• eosEOS$13.9852.40%

EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 8th, 2021 – FX Empire

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For the day ahead

Stellar’s Lumen would need to move back through the pivot level at $0.4122 to bring the first major resistance level at $0.4228 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from Sunday’s high $0.4223.

Barring an extended crypto rally, the first major resistance level and Sunday’s high would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test the second major resistance level at $0.4328.

Failure to move back through the $0.4122 pivot would bring the first major support level at $0.4022 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.40 levels. The second major support level sits at $0.3916.

Looking at the Technical Indicators

First Major Support Level: $0.4022

First Major Resistance Level: $0.4228

23.6% FIB Retracement Level: $0.3426

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX rose by 2.14% on Sunday. Following on from a 0.26% gain on Saturday, Tron’s TRX ended the week up by 12.62% to $0.05148.

A choppy start to the day saw Tron’s TRX fall to an early morning intraday low $0.04893 before making a move.

Steering clear of the first major support level at $0.04806, Tron’s TRX rallied to a final hour intraday high $0.05354.

Tron’s TRX broke through the first major resistance level at $0.05217 before falling back to end the day at sub-$0.052 levels.

At the time of writing, Tron’s TRX was down by 1.24% to $0.05084. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05287 before falling back to a low $0.05027.

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

Source: fxempire.com

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