• eosEOS$4.08-0.18%

EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 20th, 2021 – FX Empire

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For the day ahead

Stellar’s Lumen would need to move through the $0.2177 pivot to bring the first major resistance level at $0.2247 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to move back through to $0.22 levels.

Barring an extended rally, the first major resistance level and resistance at $0.23 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.24 before any pullback. The second major resistance level sits at $0.2382.

Failure to move through the $0.2177 pivot would bring the first major support level at $0.2042 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.20 levels. The second major support level sits at $0.1972.

Looking at the Technical Indicators

First Major Support Level: $0.2042

First Major Resistance Level: $0.2247

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX fell by 4.65% on Monday. Following a 0.32% decline on Sunday, Tron’s TRX ended the day at $0.05334.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.05639 before hitting reverse.

Falling short of the first major resistance level at $0.05738, Tron’s TRX slid to a late intraday low $0.05315.

Tron’s TRX fell through the first major support level at $0.05485 and the second major support level at $0.05375.

Finding late support, however, Tron’s TRX briefly moved back through the second major support level before ending the day at $0.0533 levels.

At the time of writing, Tron’s TRX was up by 1.39% to $0.05408. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05303 before rising to a high $0.05450.

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

Source: fxempire.com

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