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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – May 26th, 2021

EOS

EOS rose by 1.03% on Tuesday. Consolidating a 31.34% surge from Monday, EOS ended the day at $5.70

A bullish start to the day saw EOS rise to an early morning intraday high $6.0353 before hitting reverse.

Falling short of the first major resistance level at $6.1391, EOS slid to a mid-day intraday low $5.0657.

Steering clear of the first major support level at $4.6697, EOS revisited $5.71 levels before easing back.

At the time of writing, EOS was down by 1.08% to $5.6423. A mixed start to the day saw EOS rise to an early morning high $5.7159 before falling to a low $5.5506.

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

EOSUSD 260521 Hourly Chart

For the day ahead

EOS would need to avoid a fall back through the $5.6016 pivot to bring the first major resistance level at $6.1376 into play.

Support from the broader market would be needed for EOS to break back through to $6.0 levels.

Barring a broad-based crypto rebound, the first major resistance level and Tuesday’s high $6.0353 would likely cap any upside.

In the event of an extended breakout, EOS could test resistance at the 23.6% FIB of $6.52. The second major resistance level sits at $6.5712.

Failure to avoid a fall back through the $5.6016 pivot and would bring the first major support level at $5.1680 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level at $4.6320.

Looking at the Technical Indicators

First Major Support Level: $5.1680

First Major resistance Level: $6.1376

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 2.43% on Tuesday. Partially reversing a 20.86% rally from Monday, Stellar’s Lumen ended day at $0.4294.

A mixed start to the day saw Stellar’s Lumen rise to mid-morning intraday high $0.4615 before hitting reverse.

Falling short of the first major resistance level at $0.4728, Stellar’s Lumen fell to a mid-day intraday low $0.4069.

Steering clear of the first major support level at $0.3843, Stellar’s Lumen revisited $0.43 levels before easing back.

At the time of writing, Stellar’s Lumen was down by 0.03% to $0.4293. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4321 before falling to a low $0.4210.

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

XLMUSD 260521 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move through the $0.4326 pivot to bring the first major resistance level at $0.4583 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.45 levels.

Barring an extended rally, the first major resistance level and Tuesday’s high $0.4615 would likely cap any upside.

In the event of a broad-based crypto rebound, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.5035. The second major resistance level sits at $0.4872.

Failure to move through the $0.4326 pivot would bring the first major support level at $0.4037 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3780.

A sustained fall through the 62% FIB of $0.3216 would form a near-term bearish trend from 16th May’s swing hi $0.7978.

Looking at the Technical Indicators

First Major Support Level: $0.4037

First Major Resistance Level: $0.4583

23.6% FIB Retracement Level: $0.6160

38% FIB Retracement Level: $0.5035

62% FIB Retracement Level: $0.3216

Tron’s TRX

Tron’s TRX rose by 0.28% on Tuesday. Following a 22.38% rally from Monday, Tron’s TRX ended the day at $0.07754.

Tracking the broader market, Tron’s TRX rose to an early morning intraday high $0.08144 before hitting reverse.

Falling short of the first major resistance level at $0.08244, Tron’s TRX slid to a late morning intraday low $0.07130.

While steering clear of the first major support level at $0.06707, Tron’s TRX fell through the 62% FIB of $0.07480.

Finding late support, however, Tron’s TRX broke back through the 62% FIB to end the day at $0.077 levels.

At the time of writing, Tron’s TRX was down by 0.64% to $0.07704. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07803 before falling to a low $0.07573.

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

TRXUSD 260521 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the pivot at $0.07676 to bring the first major resistance level at $0.08222 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.08144.

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

In the event of a broad-based crypto rally, Tron’s TRX could test the second major resistance level at $0.08690.

Failure to avoid a fall back through the $0.07676 pivot would bring the 62% FIB of $0.07480 and the first major support level at $0.07208 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.070 levels. The second major support level sits at $0.06662.

A sustained fall back through the 62% FIB of $0.0748 would form a near-term bearish trend from April’s swing hi $0.1844.

Looking at the Technical Indicators

First Major Support Level: $0.07208

First Major Resistance Level: $0.08222

23.6% FIB Retracement Level: $0.1426

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