• eosEOS$5.18-0.39%

EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – May 4th, 2021 – FX Empire

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For the day ahead

Stellar’s Lumen would need to move back through first major support level at $0.5367 and the 23.6% FIB to bring $0.55 levels into play.

Support from the broader market would be need, however, for Stellar’s Lumen to breakout from the 23.6% FIB.

Barring a broad-based crypto rebound, the pivot level at $0.5550 would likely cap any upside.

In the event of a rebound, the first major resistance level at $0.5696 would likely come into play.

Failure to move back through first major support level and the 23.6% FIB would bring the second major support level at $0.5221 back into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.52 levels. The second major support level at $0.5221 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.5367

First Major Resistance Level: $0.5696

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4373

62% FIB Retracement Level: $0.2808

Tron’s TRX

Tron’s TRX rose by 3.28% on Monday. Reversing a 2.51% fall from Sunday, Tron’s TRX ended the day at $0.1322.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.1273 before making a move.

Steering clear of the first major support level at $0.1244, Tron’s TRX rallied to a late morning intraday high $0.1372.

Tron’s TRX broke through the first major resistance level at $0.1322 before sliding back to sub-$0.13 levels.

Finding late support, however, Tron’s TRX broke back through first major resistance level to end the day at $0.132 levels.

At the time of writing, Tron’s TRX was down by 4.38% to $1.1264. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.1322 to a low $0.1258.

Tron’s TRX fell through the first major support level at $0.1273 early on.

Source: fxempire.com

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