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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 28th, 2021

EOS

EOS rose by 3.40% on Tuesday. Following a 17.20% breakout on Monday, EOS ended the day at $6.0656.

A mixed start to the day saw EOS fall to an early morning intraday low $5.7453 before making a move.

Steering clear of the first major support level at $5.2219, EOS rallied to a late morning intraday high $6.1348.

Falling short of the first major resistance level at $6.2174, EOS fell back to sub-$5.80 levels before wrapping up the day at $6.0 levels.

At the time of writing, EOS was up by 2.09% to $6.1925. A mixed start to the day saw EOS fall to an early morning low $6.0579 before rising to a high $6.2402.

EOS broke through the first major resistance level at $6.2185 early on before easing back.

EOSUSD 280421 Hourly Chart

For the day ahead

EOS would need to avoid the $5.9819 pivot level to support another run at the first major resistance level at $6.2185.

Support from the broader market would be needed, however, for EOS to break back through to $6.20 levels.

Barring an extended crypto rally, the first major resistance level and this morning’s high $6.2402 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 $6.3714.

Failure to avoid a fall through the $5.9819 would bring the first major support level at $5.8290 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level at $5.5924 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $5.8290

First Major resistance Level: $6.2185

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 5.02% on Tuesday. Following on from a 16.75% jump on Monday, Stellar’s Lumen ended the day at $0.5105.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.4765 before making a move.

Steering clear of the first major support level at $0.4383, Stellar’s Lumen rallied to a late morning intraday high $0.5228.

Stellar’s Lumen broke through the first major resistance level at $0.5105 before falling back to sub-$0.50 levels.

Finding late support, however, Stellar’s Lumen broke back through the first major resistance level to end the day at $0.51 levels.

At the time of writing, Stellar’s Lumen was up by 0.66% to $0.5139. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.5098 before rising to a high $0.5173.

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

XLMUSD 280421 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall through the pivot level at $0.5033 to bring the first major resistance level at $0.5300 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Tuesday’s high $0.5228.

Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $0.5342 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.55 levels before any pullback. The second major resistance level sits at $0.5496.

Failure to avoid a fall through the $0.5033 pivot would bring the first major support level at $0.4837 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the 38.2% FIB of $0.4373. The second major support level at $0.4570 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.4837

First Major Resistance Level: $0.5300

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX rallied by 7.13% on Tuesday. Following on from a 14.77% surge on Monday, Tron’s TRX ended the day at $0.1262.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1152 before making a move.

While steering clear of the first major support level at $0.1056, Tron’s TRX fell through the 38.2% FIB of $0.1167.

Finding early morning support, however, Tron’s TRX rallied to a late morning intraday high $0.1293.

Tron’s TRX broke through the 38.2% FIB and the first major resistance level at $0.1235 before easing back. Coming up against the second major resistance level at $0.1297, Tron’s TRX fell back to sub-$0.1210 levels.

Finding late support, however, retested the first major resistance level at $0.1235 before ending the day at $0.1233 levels.

At the time of writing, Tron’s TRX was up by 2.04% to $0.1287. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1257 before rising to a high $0.1288.

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

TRXUSD 280421 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.1236 pivot to bring the first major resistance level at $0.1319 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.13 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 the 23.6% FIB of $0.1426. The second major resistance level sits at $0.1377.

Failure to avoid a fall through the $0.1236 pivot would bring the first major support level at $0.1178 and the 38.2% FIB of $0.1167 into play.

Barring an extended sell-off, Tron’s TRX should steer clear of sub-$0.11 levels. The second major support level sits at $0.1095.

Looking at the Technical Indicators

First Major Support Level: $0.1178

First Major Resistance Level: $0.1319

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