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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 14th, 2021

EOS

EOS rallied by 6.70% on Wednesday. Reversing a 2.84% fall from Tuesday, EOS ended the day at $2.7708.

A mixed start to the day saw EOS slide to an early morning intraday low $2.5054 before making a move.

Steering clear of the first major support level at $2.4678, EOS rose to a late intraday high $2.8199.

EOS broke through the first major resistance level at $2.7555 to wrap up the day at $2.77 levels.

At the time of writing, EOS was down by 0.36% to $2.7610. A mixed start to the day saw EOS rise to an early morning high $2.8297 before falling to a low $2.7335.

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

EOSUSD 140121 Daily Chart

For the day ahead

EOS would need to avoid a fall through the $2.6987 pivot level to support a run at the first major resistance level at $2.8920.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.8297.

Barring an extended crypto rally, the first major resistance level and resistance at $2.90 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $3.10 before any pullback. The second major resistance level sits at $3.0132.

Failure to avoid a fall through the pivot level at $2.6987 would bring the first major support level at $2.5775 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels, however. The second major support level sits at $2.3842.

Looking at the Technical Indicators

First Major Support Level: $2.5775

First Major resistance Level: $2.8920

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 rallied by 8.72% on Wednesday. Following on from a 2.87% gain on Tuesday, Stellar’s Lumen ended the day at $0.30397.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2720 before making a move.

Steering clear of the first major support level at $0.2515, Stellar’s Lumen rallied to a late intraday high $0.3100.

Stellar’s Lumen broke through the 38.2% FIB of $0.2823 to visit $0.31 levels.

Coming up against the first major resistance level at $0.3096, Stellar’s Lumen eased back to end the day at sub-$0.03050 levels.

At the time of writing, Stellar’s Lumen was up by 0.54% to $0.3056. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3038 before rising to a high $0.3098.

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

XLMUSD 140121 Daily Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.2953 pivot to bring the first major resistance level at $0.3187 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.31 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 $0.33 before any pullback. The second major resistance level sits at $0.3333.

Failure to avoid a fall through the $0.2953 pivot would bring the 38.2% FIB of $0.2823 and the first major support level at $0.2807 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.027 levels. The second major support level sits at $0.2573.

Looking at the Technical Indicators

First Major Support Level: $0.2807

First Major Resistance Level: $0.2953

23.6% FIB Retracement Level: $0.3187

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX rallied by 7.24% on Wednesday. Reversing a 0.48% loss from Tuesday, Tron’s TRX ended the day at $0.03066.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.02716 before making a move.

Finding support at the first major support level at $0.02713, Tron’s TRX rallied to a late intraday high $0.03109.

Tron’s TRX broke through the 23.6% FIB of $0.0291 and the first major resistance level at $0.03080.

A late pullback, however, saw Tron’s TRX fall back through the first major resistance level to end the day at $0.0306 levels.

At the time of writing, Tron’s TRX was down by 1.21% to $0.03029. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.03208 before falling to a low $0.02978.

Early in the day, Tron’s TRX tested the first major resistance level at $0.03211.

TRXUSD 140121 Daily Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.02964 pivot and the 23.6% FIB of $0.0291 to bring the first major resistance level at $0.03211 back into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.032 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 resistance at $0.33 before any pullback. The second major resistance level sits at $0.03357.

Failure to avoid a fall through the $0.02964 pivot and the 23.6% FIB would bring the first major support level at $0.02818 into play.

Barring another extended sell-off on the day, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level at $0.02571 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.02818

First Major Resistance Level: $0.02964

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