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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 2nd, 2021

EOS

EOS fell by 0.28% on Monday. Following a 3.64% gain on Sunday, EOS ended the day at $4.6320.

A bullish start to the day saw EOS rise to an early morning intraday high $4.7226 before hitting reverse.

Falling short of the first major resistance level at $4.7946, EOS slid to an early morning intraday low $4.4642.

EOS fell through the first major support level at $4.4710 before briefly revisiting $4.70 levels.

A late pullback, however, saw EOS fall back to sub-$4.65 levels and into the red.

At the time of writing, EOS was down by 0.39% to $4.6141. A mixed start to the day saw EOS fall to an early morning low $4.5623 before rising to a high $4.6965.

EOS left the major support and resistance levels untested early on.

EOSUSD 021121 Hourly Chart

For the day ahead

EOS would need to avoid a fall back through the $4.6063 pivot to bring the first major resistance level at $4.7483 into play.

Support from the broader market would be needed to break out from Monday’s high $4.7226.

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 $4.8647.

A fall back through the $4.6063 pivot would bring the first major support level at $4.4899 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.40 levels. The second major support level sits at $4.3479.

Looking at the Technical Indicators

First Major Support Level: $4.4899

First Major resistance Level: $4.7483

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 1.82% on Monday. Partially reversing a 4.04% rally from Sunday, Stellar’s Lumen ended the day at $0.3663.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3759 before hitting reverse.

Falling short of the first major resistance level at $0.3759, Stellar’s Lumen slid to an early morning intraday low $0.3577.

Steering clear of the first major support level at $0.3569, however, Stellar’s Lumen revisited $0.37 levels before falling back into the red.

At the time of writing, Stellar’s Lumen was up by 0.08% to 0.3675. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3684 before falling to a low $0.3631.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLMUSD 021121 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.3666 pivot to bring the first major resistance level at $0.3756 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.37 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.3759 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 $0.3848.

A fall back through the $0.3666 pivot would bring the first major support level at $0.3574 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3484 and the 23.6% FIB of $0.3402.

Looking at the Technical Indicators

First Major Support Level: $0.3574

First Major Resistance Level: $0.3756

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 1.24% on Monday. Following a 0.30% loss on Sunday, Tron’s TRX ended the day at $0.09995.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09762 before making a move.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09802.

Steering clear of sub-$0.097 levels, however, Tron’s TRX rose to a late morning intraday high $0.1020.

Falling short of the first major resistance level at $0.1036, however, Tron’s TRX fell back to end the day at sub-$0.10 levels.

At the time of writing, Tron’s TRX was up by 0.70% to $0.1007. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1023 before falling to a low $0.09889.

While leaving the major support and resistance levels untested, Tron’s TRX tested support at the 38.2% FIB of $0.09890 early on.

TRXUSD 021121 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.09986 pivot to bring the first major resistance level at $0.1021 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.1020.

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 $0.1042.

A fall back through the $0.09986 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09771 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.09548.

Looking at the Technical Indicators

First Major Support Level: $0.09771

First Major Resistance Level: $0.1021

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