EOS, Stellars Lumen, and Trons TRX – Every day Evaluation – Aug 23, 2021 – Yahoo Finance

EOS

EOS rose 1.12% on Sunday. EOS partially reversed a 1.94% loss on Saturday and ended the week down 4.95% to $ 5.4169.

A mixed start to the day resulted in EOS rising to a late morning intraday high of $ 5.5473 before reversing.

EOS missed the first major resistance level at $ 5.5783 and slid to an afternoon intraday low of $ 5.2151.

However, to bypass the first major support level at $ 5.2064, EOS rebounded and ended the day at $ 5.41.

At the time of writing, EOS is down 0.39% to $ 5.3960. After a mixed start to the day, EOS rose to an early morning high of $ 5.4439 before falling to a low of $ 5.3690.

EOS left key support and resistance levels untested early on.

For the coming day

EOS would have to avoid relapsing the $ 5.3931 pivot to bring into play the first major resistance level at $ 5.5711.

Breaking out of the $ 5.50 level would require support from the broader market.

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 $ 5.80 before pulling back. The second major resistance level is at $ 5.7253.

A relapse from the $ 5.3931 pivot would bring the first major support level into play at $ 5.2389.

Aside from a lengthy sell-off, however, EOS should stay away from under $ 5.00. The second major support level at $ 5.0609 should limit the downside.

Look at the technical indicators

First major support level: $ 5.2389

First major resistance level: 5.5711

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 0.27% on Sunday. After falling 3.45% on Saturday, Stellar’s Lumen ended the week down 4.73% to $ 0.3728.

On a bullish morning, Stellar’s Lumen rebounded to a late morning intraday high of $ 0.3895 before entering reverse.

Stellar’s Lumen broke the first major resistance level at $ 0.3819 before slipping to an intraday low at $ 0.3614 in the late afternoon.

The story goes on

The reversal caused Stellar’s Lumen to drop its first major support level at $ 0.3648 before ending the day at $ 0.37.

At the time of writing, Stellar’s Lumen is down 0.26% to $ 0.3718. After a mixed start to the day, Stellar’s Lumen rose to a morning high of $ 0.3749 before falling to a low of $ 0.3702.

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 $ 0.3746 pivot to bring the first major resistance level into play at $ 0.3877.

However, for Stellar’s Lumen to break back to the $ 0.38 level, support from the broader market would be required.

Aside from an extended rally, the first major resistance level and Sunday’s high at $ 0.3895 would likely limit any uptrend.

In the event of another large-scale crypto rally, Stellar’s Lumen could test the second major resistance level at $ 0.4027.

Should it not be possible to break the pivot value of $ 0.3746 again, the first major support level at $ 0.3596 would come into play.

Aside from an extended sell-off that day, Stellar’s Lumen should hit a level below $ 0.35. The second major level of support is at $ 0.3465.

Look at the technical indicators

First major support level: $ 0.3596

First major resistance level: $ 0.3877

23.6% FIB Retracement Level: $ 0.3402

38% FIB Retracement Level: $ 0.4277

62% FIB Retracement Level: $ 0.5690

Trons TRX

Tron’s TRX fell 0.84% ​​on Sunday. After falling 2.58% on Saturday, Tron’s TRX ended the week down 5.77% to $ 0.08773.

A mixed start to the day resulted in Tron’s TRX rising to a late morning intraday high of $ 0.09047 before going into reverse.

Tron’s TRX hit the first major resistance level at $ 0.09040 and slid to an intraday low of $ 0.08676 in the afternoon.

Tron’s TRX fell through the first major support level at $ 0.08701 before ending the day at $ 0.0877.

At the time of writing, Tron’s TRX was up 0.40% to $ 0.08809. A mixed start to the day resulted in Tron’s TRX dropping to an early morning low of $ 0.08747 before rising to a high of $ 0.08861.

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

For the coming day

Tron’s TRX would have to avoid relapsing the $ 0.08798 pivot to bring the first major resistance level into play at $ 0.09022.

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 and Sunday’s high at $ 0.09047 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 $ 0.09272.

A relapse from the $ 0.08798 pivot would bring the first major support level into play at $ 0.08548.

However, aside from an extended sell-off, Tron’s TRX should stay well below $ 0.080. The second major support level at $ 0.08324 should limit the downside.

Look at the technical indicators

First major support level: $ 0.08548

First major resistance level: $ 0.09022

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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