EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 14th, 2020
EOS
EOS fell by 0.23% on Tuesday. Following on from a 0.56% decline on Monday, EOS ended the day at $2.6399.
It was a choppy start to the day. EOS fell to a late morning low $2.6142 before rising to a late morning intraday high $2.6667.
Falling short of the first major resistance level at $2.6969, EOS fell to an early afternoon intraday low $2.6114.
Steering clear of the first major support level at $2.5965, EOS recovered to $2.65 levels before falling back into the red.
At the time of writing, EOS was up by 0.23% to $2.6459. A mixed start to the day saw EOS fall to an early morning low $2.6291 before rising to a high $2.6541.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.6393 pivot level to support a run at the first major resistance level at $2.6673.
Support from the broader market would be needed, however, for EOS to break back through to $2.66 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $2.6667 would likely cap any upside.
Failure to avoid a fall through the pivot level at $2.6393 would bring the first major support level at $2.6120 into play.
Barring an extended sell-off, however, EOS should steer of sub-$2.60 and the second major support level at $2.5840.
Looking at the Technical Indicators
First Major Support Level: $2.6120
First Major resistance Level: $2.6673
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 1.36% on Tuesday. Reversing a 0.40% gain from Monday, Stellar’s Lumen ended the day at $0.07646.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.07762 before hitting reverse.
Falling short of the first major resistance level at $0.07920, Stellar’s Lumen slid to an early afternoon intraday low $0.075447.
Stellar’s Lumen fell through the first major support level at $0.07591 before briefly revisiting $0.0767 levels.
Coming up short of $0.077 levels, however, Stellar’s Lumen fell back through the first major support level. Finding late support, however, Stellar’s Lumen wrapped up the day at $0.0764 levels.
At the time of writing, Stellar’s Lumen was up by 0.33% to $0.076717. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.076156 before rising to a high $0.076839.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall back through the $0.07651 pivot to support a run at the first major resistance level at $0.07757.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.0775 levels.
Barring another broad-based crypto rally, the first major resistance level and Tuesday’s high $0.07762 would likely cap any upside.
Failure to avoid a fall back through the $0.07651 pivot level would bring the first major support level at $0.07540 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should continue to steer clear of sub-$0.075 levels. The second major support level sits at $0.07434.
Looking at the Technical Indicators
First Major Support Level: $0.07540
First Major Resistance Level: $0.07757
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX
Tron’s TRX fell by 0.54% on Tuesday. Partially reversing a 2.30% rally from Monday, Tron’s TRX ended the day at $0.026856.
A bullish start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.027434 before hitting reverse.
Falling well short of the first major resistance level at $0.02811, Tron’s TRX slid to a late afternoon intraday low $0.026470.
Steering clear of the first major support level at $0.02591, Tron’s TRX revisited $0.0269 levels before easing back. Resistance at $0.027 pinned Tron’s TRX back late in the day.
At the time of writing, Tron’s TRX was up by 0.37% to $0.026956. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.026702 before rising to a high $0.027081.
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 $0.02692 pivot level to support a run at the first major resistance level at $0.02737.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.027081.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.027434 would likely cap any upside.
Failure to avoid a fall back through the $0.02692 pivot level would bring the first major support level at $0.02641 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.026 levels. The second major support level sits at $0.02596.
Looking at the Technical Indicators
First Major Support Level: $0.02641
First Major Resistance Level: $0.02737
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
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