EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 20th, 2021
EOS
EOS rose by 0.98% on Tuesday. After having ended the day flat on Monday, EOS ended the day at $4.4611.
After a mixed morning, EOS rose to an early afternoon intraday high $4.5178 before hitting reverse.
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Falling short of the first major resistance level at $4.5387, EOS fell to an early afternoon intraday low $4.3642.
Steering clear of the first major support level at $4.3257, EOS recovered to end the day at $4.46 levels.
At the time of writing, EOS was down by 0.05% to $4.4589. A mixed start to the day saw EOS fall to an early morning low $4.4507 before rising to a high $4.4727.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.4477 pivot to bring the first major resistance level at $4.5312 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 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 $4.6013.
A fall through the $4.4477 pivot would bring the first major support level at $4.3776 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.30 levels. The second major support level sits at $4.2941.
Looking at the Technical Indicators
First Major Support Level: $4.3776
First Major resistance Level: $4.5312
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 1.50% on Tuesday. Following a 0.99% decline on Monday, Stellar’s Lumen ended the day at $0.3738.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3838 before hitting reverse.
Falling short of the first major resistance level at $0.3911, Stellar’s Lumen fell to an early afternoon intraday low $0.3667.
Stellar’s Lumen fell through the first major support level at $0.3721 before briefly revisiting $0.373 levels.
Bearish late in the day, however, Stellar’s Lumen briefly fell back through the first major support level before ending the day at $0.373 levels.
At the time of writing, Stellar’s Lumen was down by 0.82% to $0.3708. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3744 before falling to a low $0.3706.
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 $0.3748 pivot to bring the first major resistance level at $0.3828 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.38 levels.
Barring an extended rally, the first major resistance level and Tuesday’s high $0.3838 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 levels before any pullback. The second major resistance level sits at $0.3919.
Failure to move through the $0.3748 pivot would bring the first major support level at $0.3657 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.35 support levels. The second major support level at $0.3577 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3657
First Major Resistance Level: $0.3828
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 rose by 2.31% on Tuesday. Reversing a 1.04% loss from Monday, Tron’s TRX ended the day at $0.1003.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09750 before making a move.
Steering clear of the first major support level at $0.09637, Tron’s TRX rallied to a late morning intraday high $0.1015.
Tron’s TRX broke through the 38.2% FIB of $0.09890 and the first major resistance level at $0.09981.
An early afternoon pullback, however, saw Tron’s TRX fall back to sub-$0.099 levels before a finding support.
Late in the day, Tron’s TRX broke back through the 38.2% FIB and the first major resistance level to end the day at $0.10 levels.
At the time of writing, Tron’s TRX was up by 0.40% to $0.1007. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1011 before falling to a low $0.1000.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid the $0.09977 pivot to bring the first major resistance level at $0.1020 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.1015.
Barring an extended crypto rally, the first major resistance level 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 $0.1038.
A fall through the $0.09977 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09803 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.096 levels. The second major support level sits at $0.09577.
Looking at the Technical Indicators
First Major Support Level: $0.09803
First Major Resistance Level: $0.1020
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