EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 23rd, 2021
EOS
EOS rallied by 10.57% on Wednesday. Reversing a 7.34% loss from Tuesday, EOS ended the day at $4.3009.
A bearish start to the day saw EOS fall to an early morning low $3.8072 before making a move.
Steering clear of the first major support level at $3.6799, EOS rallied to a late morning intraday high $4.3343.
EOS broke through the first major resistance level at $4.2065 to end the day at $4.30 levels.
At the time of writing, EOS was down by 0.67% to $4.2720. A mixed start to the day saw EOS fall to an early morning low $4.2623 before rising to a high $4.3264.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.1475 pivot to bring the first major resistance level at $4.4877 into play.
Support from the broader market would be needed to break back through to $4.40 levels.
Barring a broad-based crypto rally, the first major resistance and resistance at $4.50 would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $4.6746 before any pullback.
A fall through the $4.1475 pivot would bring the first major support level at $3.9006 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.6204.
Looking at the Technical Indicators
First Major Support Level: $3.9006
First Major resistance Level: $4.4877
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 10.00% on Wednesday. Reversing a 5.71% decline from Tuesday, Stellar’s Lumen ended the day at $0.2822.
A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2608 before making a move.
Steering clear of the first major support level at $0.2562, Stellar’s Lumen rallied to a late intraday high $0.2931.
Stellar’s Lumen broke through the first major resistance level at $0.2818 to end the day at $0.29 levels.
At the time of writing, Stellar’s Lumen was flat at $0.2627. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2908 before rising to a high $0.2943.
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 $0.2822 pivot to bring the first major resistance level at $0.3037 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.30 levels.
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 $0.32 before any pullback. The second major resistance level sits at $0.3146.
A fall through the $0.2822 pivot would bring the first major support level at $0.2713 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.27 levels. The second major support level sits at $0.2498.
Looking at the Technical Indicators
First Major Support Level: $0.2713
First Major Resistance Level: $0.3037
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 jumped by 12.04% on Wednesday. Reversing a 3.62% fall from Tuesday, Tron’s TRX ended the day at $0.09892.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.08648 before making a move.
Steering clear of the first major support level at $0.08446, Tron’s TRX rallied to a late afternoon intraday high $0.09906.
Tron’s TRX broke through the first major resistance level at $0.09396 and the 38.2% FIB of $0.09890.
Falling short of the second major resistance level at $0.09965, however, Tron’s TRX eased back to end the day at sub-$0.099 levels. Late in the day, Tron’s TRX found support at the 38.2% FIB of $0.09890.
At the time of writing, Tron’s TRX was down by 0.10% to $0.09882. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09771 before rising to a high $0.09962.
While leaving the major support and resistance levels untested, Tron’s TRX tested resistance at the 38.2% FIB of $0.09890 early on.
For the Day Ahead
Tron’s TRX would need to avoid the $0.09482 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.1032 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.10 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1074.
A fall through the $0.09482 pivot would bring the first major support level at $0.09058 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level at $0.08224 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.09058
First Major Resistance Level: $0.1032
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
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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 23rd, 2021