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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – April 29th, 2021

EOS

EOS fell by 1.83% on Wednesday. Partially reversing a 3.40% gain from Tuesday, EOS ended the day at $5.9605.

A bullish start to the day saw EOS rise to an early morning intraday high $6.2331 before hitting reverse.

EOS broke through the first major resistance level at $6.2185 before sliding to a mid-morning intraday low $5.6859.

The reversal saw EOS fall through the first major support level at $5.8290 before finding support.

Late in the day, EOS briefly revisited $6.00 levels before falling back to end the day at sub-$6.00 levels.

At the time of writing, EOS was down by 0.91% to $5.9060. A mixed start to the day saw EOS rise to an early morning high $5.9691 before falling to a low $5.8754.

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

EOSUSD 290421 Hourly Chart

For the day ahead

EOS would need to move back through the $5.9598 pivot level to support a run at the first major resistance level at $6.2338.

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 Wednesday’s high $6.2331 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 $6.5070.

Failure to move back through through the $5.9598 would bring the first major support level at $5.6866 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$5.50 levels. The second major support level sits at $5.4126.

Looking at the Technical Indicators

First Major Support Level: $5.6866

First Major resistance Level: $6.2338

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 2.53% on Wednesday. Partially reversing a 5.02% gain from Tuesday, Stellar’s Lumen ended the day at $0.4976.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.5220 before hitting reverse.

Falling short of the first major resistance level at $0.5300, Stellar’s Lumen slid to a mid-morning intraday low $0.4740.

Stellar’s Lumen fell through the first major support level at $0.4837 before briefly revisiting $0.50 levels late in the day.

At the time of writing, Stellar’s Lumen was down by 0.90% to $0.4931. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4996 before falling to a low $0.4926.

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

XLMUSD 290421 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move back through the pivot level at $0.4979 to bring the first major resistance level at $0.5217 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.52 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.5220 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 $0.5459.

Failure to move back through the $0.4979 pivot would bring the first major support level at $0.4737 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 $0.4499 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.4737

First Major Resistance Level: $0.5217

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX fell by 3.01% on Wednesday. Partially reversing a 7.13% rally from Tuesday, Tron’s TRX ended the day at $0.1224.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.1303 before hitting reverse.

Falling short of the first major resistance level at $0.1319, Tron’s TRX slid to a mid-day intraday low $0.1159.

The reversal saw Tron’s TRX fall through the first major support level at $0.1178 and the 38.2% FIB of $0.1167.

Finding late morning support, however, Tron’s TRX revisited $0.124 levels before easing back to end the day at $0.122 levels.

At the time of writing, Tron’s TRX was down by 0.47% to $0.1218. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1237 before falling to a low $0.1213.

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

TRXUSD 290421 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move back through the $0.1229 pivot to bring the first major resistance level at $0.1298 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.1250 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.1303 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 $0.1373.

Failure to move back through the $0.1229 pivot would bring the 38.2% FIB of $0.1167 and the first major support level at $0.1154 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 $0.1085.

Looking at the Technical Indicators

First Major Support Level: $0.1154

First Major Resistance Level: $0.1298

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