EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 21st, 2021

EOS

EOS rallied by 8.19% on Wednesday. Following a 0.98% gain on Tuesday, EOS ended the day at $4.8263.

A mixed start to the day saw EOS fall to an early morning intraday low $4.4386 before making a move.

Steering clear of the first major support level at $4.3776, EOS rallied to a late intraday high $4.8915.

EOS broke through the day’s major resistance levels to wrap up the day at $4.8 levels.

At the time of writing, EOS was up by 1.70% to $4.9084. A mixed start to the day saw EOS fall to an early morning low $4.8024 before rising to a high $4.9084.

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

For the day ahead

EOS would need to avoid the $4.7188 pivot to bring the first major resistance level at $4.9990 into play.

Support from the broader market would be needed to break back through to $4.95 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 $5.20 levels before any pullback. The third major resistance level sits at $5.1717.

A fall through the $4.7188 pivot would bring the first major support level at $4.5461 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.2659.

Looking at the Technical Indicators

First Major Support Level: $4.5461

First Major resistance Level: $4.9990

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 rose by 4.79% on Wednesday. Reversing a 1.50% loss from Tuesday, Stellar’s Lumen ended the day at $0.3917.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3678 before making a move.

Steering clear of the first major support level at $0.3657, Stellar’s Lumen rallied to a late intraday high $0.3924.

Stellar’s Lumen broke through the first major resistance level at $0.3828 and the second major resistance level at $0.3919.

A late pullback, however, saw Stellar’s Lumen fall back through the second major resistance level to end the day at sub-$0.3917.

At the time of writing, Stellar’s Lumen was up by 0.64% to $0.3941. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3906 before rising to a high $0.3942.

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

For the day ahead

Stellar’s Lumen would need to avoid the $0.3840 pivot to bring the first major resistance level at $0.4001 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.40 levels.

Barring an extended rally, the first major resistance level 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 $0.4086.

A fall through the $0.3840 pivot would bring the first major support level at $0.3755 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.35 support levels. The second major support level at $0.3594 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3755

First Major Resistance Level: $0.4001

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 3.39% on Wednesday. Following a 2.31% gain on Tuesday, Tron’s TRX ended the day at $0.1037.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09955 before making a move.

Steering clear of the 38.2% FIB of $0.09890 and the first major support level at $0.09803, Tron’s TRX rallied to a mid-morning intraday high $0.1064.

Tron’s TRX broke through the first major resistance level at $0.1020 and the second major resistance level at $0.1038.

A pullback, however, saw Tron’s TRX fall back through the major resistance levels to sub-$0.1020 before finding support.

Late in the day, Tron’s TRX broke back through the first major resistance level to end the day at $0.1030 levels.

At the time of writing, Tron’s TRX was down by 0.37% to $0.1033. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1025 before rising to a high $0.1040.

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 $0.1032 pivot to bring the first major resistance level at $0.1069 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Wednesday’s high $0.1064.

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 $0.115 levels before any pullback. The second major resistance level sits at $0.1101.

A fall back through the $0.1032 pivot would bring the first major support level at $0.1000 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.09637. The 38.2% FIB of $0.09890 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1000

First Major Resistance Level: $0.1069

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