EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 14th, 2021
EOS
EOS rose by 2.32% on Wednesday. Reversing a 1.10% decline from Tuesday, EOS ended the day at $4.6016.
A mixed start to the day saw EOS fall to a late morning intraday low $4.3758 before making a move.
Steering clear of the first major support level at $4.3249, EOS rallied to a late intraday high $4.6105.
Coming up against the first major resistance level at $4.6105, EOS briefly eased back to sub-$4.60 levels.
At the time of writing, EOS was down by 0.35% to $4.5856. A mixed start to the day saw EOS rise to an early morning high $4.6133 before falling to a low $4.5733.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.5293 pivot to bring the first major resistance level at $4.6828 into play.
Support from the broader market would be needed to break out from $4.6150 levels.
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 $4.80 levels before any pullback. The second major resistance level sits at $4.7640.
A fall through the $4.5293 pivot would bring the first major support level at $4.4481 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.30 levels. The second major support level sits at $4.2946.
Looking at the Technical Indicators
First Major Support Level: $4.4481
First Major resistance Level: $4.6828
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 surged by 10.71% on Wednesday. Reversing a 3.43% slide from Tuesday, Stellar’s Lumen ended the day at $0.3681.
A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3302 before making a move.
Steering clear of the first major support level at $0.3201, Stellar’s Lumen rallied to an early afternoon intraday high $0.3763.
Stellar’s Lumen broke through the first major support level at $0.3449 and the second major resistance level at $0.3573.
The breakout also saw Stellar’s Lumen break through the 23.6% FIB of $0.3402 to end the day at $0.368 levels.
At the time of writing, Stellar’s Lumen was up by 0.03% to $0.3682. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3715 before falling to a low $0.3680.
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 through the $0.3582 pivot to bring the first major resistance level at $0.3862 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.3763.
Barring an extended rally, the first major resistance level 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 $0.4043.
A fall through the $0.3582 pivot would bring the 23.6% FIB of $0.3402 and the first major support level at $0.3401 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.32 levels. The second major support level sits at $0.3121.
Looking at the Technical Indicators
First Major Support Level: $0.3401
First Major Resistance Level: $0.3862
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 rose by 2.44% on Wednesday. Reversing a 1.42% fall from Tuesday, Tron’s TRX ended the day at $0.09811.
A mixed start to the day saw Tron’s TRX fall to a late morning intraday low $0.09292 before making a move.
Steering clear of the first major support level at $0.09232, Tron’s TRX rallied to a late intraday high $0.09825.
Coming up against the first major resistance level at $0.09819, Tron’s TRX eased back to end the day at $0.0981 levels.
At the time of writing, Tron’s TRX was down by 0.56% to $0.09757. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09836 before falling to a low $0.09701
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need avoid the $0.09643 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.09993 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.099 levels.
Barring an extended crypto rally, the first major resistance level 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 $0.1050 levels before any pullback. The second major resistance level sits at $0.1018.
A fall through the $0.09643 pivot would bring the first major support level at $0.09460 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level at $0.09110 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.09460
First Major Resistance Level: $0.09993
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
