EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 19th, 2021

EOS

EOS ended the day flat on Monday. Following a 3.22% slide on Sunday, EOS ended the day at $4.4179.

A bullish start to the day saw EOS rise to a late morning intraday high $4.5674 before hitting reverse.

Falling short of the first major resistance level at $4.6068, EOS fell to a late intraday low $4.3544.

Steering clear of the first major support level at $4.2241, EOS moved back through to $4.4 levels to end the day flat.

At the time of writing, EOS was up by 0.13% to $4.4238. A mixed start to the day saw EOS fall to an early morning low $4.3988 before rising to a high $4.4483.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move back through the $4.4466 pivot to bring the first major resistance level at $4.5387 into play.

Support from the broader market would be needed to break back through to $4.50 levels.

Barring a broad-based crypto rally, the first major resistance and Monday’s high $4.5674 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.70 levels before any pullback. The third major resistance level sits at $4.6596.

Failure to move back through the $4.4466 pivot would bring the first major support level at $4.3257 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.20 levels. The second major support level at $4.2336 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.3257

First Major resistance Level: $4.5387

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 by 0.99% on Monday. Following a 3.30% loss on Sunday, Stellar’s Lumen ended the day at $0.3796.

After a mixed start to the day, Stellar’s Lumen rose to a mid-day intraday high $0.3952 before hitting reverse.

Falling short of the first major resistance level at $0.4018, Stellar’s Lumen fell to a late intraday low $0.3762.

Steering clear of the first major support level at $0.3666, however, Stellar’s Lumen revisited $0.38 levels before easing back.

At the time of writing, Stellar’s Lumen was down by 0.09% to $0.3792. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3773 before rising to a high $0.3810.

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

For the day ahead

Stellar’s Lumen would need to move through the $0.3837 pivot to bring the first major resistance level at $0.3911 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.39 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.3952 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.4277 before any pullback. The second major resistance level sits at $0.4027.

Failure to move through the $0.3837 pivot would bring the first major support level at $0.3721 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the 23.6% FIB of $0.3402. The second major support level at $0.3647 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3721

First Major Resistance Level: $0.3911

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 1.04% on Monday. Reversing a 0.08% gain from Sunday, Tron’s TRX ended the day at $0.09804.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.09991 before hitting reverse.

Falling short of the first major resistance level at $0.1021, Tron’s TRX slid to a late intraday low $0.09647.

While steering clear of the first major support level at $0.09568, Tron’s TRX fell through the 38.2% FIB of $0.09890 to end the day at $0.098 levels.

At the time of writing, Tron’s TRX was up by 0.13% to $0.09816. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09760 before rising to a high $0.09898.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.09814 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.09981 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.099 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.09991 would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.1050 levels before any pullback. The second major resistance level sits at $0.1016.

A fall back through the $0.09814 pivot would bring the first major support level at $0.09637 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.09470.

Looking at the Technical Indicators

First Major Support Level: $0.09637

First Major Resistance Level: $0.09981

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