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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 27th 2021

EOS

EOS rallied by 17.20% on Monday. Reversing a 1.60% decline from Sunday, EOS ended the day at $5.8724.

A mixed start to the day saw EOS fall to an early morning intraday low $4.9165 before making a move.

Steering clear of the first major support level at $4.5903, EOS surged to a final hour intraday high $5.9120.

EOS broke through the first major resistance level at $5.4425 and the second major resistance level at $5.8789 before ending the day at $5.872 levels.

At the time of writing, EOS was down by 0.13% to $5.8648. A mixed start to the day saw EOS rise to an early morning high $5.9351 before falling to a low $5.7453.

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

EOSUSD 270421 Hourly Chart

For the day ahead

EOS would need to avoid the $5.5670 pivot level to support a run at the first major resistance level at $6.2174.

Support from the broader market would be needed, however, for EOS to break back through to $6.00 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 the 23.6% FIB of $6.52 before any pullback. The second major resistance level sits at $6.5625.

Failure to avoid a fall through the $5.5670 would bring the first major support level at $5.2219 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level sits at $4.5715.

Looking at the Technical Indicators

First Major Support Level: $5.2219

First Major resistance Level: $6.2174

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 jumped by 16.75% on Monday. Reversing a 2.18% loss from Sunday, Stellar’s Lumen ended the day at $0.4864.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4143 before making a move.

Steering clear of the first major support level at $0.3969, Stellar’s Lumen rallied to a final hour intraday high $0.4865.

Stellar’s Lumen broke through the first major resistance level at $0.4408 and the second major resistance level at $0.4648.

Stellar’s Lumen also broke back through the 38.2% FIB of $0.4373 to end the day at $0.48 levels.

At the time of writing, Stellar’s Lumen was down by 0.91% to $0.4820. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4883 before falling to a low $0.4765.

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

XLMUSD 270421 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall through the pivot level at $0.4624 to bring the first major resistance level at $0.5105 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.50 levels.

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 the 23.6% FIB of $0.5342 before any pullback. The second major resistance level sits at $0.5346.

Failure to avoid a fall through the $0.4624 pivot would bring the first major support level at $0.4383 and the 38.2% FIB of $0.4373 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.40 levels. The second major support level sits at $0.3902.

Looking at the Technical Indicators

First Major Support Level: $0.4383

First Major Resistance Level: $0.5105

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX surged by 14.77% on Monday. Reversing a 1.55% decline on Sunday, Tron’s TRX ended the day at $0.1173.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1001 before making a move.

Steering clear of the first major support level at $0.09479, Tron’s TRX rallied to a late intraday high $0.1180.

Tron’s TRX broke through the first major resistance level at $0.1097 and the second major resistance level at $0.1177.

Tron’s TRX also broke through the 38.2% FIB of $0.1167 before falling back to $0.112 levels.

Finding late support, however, Tron’s TRX broke back through the 38.2% FIB to end the day at $0.1173. The second major resistance level at $0.1177 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was down by 0.29% to $0.1170. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1187 before falling to a low $0.1152.

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

TRXUSD 270421 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through the 38.2% FIB and the $0.1118 pivot to bring the first major resistance level at $0.1235 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.12 levels.

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 test resistance at $0.1350 levels. The second major resistance level sits at $0.1297.

Failure to avoid a fall through the 38.2% FIB of $0.1167 and the $0.1118 pivot would bring the first major support level at $0.1056 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.10 levels. The second major support level sits at $0.09390.

Looking at the Technical Indicators

First Major Support Level: $0.1056

First Major Resistance Level: $0.1235

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