EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 25th, 2021
EOS
EOS rose by 0.19% on Sunday. Following a 2.75% gain on Saturday, EOS ended the week up by 7.61% to $4.7544.
A bullish start to the day saw EOS rally to a late morning intraday high $5.0832 before hitting reverse.
EOS broke through the first major resistance level at $4.8254 and the second major resistance level at $4.9048.
The reversal, however, saw EOS slide to a late afternoon intraday low $4.6581.
Steering clear of the first major support level at $4.6206, EOS revisited $4.77 levels before easing back.
At the time of writing, EOS was down by 0.19% to $4.7454. A mixed start to the day saw EOS fall to an early morning low $4.7136 before rising to a high $4.7670.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $4.8319 pivot to bring the first major resistance level at $5.0057 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 and Sunday’s high $5.0832 would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.30 levels before any pullback. The third major resistance level sits at $5.2570.
Failure to move through the $4.8319 pivot would bring the first major support level at $4.5806 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.4068.
Looking at the Technical Indicators
First Major Support Level: $4.5806
First Major resistance Level: $5.0057
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 1.53% on Sunday. Reversing a 1.53% gain from Sunday, Stellar’s Lumen ended the week down by 2.96% to $0.3722.
A bullish start to the day saw Stellar’s Lumen rally to a late morning intraday high $0.3866 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.3813 and the second major resistance level at $0.3845.
The reversal, however, saw Stellar’s Lumen fall to a late afternoon intraday low $0.3664.
Stellar’s Lumen fell through the first major support level at $0.3714 before a partial recovery to end the day at $0.372 levels.
At the time of writing, Stellar’s Lumen was up by 0.83% to $0.3749. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3707 before rising to a high $0.3749.
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 $0.3751 pivot to bring the first major resistance level at $0.3837 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.38 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.3866 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 $0.3953.
Failure to move through the $0.3751 pivot would bring the first major support level at $0.3635 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 $0.3549 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3635
First Major Resistance Level: $0.3837
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 fell by 1.36% on Sunday. Reversing a 0.50% gain from Saturday, Tron’s TRX ended the week up by 0.16% to $0.09923.
A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.1019 before hitting reverse.
Falling short of the first major resistance level at $0.1022, Tron’s TRX slid to a late afternoon intraday low $0.09687.
Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09848.
Finding late support, however, Tron’s TRX broke back through the first major resistance level and the 38.2% FIB to end the day at $0.099 levels.
At the time of writing, Tron’s TRX was down by 0.39% to $0.09884. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09828 before rising to a high $0.09963.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the $0.09933 pivot to bring the first major resistance level at $0.1018 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 and Sunday’s high $0.1019 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 $0.1044.
Failure to move back through the $0.09933 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09677 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.095 levels. The second major support level sits at $0.09430.
Looking at the Technical Indicators
First Major Support Level: $0.09677
First Major Resistance Level: $0.1018
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
