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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 16th, 2021

EOS

EOS fell by 7.07% on Monday. Following on from an 8.83% slide on Sunday, EOS ended the day at $4.7128.

A mixed start to the day saw EOS rise to an early morning intraday high $5.2625 before hitting reverse.

Falling short of the first major resistance level at $5.5354, EOS slid to an early morning intraday low $4.1467.

EOS fell through the first major support level at $4.7369 and the second major support level at $4.3984

Steering clear of sub-$4.00 levels, EOS briefly revisited $5.08 levels before falling back into the deep red.

The late pullback saw EOS fall back through the first major support level at $4.7369.

At the time of writing, EOS was down by 1.03% to $4.6641. A mixed start to the day saw EOS rise to an early morning high $4.7295 before falling to a low $4.5108.

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

EOSUSD 160221 Hourly Chart

For the day ahead

EOS would need to move back through the $4.7073 pivot level to support a run at the first major resistance level at $5.2680.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $5.2625.

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 $5.50 before any pullback. The second major resistance level sits at $5.8231.

Failure to move back through the pivot level at $4.7073 would bring the first major support level at $4.1522 into play.

Barring an extended sell-off, however, EOS should continue to steer clear of sub-$4.00 levels. The second major support level sits at $3.5915.

Looking at the Technical Indicators

First Major Support Level: $4.1522

First Major resistance Level: $5.2680

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 4.20% on Monday. Following on from an 8.66% slide on Sunday, Stellar’s Lumen ended the day at $0.4950.

A bearish start to the day saw Stellar’s Lumen slide to an early morning intraday low $0.4302 before making a move.

Stellar’s Lumen fell through the first major support level at $0.4829 and the second major support level at $0.4492.

Steering clear of sub-$0.40 levels, Stellar’s Lumen rallied to a late intraday high $0.5400 before hitting reverse.

Falling short of the first major resistance level at $0.5643, Stellar’s Lumen fell back through the first major support level.

Finding late support, however, a move back through the first major support level to $0.49 levels reduced the deficit on the day.

At the time of writing, Stellar’s Lumen was up by 0.13% to $0.4965. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.4805 before rising to a high $0.5000.

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

XLMUSD 160221 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall back through pivot level at $0.4884 to bring the first major resistance level at $0.5466 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Monday’s high $0.5400.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.5400 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.60. The second major resistance level sits at $0.5982.

Failure to avoid a fall back through the $0.4884 pivot would bring the first major support level at $0.4368 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.40 levels. The second major support level sits at $0.3786.

Looking at the Technical Indicators

First Major Support Level: $0.4368

First Major Resistance Level: $0.5466

23.6% FIB Retracement Level: $0.3426

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX fell by 7.50% on Monday. Following on from an 8.28% slide on Sunday, Tron’s TRX ended the day at $0.05082.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05664 before hitting reverse.

Falling short of the first major resistance level at $0.06032, Tron’s TRX slid to an early morning intraday low $0.04592.

The reversal saw Tron’s TRX fall through the first major support level at $0.05132 and the second major support level at $0.04716.

Finding support through the day, Tron’s TRX revisited $0.055 levels before sliding back into the deep red.

The late pullback saw Tron’s TRX fall back through the first major support level at $0.05132.

At the time of writing, Tron’s TRX was up by 0.30% to $0.05097. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.04892 before rising to a high $0.05160.

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

TRXUSD 160221 Hourly Chart

For the Day Ahead

Tron’s TRX need to move back through pivot level at $0.05113 to bring the first major resistance level at $0.05633 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.055 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.05664 would likely cap any upside.

In the event of an extended rally Tron’s TRX could test resistance at $0.060 before any pullback. The second major resistance level sits at $0.06185.

Failure to move back through the $0.05113 pivot would bring the first major support level at $0.04561 into play.

Barring an extended sell-off on the day, Tron’s TRX should steer clear of the second major support level at $0.04041.

Looking at the Technical Indicators

First Major Support Level: $0.04561

First Major Resistance Level: $0.05633

23.6% FIB Retracement Level: $0.03211

38.2% FIB Retracement Level: $0.0428

62% FIB Retracement Level: $0.0648

Please let us know what you think in the comments below

Thanks, Bob