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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 1st, 2021

In This Article:

EOS

EOS rose by 3.64% on Sunday. Reversing a 0.47% decline from Saturday, EOS ended the week down by 2.30% to $4.6448.

A bullish start to the day saw EOS rise to an early morning intraday high $4.7706 before hitting reverse.

EOS broke through the first major resistance level at $4.5528 and the second major resistance level at $4.6241.

The reversal, however, saw EOS slide to an early afternoon intraday low $4.4470.

Steering clear of the first major support level at $4.3809, EOS broke back through the first major resistance level to end the day at $4.6 levels.

At the time of writing, EOS was up by 1.01% to $4.6916. A mixed start to the day saw EOS fall to an early morning low $4.5951 before rising to a high $4.7226.

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

For the day ahead

EOS would need to avoid a fall back through the $4.6208 pivot to bring the first major resistance level at $4.7946 into play.

Support from the broader market would be needed to break out from Sunday’s high $4.7706.

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 levels before any pullback. The second major resistance level sits at $4.9444.

A fall back through the $4.6208 pivot would bring the first major support level at $4.4710 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.40 levels. The second major support level sits at $4.2972.

Looking at the Technical Indicators

First Major Support Level: $4.4710

First Major resistance Level: $4.7946

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 4.04% on Sunday. Reversing a 1.02% decline from Saturday, Stellar’s Lumen ended the week up by 0.28% to $0.3732.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3571 before making a move.

Steering clear of the first major support level at $0.3516, Stellar’s Lumen rallied to a mid-morning intraday high $0.3900.

Stellar’s Lumen broke through the day’s major resistance levels before a slide back to sub-$0.365 levels.

Finding support at the first major resistance level at $0.3656, Stellar’s Lumen broke back through the second major resistance level to end the day at $0.373 levels.

At the time of writing, Stellar’s Lumen was up by 0.25% to $0.3741. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3694 before rising to a high $0.3749.

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