EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 6th, 2021
EOS
EOS rose by 2.80% on Tuesday. Reversing a 0.87% loss from Monday, EOS ended the day at $4.7279.
A bullish start to the day saw EOS rise to a late morning intraday high $4.7907 before hitting reverse.
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EOS broke through the first major resistance level at $4.7803 before sliding to an early afternoon intraday low $4.5507.
Steering clear of the first major support level at $4.3792, however, EOS found late support to end the day at $4.7 levels.
At the time of writing, EOS was up by 0.04% to $4.7298. A mixed start to the day saw EOS fall to an early morning low $4.7237 before rising to a high $4.8093.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.6898 pivot to bring the first major resistance level at $4.8288 into play.
Support from the broader market would be needed to break out from Tuesday’s high $4.7907.
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 $5.00 before any pullback. The second major resistance level sits at $4.9298.
A fall through the $4.6898 pivot would bring the first major support level at $4.5888 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.4498.
Looking at the Technical Indicators
First Major Support Level: $4.5888
First Major resistance Level: $4.8288
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 2.77% on Tuesday. Reversing a 1.46% fall from Monday, Stellar’s Lumen ended the day at $0.3191.
A bullish start to the day saw Stellar’s Lumen rise to an early morning high $0.3194 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.3184 before falling to an early afternoon intraday low $0.3083.
Steering clear of the first major support level at $0.2997, however, Stellar’s Lumen rallied to a late intraday high $0.3204.
Stellar’s Lumen broke back through the first major resistance level to end the day at $0.319 levels.
At the time of writing, Stellar’s Lumen was down by 0.22% to $0.3184. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3196 before falling to a low $0.3177.
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 $0.3159 pivot to bring the first major resistance level at $0.3236 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.3204.
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 $0.33 levels before any pullback. The second major resistance level sits at $0.3280.
A fall through the $0.3159 pivot would bring the first major support level at $0.3115 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level at $0.3038 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3115
First Major Resistance Level: $0.3236
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 rallied by 2.94% on Tuesday. Reversing a 1.52% decline from Monday, Tron’s TRX ended the day at $0.09631.
A mixed start to the day saw Tron’s TRX rise to a late morning high $0.09664 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.09618 before sliding to an early afternoon intraday low $0.09279.
Steering clear of the first major support level at $0.09030, however, Tron’s TRX rallied to a late intraday high $0.09873 before easing back.
Tron’s TRX broke back through the first major resistance level at $0.09618 to end the day at $0.0963 levels.
At the time of writing, Tron’s TRX was up by 0.23% to $0.09653. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09550 before rising to a high $0.09680.
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 $0.09594 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.09910 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.09873.
Barring an extended crypto rally, the first major resistance level and resistance at $0.10 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test the second major resistance level at $0.1019 before any pullback.
A fall back through the $0.09594 pivot would bring the first major support level at $0.09316 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level at $0.09000 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.09316
First Major Resistance Level: $0.09910
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