EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 7th, 2021
EOS
EOS rose by 0.31% on Wednesday. Following a 2.80% gain on Tuesday, EOS ended the day at $4.7427.
A choppy start to the day saw EOS slide to a late morning intraday low $4.3726 before making a move.
EOS fell through the first major support level at $4.5888 and the second major support level at $4.4498.
Finding late morning support, however, EOS rallied to a late afternoon intraday high $4.9053.
EOS broke through the first major resistance level at $4.8288 before falling back to end the day at sub-$4.80 levels.
At the time of writing, EOS was down by 1.51% to $4.6712. A mixed start to the day saw EOS rise to an early morning high $4.7604 before falling to a low $4.6533.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move back through the $4.6735 pivot to bring the first major resistance level at $4.9745 into play.
Support from the broader market would be needed to break out from Wednesday’s high $4.9053.
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 $5.30 before any pullback. The second major resistance level sits at $5.2062.
Failure to move back through the $4.6735 pivot would bring the first major support level at $4.4418 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.30 levels. The second major support level sits at $4.1408.
Looking at the Technical Indicators
First Major Support Level: $4.4418
First Major resistance Level: $4.9745
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 rallied by 12.16% on Wednesday. Following a 2.77% rise on Tuesday, Stellar’s Lumen ended the day at $0.3579.
A mixed start to the day saw Stellar’s Lumen fall to a late morning intraday low $0.3057 before making a move.
Stellar’s Lumen fell through the first major support level at $0.3115 before rallying to a late intraday high $0.3648.
The extended rally saw Stellar’s Lumen break through the day’s major resistance levels.
Stellar’s Lumen also broke through the 23.6% FIB of $0.3402 to end the day at $0.35 levels.
At the time of writing, Stellar’s Lumen was down by 0.43% to $0.3564. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.36998 before falling to a low $0.3545.
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 $0.3428 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3799 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.37 levels.
Barring an extended rally, the first major resistance level and resistance at $0.38 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 levels before any pullback. The second major resistance level sits at $0.4019.
A fall through the $0.3428 pivot and the 23.6% FIB of $0.3402 would bring the first major support level at $0.3208 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 sits at $0.2837.
Looking at the Technical Indicators
First Major Support Level: $0.3208
First Major Resistance Level: $0.3799
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 0.59% on Wednesday. Partially reversing a 2.94% gain from Tuesday, Tron’s TRX ended the day at $0.09574.
A mixed start to the day saw Tron’s TRX fall to a late morning intraday low $0.09082 before making a move.
Tron’s TRX fell through the first major support level at $0.09316 before rallying to a late afternoon intraday high $0.09758.
Falling short of the 38.2% FIB of $0.09890 and the first major resistance level at $0.09910, Tron’s TRX fell back to end the day at $0.095 levels.
At the time of writing, Tron’s TRX was down by 0.58% to $0.09519. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09576 before falling to a low $0.09436.
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 $0.09471 pivot to bring the first major resistance level at $0.09861 and the 38.2% FIB of $0.09890 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Wednesday’s high $0.09758.
Barring an extended crypto rally, the 38.2% FIB of $0.09890 and resistance at $0.10 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.12 levels before any pullback. The second major resistance level sits at $0.1015.
A fall back through the $0.09471 pivot would bring the first major support level at $0.09185 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level sits at $0.08795.
Looking at the Technical Indicators
First Major Support Level: $0.09185
First Major Resistance Level: $0.09861
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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Thanks, Bob
This article was originally posted on FX Empire