EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 26th, 2021
EOS
EOS rose by 1.24% on Monday. Following a 0.19% gain on Sunday, EOS ended the day at $4.8136.
A mixed start to the day saw EOS fall to an early morning intraday low $4.7136 before making a move.
Steering clear of the first major support level at $4.5806, EOS rose to a late morning intraday high $4.8514.
Falling short of the first major resistance level at $5.0057, however, EOS fell back to sub-$4.80 levels before finding late support.
At the time of writing, EOS was up by 0.81% to $4.8527. A mixed start to the day saw EOS fall to an early morning low $4.7903 before rising to a high $4.8527.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $4.7929 pivot to bring the first major resistance level at $4.8721 into play.
Support from the broader market would be needed to break out from $4.85 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 $5.00 levels before any pullback. The second major resistance level sits at $4.9307.
A fall through the $4.7929 pivot would bring the first major support level at $4.7343 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.6551 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.7343
First Major resistance Level: $4.8721
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 4.30% on Monday. Reversing a 1.53% loss from Sunday, Stellar’s Lumen ended the day at $0.3880.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3707 before making a move.
Steering clear of the first major support level at $0.3635, Stellar’s Lumen rallied to a late intraday high $0.3882.
Stellar’s Lumen broke through the first major resistance level at $0.3837 to end the day at $0.388 levels.
At the time of writing, Stellar’s Lumen was down by 0.49% to $0.3861. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3885 before falling to a low $0.3840.
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 $0.3823 pivot to bring the first major resistance level at $0.3939 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.3885.
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 $0.3998.
A fall through the $0.3823 pivot would bring the first major support level at $0.3764 into play.
Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the 23.6% FIB of $0.3402. The second major support level at $0.3648 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3764
First Major Resistance Level: $0.3939
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 1.08% on Monday. Partially reversing a 1.36% decline from Sunday, Tron’s TRX ended the day at $0.1003.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09828 before making a move.
While steering clear of the first major support level at $0.09677, Tron’s TRX fell through the 38.2% FIB of $0.09890.
Finding early morning support, however, Tron’s TRX rallied to a late morning intraday high $0.1018.
Coming up against the first major resistance level at $0.1018, Tron’s TRX slid back to sub-$0.10 levels before finding support.
Through the afternoon, Tron’s TRX revisited $0.1018 levels before easing back. The first major resistance level pegged Tron’s TRX back once more.
At the time of writing, Tron’s TRX was up by 0.91% to $0.1012. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1014 before falling to a low $0.09995.
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 $0.1001 pivot to bring the first major resistance level at $0.1020 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.1018.
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 $0.1050 levels before any pullback. The second major resistance level sits at $0.1037.
A fall back through the $0.1001 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09845 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.095 levels. The second major support level at $0.09661 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.09845
First Major Resistance Level: $0.1020
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
