EOS, Stellars Lumen, and Trons TRX – Day by day Evaluation – Aug 24, 2021 – Yahoo Finance

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EOS

EOS rose 3.42% on Monday. After gaining 1.12% on Sunday, EOS ended the day at $ 5.6021.

A mixed start to the day resulted in a fall to an early morning intraday low of $ 5.3690 before moving.

To bypass the first major support level at $ 5.2389, EOS rebounded to an intraday high of $ 5.7033 late in the morning.

EOS hit the first major resistance level at $ 5.5711 and fell to $ 5.50 before finding late support.

At the time of writing, EOS was down 2.23% to $ 5.4782. After a mixed start to the day, EOS rose to an early morning high of $ 5.6608 before falling to a low of $ 5.4259.

EOS left key support and resistance levels untested early on.

For the next day

EOS would have to move back through the $ 5.5581 pivot to bring the first major resistance level into play at $ 5.7473.

Support from the broader market would be required to break Monday’s high at $ 5.7033.

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 $ 5.90 before pulling back. The second major resistance level is at $ 5.8924.

If the $ 5.5581 pivot is not broken, the first major support level at $ 5.4130 would come into play.

However, aside from a prolonged sell-off, EOS should stay away from the second major support level at USD 5.2238

Look at the technical indicators

First major support level: $ 5,4130

First major resistance level: 5.7473

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 1.74% on Monday. After gaining 0.27% on Sunday, Stellar’s Lumen ended the day at $ 0.3791.

A mixed start to the day caused Stellar’s Lumen to drop to an early intraday morning low of $ 0.3702 before moving.

Stellar’s Lumen hit an intraday high of $ 0.3878 late in the morning and hit the first major support level at $ 0.3596.

Stellar’s Lumen hit the first major resistance level at $ 0.3877 and fell below $ 0.3720 before finding support.

The story goes on

At the time of writing, Stellar’s Lumen is down 1.99% to $ 0.3752. After a mixed start to the day, Stellar’s Lumen rose to an early morning high of $ 0.3806 before falling to a low of $ 0.3697.

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

For the coming day

Stellar’s Lumen would have to move back through the $ 0.3790 pivot to bring the first major resistance level into play at $ 0.3879.

However, for Stellar’s Lumen to break back to the $ 0.3850 level, it would require support from the broader market.

Without a prolonged rally, the first major resistance level and Monday’s high at $ 0.3878 would likely limit any upward movement.

In the event of another large-scale crypto rally, Stellars Lumen could test the second major resistance level at $ 0.3966.

Should it not be possible to break the pivot value of $ 0.3790 again, the first major support level at $ 0.3703 would come into play.

Aside from an extended sell-off that day, Stellar’s Lumen should hit levels below $ 0.35. The second major support level at $ 0.3614 should limit the downside.

Look at the technical indicators

First major support level: $ 0.3703

First major resistance level: $ 0.3879

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 2.76% on Monday. Tron’s TRX reversed a 0.84% ​​loss on Sunday to end the day at $ 0.09015.

A mixed start to the day resulted in Tron’s TRX dropping to an early morning intraday low of $ 0.08747 before moving.

To bypass the first major support level at $ 0.08548, Tron’s TRX rose to a late morning intraday high of $ 0.09179.

Tron’s TRX broke the first major resistance level at $ 0.09022 before falling back below $ 0.090.

However, when Tron’s TRX found late support, it broke back to the $ 0.090 level to hit the uptrend that day.

At the time of writing, Tron’s TRX was down 1.83% to $ 0.08850. A mixed start to the day resulted in Tron’s TRX rising to an early morning high of $ 0.09095 before falling to a low of $ 0.08832.

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

For the next day

Tron’s TRX would have to move back through the $ 0.08980 pivot to bring the first major resistance level into play at $ 0.09214.

However, support from the broader market would be required for Tron’s TRX to break back to the $ 0.090 level.

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

In the event of a longer rally, Tron’s TRX could test resistance at $ 0.095 before pulling back. The second major resistance level is at $ 0.09412.

Failure to break back above the pivot value of $ 0.08980 would come into play at the first major support level at $ 0.08782.

However, aside from an extended sell-off, Tron’s TRX should stay well below $ 0.085. The second major support level at $ 0.08548 should limit the downside.

Look at the technical indicators

First major support level: $ 0.08782

First major resistance level: $ 0.09214

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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