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

EOS

EOS rose by 2.31% on Tuesday. Following a modest 0.52% gain on Monday, EOS ended the day at $3.7629.

A mixed start to the day saw EOS slide to an early morning intraday low $3.6029 before making a move.

Steering clear of the first major support level at $3.5427, EOS rose to an early afternoon intraday high $3.7902.

Falling short of the first major resistance level at $3.9098, however, EOS fell back to sub-$3.70 levels before finding late support.

At the time of writing, EOS was down by 1.23% to $3.7165. A mixed start to the day saw EOS rise to an early morning high $3.7656 before falling to a low $3.7135.

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

EOSUSD 280721 Hourly Chart

For the day ahead

EOS would need to move back through the $3.7187 pivot to bring the first major resistance level at $3.8344 into play.

Support from the broader market would be needed for EOS to break back through to $3.80 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 $3.90. The second major resistance level sits at $3.9060.

Failure to move back through the $3.7187 pivot would bring the first major support level at $3.6471 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.55 levels. The second major support level sits at $3.5314.

Looking at the Technical Indicators

First Major Support Level: $3.6471

First Major resistance Level: 3.8344

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 1.00% on Tuesday. Reversing a 0.50% decline from Monday, Stellar’s Lumen ended the at $0.2631.

A bearish start saw Stellar’s Lumen slide to an early morning intraday low $0.2513 before making a move.

Steering clear of the first major support level at $0.2499, Stellar’s Lumen rallied to an early afternoon intraday high $0.2703.

Falling short of the first major resistance level at $0.2779, Stellar’s Lumen slid back to sub-$0.26 levels before finding late support.

A late move back through to $0.263 levels delivered the upside for the day.

At the time of writing, Stellar’s Lumen was down by 1.19% to $0.2599. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2634 before falling to a low $0.2598.

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

XLMUSD 280721 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move back through the $0.2616 pivot to bring the first major resistance level at $0.2718 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.2703.

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

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.28 before any pullback. The second major resistance level sits at $0.2806.

Failure to move back through the $0.2616 pivot would bring the first major support level at $0.2528 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.24 levels. The second major support level at $0.2426 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2528

First Major Resistance Level: $0.2718

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX rose by 2.60% on Tuesday. Following a 0.71% gain on Monday, Tron’s TRX ended the day at $0.06003.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.05671 before making a move.

Steering clear of the first major support level at $0.05609, Tron’s TRX rallied to an early afternoon intraday high $0.06111.

Falling short of the first major resistance level at $0.6236, however, Tron’s TRX eased back to end the day at sub-$0.06010 levels.

At the time of writing, Tron’s TRX was up by 0.36% to $0.6024. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05954 before rising to a high $0.06105

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

TRXUSD 280721 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid the $0.05928 pivot to bring the first major resistance level at $0.06186 into play.

Support from the broader market would be needed, however, for Tron’s TRX to move back through to $0.061 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.062 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06368.

A fall through the $0.05928 pivot would bring the first major support level at $0.05746 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05488.

Looking at the Technical Indicators

First Major Support Level: $0.05746

First Major Resistance Level: $0.06186

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob