Stellar’s Lumen, EOS and Tron TRX are bullish

Stellar’s Lumen

It’s an open-source network for exchange of currency and payments. Briefly, it’s a platform which provides trade of digital representations of currencies dollar, pesos, bitcoins and more.

Stellar’s Lumen saw an early morning intraday high at $0.3858, before reversing to an early morning intraday low at $0.3760 by falling short of first major support level at $0.3776. At the time of writing, Stellar Lumen was up by 3.49 % at $0.3969, leaving the first major resistance and support level untested today. The demand zone ranges strongly between $0.3855 to $0.3893.  Thus, we can see some bullish momentum on a daily chart of the coin.

Market Indicators:

Hourly RSI: The hourly RSI is moving currently down towards 40 levels showing price weakness of the coin.

Fibonacci Retracement levels: 23.6%: $0.3811, 38.2%: $0.3842, 61.6%: $0.3894

Major support level: $0.3760

Major resistance level: $0.3976

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Conclusion:

The resistance level sits at $0.3985 capping the upside, however an extended rally would lead to the second major resistance level at $0.4000. A fall back below the level $0.364 will bring the support level at a low of $0.348.

Tron TRX

Tron is a blockchain based digital platform that mainly hosts entertainment applications that are cost effective. It has its own in-house cryptocurrency called Tronix or TRX.

Tronix or TRX is currently trading at $0.11004 and is up by 3.21%, while writing. Ealy morning today TRX saw an intraday low of $0.10485 without testing the first major support level at $0.098 level.

Looking at the current momentum, TRX strong buy ranges between $0.10560 and $0.10744, contrary to its sell range between $0.10942 and $0.11044. The intraday high was seen at $0.11046 levels.

Market Indicators

Hourly RSI: The hourly RSI is moving currently down towards 39.69 levels showing price weakness of the coin.

Fibonacci Retracement levels: 23.6%: $0.10619, 38.2%: $0.10701, 61.6%: $0.10833

Major support level: $0.10487

Major resistance level: $0.11047

Conclusion

The first major resistance level sits at $0.11393 level, barring an extended crypto rally. If broad based crypto rally comes in play, the second major resistance level will be at $0.11953 level. A fallback through $0.998 level will bring the major support level at $0.10767.

EOS

It is a leading open-source platform for blockchain performance where business and developers get to create, secure and design deterministic digital infrastructure.

EOS is currently trading at $4.925 up by 1.69%. It had a bullish start with an intraday early morning high standing at $4.904 levels. It hit an intraday low of $4.792 leaving first major resistance testing the first major support level early on.

The coin showed strong buy positions between $4.789 and $4.894 and strong sell at $5.010 and $5.026 today.

Market Indicators

Hourly RSI: The hourly RSI is moving currently down towards 50 levels showing mild price strength of the coin.

Fibonacci Retracement levels: 23.6%: $4.852, 38.2%: $4.886, 61.6%: $4.940

Major support level: $0.4.798

Major resistance level: $0.4.978

Conclusion

EOS broke first major resistance level sitting at $4.867. The second major resistance level sits at $5.027 capping the upside during an extended crypto rally. It could also test $6.00 level in the former situation. A fall back would bring support level at $4.70, however in case of extended sell of the second major support level sits at $4.67.

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