EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 28th, 2021

EOS

EOS fell by 3.73% on Monday. Following a 0.92% loss on Sunday, EOS ended the day at $3.8255.

A bullish start to the day saw EOS rise to an early morning intraday high $4.1119 before hitting reverse.

Falling short of the first major resistance level at $4.1938, EOS fell to a late intraday low $3.8249.

Steering clear of the first major support level at $3.7140, however, EOS found support to end the day at $3.825 levels.

At the time of writing, EOS was up by 0.28% to $3.8361. A mixed start to the day saw EOS fall to an early morning low $3.7992 before rising to a high $3.8625.

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

For the day ahead

EOS would need to move through the $3.9208 pivot to bring the first major resistance level at $4.0166 into play.

Support from the broader market would be needed to break back through to $4.00 levels.

Barring a broad-based crypto rally, the first major resistance and Monday’s high $4.1119 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $4.2078 before any pullback.

Failure to move through the $3.9208 pivot would bring the first major support level at $3.7296 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.6338.

Looking at the Technical Indicators

First Major Support Level: $3.7296

First Major resistance Level: $4.0166

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 3.95% on Monday. Following a 0.32% decline on Sunday, Stellar’s Lumen ended the day at $0.2651.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.2833 before hitting reverse.

Falling short of the first major resistance level at $0.2858, Stellar’s Lumen slid to a late intraday low $0.2649.

Steering clear of the first major support level at $0.2639, however, Stellar’s Lumen found support to end the day at $0.265 levels.

At the time of writing, Stellar’s Lumen was up by 0.36% to $0.2661. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2634 before rising to a high $0.2679.

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 $0.2711 pivot to bring the first major resistance level at $0.2773 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.2750 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.2833 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2895.

Failure to move through the $0.2711 pivot would bring the first major support level at $0.2589 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level at $0.2527 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2589

First Major Resistance Level: $0.2773

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 2.83% on Monday. Following a 3.14% slide on Sunday, Tron’s TRX ended the day at $0.08562.

A choppy start to the day saw Tron’s TRX fall to an early morning low $0.08638 before making a move.

Steering clear of the first major support level at $0.08390, Tron’s TRX rallied to a mid-morning intraday high $0.09090.

Falling short of the first major resistance level at $0.09171, however, Tron’s TRX slid to a late intraday low $0.08561.

Steering clear of the first major support level at $0.08390 once more, Tron’s TRX ended the day at $0.0856 levels.

At the time of writing, Tron’s TRX was up by 0.81% to $0.08631. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08522 before rising to a high $0.08688.

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

For the Day Ahead

Tron’s TRX would need to move through the $0.08738 pivot to bring the first major resistance level at $0.08914 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.089 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.09090 would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.095 levels before any pullback. The second major resistance level sits at $0.09267.

Failure to move through the $0.08738 pivot would bring the first major support level at $0.08385 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level at $0.07967 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.08385

First Major Resistance Level: $0.08914

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