EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 26th, 2020
EOS
EOS rose by 1.87% on Sunday. Following on from a 0.67% gain on Saturday, EOS ended the week up by 6.29% to $2.7095.
It was a mixed start to the day. EOS fell to an early morning intraday low $2.5959 before making a move.
The pullback saw EOS fall through the first major support level at $2.6240 before striking a late intraday high $2.7431.
EOS broke through the first major resistance level at $2.6888 and the second major resistance level at $2.7163.
A bearish end to the day, however, saw EOS fall back through the second major resistance level to end the day at sub-$2.71 levels.
At the time of writing, EOS was up by 0.47% to $2.7222. A mixed start to the day saw EOS fall to an early morning low $2.6973 before rising to a high $2.7528.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.6828 pivot level to support a run at the first major resistance level at $2.7698.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.7528.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $2.6828 would bring the first major support level at $2.6226 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.60 levels and the second major support level at $2.5356.
Looking at the Technical Indicators
First Major Support Level: $2.6226
First Major resistance Level: $2.7698
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 2.87% on Sunday. Reversing a 2.20% gain from Saturday, Stellar’s Lumen ended the week up by 4.67% to $0.083177.
It was a mixed start to the day. Stellar’s Lumen rose to an early morning intraday high $0.085851 before hitting reverse.
Falling short of the first major resistance level at $0.08681, Stellar’s Lumen slid to a late afternoon intraday low $0.082125.
Stellar’s Lumen fell through the first major support level at $0.08390 and the second major support level at $0.08219.
Finding late support, however, Stellar’s Lumen briefly revisited $0.085 levels before closing out at $0.083 levels.
Stellar’s Lumen fell back through the first major support level to end the day in the deep red.
At the time of writing, Stellar’s Lumen was up by 0.94 to $0.083959. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.082549 before rising to a high $0.084285.