EOS, Stellars Lumen, and Trons TRX – Daily Analysis – July 27, 2021

EOS

EOS rose 0.52% on Monday. EOS reversed a 0.25% loss on Sunday to end the day at $ 3.6822.

A bullish start to the day caused EOS to rally to a late intraday high of $ 3.9980 before reversing.

EOS broke the day’s major resistance levels before a late pullback.

The pullback caused EOS to fall back through the main resistance level of the day, ending the day below $ 3.70.

At the time of writing, EOS is down 1.14% to $ 3.6402. After a mixed start to the day, EOS rose to an early morning high of $ 3.7572 before falling to a low of $ 3.6241.

EOS left key support and resistance levels untested early on.

For the next day

EOS would have to move through the $ 3.7704 pivot to bring into play the first major resistance level at $ 3.9098.

Support from the broader market would be required for EOS to break back to the $ 3.90 level.

Aside from an extended crypto rally, the first major resistance level would likely limit any uptrend.

In the event of a longer rally, EOS could test resistance at Monday’s high at $ 3.9980. The second major resistance level is at $ 4.1375.

If the $ 3.7704 pivot is not broken, the first major support level at $ 3.5427 would come into play.

Aside from another lengthy sell-off, however, EOS should stay away from under $ 3.50. The second major level of support is at $ 3.4033.

Look at the technical indicators

First major support level: $ 3.5427

First major resistance level: 3.9098

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 0.50% on Monday. After falling 2.02% on Sunday, Stellars Lumen closed at $ 0.2605.

A bullish start caused Stellar’s lumens to rally to an intraday high of $ 0.2846 in the morning before reversing.

Stellar’s Lumen broke the first major resistance level at $ 0.2684 and the second major resistance level at $ 0.2749.

However, the reversal caused Stellar’s Lumen to slide back through key resistance levels to the late intraday low of $ 0.2566.

The story goes on

To bypass the first major support level at $ 0.2545, Stellar’s Lumen found support to end the day at $ 0.26.

At the time of writing, Stellar’s Lumen is down 2.78% to $ 0.2533. After a mixed start to the day, Stellar’s Lumen rose to an early morning high of $ 0.2631 before falling to a low of $ 0.2533.

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

For the next day

Stellar’s lumen would have to move through the $ 0.2672 pivot to bring the first major resistance level into play at $ 0.2779.

However, for Stellar’s Lumen to break out of $ 0.2750 would require support from the broader market.

Aside from an extended rally, the first major resistance level and resistance at $ 0.28 would likely limit any uptrend.

In the event of another large-scale crypto rally, Stellar’s Lumen could test resistance at $ 0.30 before pulling back. The second major resistance level is at $ 0.2952.

Failure to cross the $ 0.2672 pivot would bring the first major support level into play at $ 0.2499.

Aside from another lengthy sell-off that day, Stellar’s Lumen should stay well below $ 0.24. The second major level of support is at $ 0.2392.

Look at the technical indicators

First major support level: $ 0.2499

First major resistance level: $ 0.2779

23.6% FIB Retracement Level: $ 0.3402

38% FIB Retracement Level: $ 0.4277

62% FIB Retracement Level: $ 0.5690

Trons TRX

Tron’s TRX rose 0.71% on Monday. After rising 0.85% on Sunday, Tron’s TRX ended the day at $ 0.05851.

A mixed start to the day resulted in Tron’s TRX dropping to an early morning intraday low of $ 0.05752 before moving.

To bypass the first major support level at $ 0.05635, Tron’s TRX rebounded to an intraday high of $ 0.06379 in the late afternoon.

Tron’s TRX broke the day’s major resistance levels before going into reverse.

The reversal caused Tron’s TRX to fall back through major resistance levels, ending the day below $ 0.059.

At the time of writing, Tron’s TRX is down 1.30% to $ 0.05775. A mixed start to the day resulted in Tron’s TRX rising to an early morning high of $ 0.05968 before rising to a high of $ 0.05772.

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

For the next day

Tron’s TRX would have to move through the $ 0.05994 pivot to bring the first major resistance level into play at $ 0.06236.

However, support from the broader market would be required for Tron’s TRX to climb back to the $ 0.060 level.

Aside from an extended crypto rally, the first major resistance level and Monday’s high at $ 0.06379 would likely limit any uptrend.

In the event of an extended rally, Tron’s TRX could test the second major resistance level at $ 0.06621.

Failure to cross the $ 0.05994 pivot would bring the first major support level into play at $ 0.05609.

However, aside from a prolonged sell-off, Tron’s TRX should stay away from the second major support level at $ 0.05367.

Look at the technical indicators

First major support level: $ 0.05609

First major resistance level: $ 0.06236

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

This article was originally published on FX Empire

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