EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 3rd, 2020
EOS
EOS fell by 3.33% on Monday. Following on from a 0.49% decline on Sunday, EOS ended the day at $2.4347.
It was a mixed start to the day. EOS rose to an early morning intraday high $2.5533 before hitting reverse.
Falling sort of the first major resistance level at $2.5691, EOS slid to an early afternoon intraday low $2.4083.
EOS fell the first major support level at $2.4579 before steadying. Steering clear of sub-$2.40 support levels, EOS briefly revisited $2.46 levels.
A bearish end to the day, however, saw EOS fall back through the first major support level to end the day at $2.43 levels.
At the time of writing, EOS was up by 0.12% to $2.4376. A mixed start to the day saw EOS fall to an early morning low $2.4210 before rising to a high $2.4443.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.4654 pivot level to support a run at the first major resistance level at $2.5226.
Support from the broader market would be needed, however, for EOS to break back through to $2.52 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $2.4654 would bring the first major support level at $2.3776 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.35 levels and the second major support level at $2.3204.
Looking at the Technical Indicators
First Major Support Level: $2.3776
First Major resistance Level: $2.5226
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 3.82% on Monday. Reversing a 1.19% gain from Sunday, Stellar’s Lumen ended the day at $0.075672.
A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.079519 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.07942 before sliding to a final hour intraday low $0.075417.
The sell-off saw Stellar’s Lumen fall through the first major support level at $0.07721 and the second major support level at $0.07574.
At the time of writing, Stellar’s Lumen was down by 0.04% to $0.075639. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.075233 before rising to a high $0.075743
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 $0.07687 pivot to support another run at the first major resistance level at $0.07832.