EOS, Stellars Lumen, and Trons TRX – Daily Analysis – March 3, 2021

EOS

EOS was down 1.09% on Tuesday. EOS partially reversed a 6.52% increase from Monday, ending the day at $ 3.6727.

A mixed start to the day caused EOS to rally to a late morning intraday high of $ 3.8644 before hitting the setback.

EOS broke the first major resistance level at $ 3.8507 before slipping to a late intraday low of $ 3.5598.

To bypass the first major support level at $ 3.5090, EOS found support to end the day at $ 3.67.

At the time of writing, EOS was up 0.62% to $ 3.6954. A mixed start to the day resulted in EOS falling to an early morning low of $ 3.6367 before rising to a high of $ 3.7137.

EOS left key support and resistance levels untested early on.

For the next day

EOS would have to move back through the $ 3.6990 pivot level to support a run to the first major resistance level at $ 3.8381.

However, for EOS to break back to the $ 3.80 level, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level and Tuesday’s high at $ 3.8644 would likely limit any uptrend.

In the event of a longer rally, EOS could test resistance at $ 4.00 before pulling back. The second major resistance level is at $ 4.0036.

Should it fail to break the $ 3.6990 pivot value, the first major support level at $ 3.5335 would come into play.

However, aside from an extended sell-off, EOS should avoid the second major support level at $ 3.3944.

Look at the technical indicators

First major support level: $ 3.5335

First major resistance level: $ 3.8381

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 2.78% on Tuesday. Stellar’s Lumen ended the day at $ 0.4192.

A bullish start to the day caused Stellar’s Lumen to climb to an early morning intraday high of $ 0.4364 before reversing.

Stellar’s Lumen fell below the first major resistance level of $ 0.4449 and fell to a late intraday low of $ 0.3969.

The story goes on

The sell-off caused Stellar’s Lumen to break the first major support level at $ 0.4093 before finding support.

A late move back through the first major support level to end the day at $ 0.419.

At the time of writing, Stellar’s Lumen is down 0.39% to $ 0.4176. After a mixed start to the day, Stellar’s Lumen fell to an early morning low of $ 0.4120 before rising to a high of $ 0.4203.

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

For the next day

Stellar’s Lumen would have to avoid relapsing through the pivot level at $ 0.4175 to bring the first major resistance level into play at $ 0.4381.

However, support from the broader market would be required for Stellar’s lumen break to the $ 0.43 level.

Aside from an extended crypto rally, Tuesday’s first major resistance level and high at $ 0.4364 would likely limit any uptrend.

In the event of a longer rally, Stellar’s Lumen could test the second major resistance level at $ 0.4570 and the resistance at $ 0.46.

Failure to avoid relapsing the $ 0.4175 pivot would come into play at the first major support level at $ 0.3986.

However, aside from another lengthy crypto sell-off, Stellar’s Lumen should avoid the second major support level at $ 0.3780.

Look at the technical indicators

First major support level: $ 0.3986

First major resistance level: $ 0.4381

23.6% FIB Retracement Level: $ 0.3426

38% FIB Retracement Level: $ 0.2823

62% FIB Retracement Level: $ 0.1850

Trons TRX

Tron’s TRX was down 1.26% on Tuesday. Tron’s TRX, which partially reversed a 4.22% increase from Monday, ended the day at $ 0.04706.

A choppy start to the day caused Tron’s TRX to climb to an intraday high of $ 0.04947 in the early afternoon before going into reverse.

Tron’s TRX broke the first major resistance level at $ 0.04921 before sliding to a late intraday low at $ 0.04519.

The sell-off caused Tron’s TRX to drop through the first major support level at $ 0.04542 before finding support.

Late in the day, Tron’s TRX is moving back to the $ 0.047 level to try to reduce the deficit that day.

At the time of writing, Tron’s TRX was up 1.14% to $ 0.04760. A mixed start to the day resulted in Tron’s TRX dropping to an early morning low of $ 0.04624 before rising to a high of $ 0.04779.

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

For the next day

Tron’s TRX must avoid relapsing through the pivot level at $ 0.04724 to bring the first major resistance level into play at $ 0.04929.

However, support from the broader market would be required for Tron’s TRX to break back to the $ 0.049 level.

Aside from an extended crypto rally, Tuesday’s first major resistance level and $ 0.04947 high would likely limit any uptrend.

In the event of a lengthy rally, Tron’s TRX could test resistance at $ 0.051 before pulling back. The second major resistance level is at $ 0.05152.

Failure to avoid relapsing the $ 0.04724 pivot would come into play at the first major support level at $ 0.04501.

However, aside from a prolonged sell-off, Tron’s TRX should stay away from the second major support level at $ 0.04296 and the 38.2% FIB at $ 0.04280.

Look at the technical indicators

First major support level: $ 0.04501

First major resistance level: $ 0.04929

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

This article was originally published on FX Empire

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