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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 26th 2021

EOS

EOS fell by 1.60% on Sunday. Following on from an 8.63% slide from Saturday, EOS ended the week down 31.42% to $5.0062.

A mixed start to the day saw EOS rise to a late afternoon intraday high $5.4630 before hitting reverse.

Coming up against the first major resistance level at $5.4578, EOS slid to a late intraday low $4.6108.

EOS fell through the first major support level at $4.8829 and the second major support level at $4.6687.

Finding late support, EOS broke back through the major support levels to end the day at $5.00 levels.

At the time of writing, EOS was up by 6.14% to $5.3133. A mixed start to the day saw EOS fall to an early morning low $4.9165 before rising to a high $5.3415.

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

EOSUSD 260421 Hourly Chart

For the day ahead

EOS would need to avoid a fall back through the $5.0267 pivot level to support a run at the first major resistance level at $5.4425.

Support from the broader market would be needed, however, for EOS to break back through to $5.40 levels.

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

In the event of an extended rally, EOS could test resistance at $6.00 before any pullback. The second major resistance level sits at $5.8789.

Failure to avoid a fall back through the $5.0267 would bring the first major support level at $4.5903 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.1745 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.5903

First Major resistance Level: $5.4425

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 2.18% on Sunday. Following a 5.54% fall from Saturday, Stellar’s Lumen ended the week down by 23.69% to $0.4167.

A mixed start to the day saw Stellar’s Lumen fall to a late morning low $0.4169 before making a move.

Steering clear of the first major support level at $0.4054, Stellar’s Lumen rose to a late afternoon intraday high $0.4450.

While falling short of the first major resistance level at $0.4542, Stellar’s Lumen broke back through the 38.2% FIB of $0.4373.

Late in the day, however, Stellar’s Lumen fell back through the 38.2% FIB to an intraday low $0.4011.

Stellar’s Lumen also fell through the first major support level at $0.4054 before a partial recovery to $0.416 levels.

At the time of writing, Stellar’s Lumen was up by 3.28% to $0.4303. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4143 before rising to a high $0.4317.

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

XLMUSD 260421 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the pivot level at $0.4209 to bring the 38.2% FIB of $0.4373 and the first major resistance level at $0.4408 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.44 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.45 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.47 levels before any pullback. The second major resistance level sits at $0.0.4648.

Failure to avoid a fall back through the $0.4209 pivot would bring the first major support level at $0.3969 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3770.

Looking at the Technical Indicators

First Major Support Level: $0.3969

First Major Resistance Level: $0.4408

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX fell by 1.55% on Sunday. Partially reversing a 5.78% decline from Saturday, Tron’s TRX ended the week down by 29.14% to $0.1017.

A mixed start to the day saw Tron’s TRX fall to a late morning low $0.1012 before making a move.

Steering clear of the first major support level at $0.0982, Tron’s TRX rallied to a late afternoon intraday high $0.1108.

Coming up against the first major resistance level at $0.1110, Tron’s TRX slid to a late intraday low $0.09589.

Tron’s TRX fell through the first major support level at $0.09820 before a partial recovery to $0.101 levels.

At the time of writing, Tron’s TRX was up by 3.86% to $0.1056. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1001 before rising to a high $0.1071.

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

TRXUSD 260421 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.1028 pivot to bring the first major resistance level at $0.1097 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from this morning’s high $0.1071.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.1108 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at the 38.2% FIB of $0.1167. The second major resistance level sits at $0.1177.

Failure to avoid a fall back through the $0.1028 pivot would bring the first major support level at $0.09479 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.0850 levels. The second major support level at $0.8789 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.9479

First Major Resistance Level: $0.1097

23.6% FIB Retracement Level: $0.

38.2% FIB Retracement Level: $0.1167

62% FIB Retracement Level: $0.0748

Please let us know what you think in the comments below

Thanks, Bob