159

38.2% FIB Retracement Level: $0.0951

62% FIB Retracement Level: $0.0615

Please let us know what you think in the comments below

Thanks, Bob