EOS, Stellars Lumen, and Trons TRX – Every day Evaluation – Aug 30, 2021 – Yahoo Finance

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EOS

EOS rose 1.11% on Sunday. EOS partially reversed a 1.58% decline from Saturday and ended the week down 6.48% to $ 5.0656.

A mixed start to the day caused EOS to climb to an early morning intraday high of $ 5.2848 before reversing.

EOS broke the first major resistance level at $ 5.1172 before slipping to an intraday low of $ 4.9796 that afternoon.

However, to bypass the first major support level at $ 4.8944, EOS revisited the $ 5.15 level before falling.

At the time of writing, EOS is down 0.67% to $ 5.0317. After a mixed start to the day, EOS rose to an early morning high of $ 5.0805 before falling to a low of $ 5.0162.

EOS left key support and resistance levels untested early on.

For the next day

EOS would have to move through the $ 5.1100 pivot to bring into play the first major resistance level at $ 5.2404.

Support from the broader market would be required to break back to the $ 5.20 level.

Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 5.2848 would likely limit any uptrend.

In the event of a longer rally, EOS could test resistance at $ 5.50 before pulling back. The second major resistance level is at $ 5.4152.

If the $ 5.1100 pivot is not broken, the first major support level at $ 4.9352 would come into play.

Aside from a lengthy sell-off, however, EOS should stay away from below $ 4.80. The second major support level at $ 4.8048 should limit the downside.

Look at the technical indicators

First major support level: $ 4.9352

First major resistance level: $ 5.2404

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 1.32% on Sunday. After falling 2.58% on Saturday, Stellar’s Lumen ended the week down 7.91% to $ 0.3433.

After a mixed start to the day, Stellar’s Lumen rose to an early morning intraday high of $ 0.3536 before reversing.

Stellar’s Lumen fell below the first major resistance level of $ 0.3577 and fell to an intraday low of $ 0.3412 early this morning.

The story goes on

However, Stellar’s Lumen hit the first major support level at $ 0.3405 and hit the $ 0.35 level before falling again.

At the time of writing, Stellar’s lumen rose 0.47% to $ 0.3449. A mixed start to the day caused Stellar’s Lumen to drop to an early morning low of $ 0.3421 before rising to a high of $ 0.3450.

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

For the coming day

Stellar’s lumen would have to move through the $ 0.3460 pivot to bring the first major resistance level into play at $ 0.3509.

However, for Stellar’s Lumen to break back to the $ 0.35 level, support from the broader market would be required.

Aside from an extended rally, the first major resistance level and the high of $ 0.3536 would likely limit any upside move.

In the event of another large-scale crypto rally, Stellar’s Lumen could test resistance at $ 0.36 before pulling back. The second major resistance level is at $ 0.3584.

If the $ 0.3460 pivot is not broken, the 23.6% FIB of $ 0.3402 and the first major support level at $ 0.3385 ($ 0.3385) would come into play come.

Aside from an extended sell-off that day, Stellar’s Lumen should bypass the second major support level at $ 0.3336.

Look at the technical indicators

First major support level: $ 0.3385

First major resistance level: $ 0.3509

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 0.25% on Sunday. After gaining 0.79% on Saturday, Tron’s TRX ended the week up 0.68% to $ 0.08833.

A mixed start to the day resulted in Tron’s TRX rallying to an early morning intraday high of $ 0.09064 before reversing.

Tron’s TRX broke the first major resistance level at $ 0.08969 before falling to an early morning intraday low of $ 0.08661.

Tron’s TRX fell through the first major support level at $ 0.08677 before hitting the $ 0.090 level again.

After a troubled second half of the day, Tron’s TRX rebounded from a second drop to $ 0.086 and ended the day at $ 0.088.

At the time of writing, Tron’s TRX was up 0.28% to $ 0.08858. A mixed start to the day resulted in Tron’s TRX dropping to an early morning low of $ 0.08797 before rising to a high of $ 0.08900.

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

For the next day

Tron’s TRX would need to avoid relapsing through the $ 0.08853 pivot to bring into play the first major resistance level at $ 0.09044.

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 $ 0.09064 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 $ 0.09256.

A relapse from the $ 0.08853 pivot would bring the first major support level into play at $ 0.08641.

However, aside from an extended sell-off, Tron’s TRX should stay well below $ 0.085. The second major level of support is at $ 0.08450.

Look at the technical indicators

First major support level: $ 0.08641

First major resistance level: $ 0.09044

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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