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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 11th, 2021

EOS

EOS slid by 8.26% on Sunday. Reversing a 7.54% rally from Saturday, EOS ended the week down by 1.22% to $4.5836.

A mixed start to the day saw EOS rally to a mid-morning intraday high $4.9689 before hitting reverse.

Falling short of the first major resistance level at $5.1709, EOS slid to a late intraday low $4.5630.

EOS fell through the first major support level at $4.7206 to end the day at sub-$4.60 levels.

At the time of writing, EOS was up by 0.32% to $4.5984. A mixed start to the day saw EOS fall to an early morning low $4.4826 before rising to a high $4.6058.

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

EOSUSD 111021 Hourly Chart

For the day ahead

EOS would need to move through the $4.7052 pivot to bring the first major resistance level at $4.8473 into play.

Support from the broader market would be needed to break back through to $4.80 levels.

Barring a broad-based crypto rally, the first major resistance and Sunday’s high $4.9689 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $5.20 before any pullback. The second major resistance level sits at $5.1111.

Failure to move through the $4.7052 pivot would bring the first major support level at $4.4414 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.2993 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.4414

First Major resistance Level: $4.8473

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 slid by 6.23% on Sunday. Reversing a 5.03% decline from Saturday, Stellar’s Lumen ended the week up by 5.13% to $0.3312.

A mixed start to the day saw Stellar’s Lumen rise to a mid-morning intraday high $0.3579 before hitting reverse.

Falling short of the first major resistance level at $0.3697, Stellar’s Lumen slid to a late intraday low $0.3291.

Stellar’s Lumen fell through the 23.6% FIB of $0.3402 and the first major support level at $0.3349 to end the day at $0.331 levels.

At the time of writing, Stellar’s Lumen was up by 0.19% to $0.3318. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3256 before rising to a high $0.3324.

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

XLMUSD 111021 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move through the $0.3394 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3497 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.3450 levels.

Barring an extended rally, the first major resistance level and Sunday’s high $0.3579 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.38 levels before any pullback. The second major resistance level sits at $0.3682.

Failure to move through the $0.3394 pivot and the 23.6% FIB of $0.3402 would bring the first major support level at $0.3209 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level at $0.3106 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3209

First Major Resistance Level: $0.3497

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 4.76% on Sunday. Partially reversing a 7.98% rally from Saturday, Tron’s TRX ended the week up by 2.51% to $0.09791.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1034 before hitting reverse.

Falling short of the first major resistance level at $0.1067, Tron’s TRX slid to a late intraday low $0.09681.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09790 before ending the day at $0.0979 levels.

At the time of writing, Tron’s TRX was down by 0.26% to $0.09765. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09665 before rising to a high $0.09823.

Tron’s TRX left the major support and resistance levels untested early on.

TRXUSD 111021 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move through the 38.2% FIB of $0.09890 and the $0.09937 pivot to bring the first major resistance level at $0.1019 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 $0.1034 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 $0.1060.

Failure to move through the 38.2% FIB of $0.09890 and the $0.09937 pivot would bring the first major support level at $0.09535 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 $0.09278 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.09535

First Major Resistance Level: $0.1019

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