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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 12th, 2021

EOS

EOS fell by 0.79% on Monday. Following an 8.26% slide on Sunday, EOS ended the day at $4.5477.

A mixed start to the day saw EOS rally to a mid-morning intraday high $4.7603 before hitting reverse.

Falling short of the first major resistance level at $4.8473, EOS slid to a late intraday low $4.4309.

EOS fell through the first major support level at $4.4414 before ending the day at $4.50 levels.

At the time of writing, EOS was down by 1.74% to $4.4684. A mixed start to the day saw EOS rise to an early morning high $4.5514 before falling to a low $4.4575.

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

EOSUSD 121021 Hourly Chart

For the day ahead

EOS would need to move through the $4.5796 pivot to bring the first major resistance level at $4.7284 into play.

Support from the broader market would be needed to break back through to $4.70 levels.

Barring a broad-based crypto rally, the first major resistance and Monday’s high $4.7603 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $5.00 before any pullback. The second major resistance level sits at $4.9090.

Failure to move through the $4.5796 pivot would bring the first major support level at $4.3990 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.2502 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4.3990

First Major resistance Level: $4.7284

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 rose by 3.95% on Monday. Partially reversing a 6.23% loss from Sunday, Stellar’s Lumen ended the day at $0.3444.

A mixed start to the day saw Stellar’s Lumen slide to an early morning intraday low $0.3256 before making a move.

Steering clear of the first major support level at $0.3209, Stellar’s Lumen rallied to a mid-day intraday high $0.3575.

Stellar’s Lumen broke through the 23.6% FIB of $0.3402 and the first major resistance level at $0.3497.

A late reversal, however, saw Stellar’s Lumen fall back through to sub-$0.34 levels before ending the day at $0.344 levels.

Stellar’s Lumen broke back through the 23.6% FIB late in the day.

At the time of writing, Stellar’s Lumen was down by 1.65% to $0.3387. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3448 before falling to a low $0.3374.

While leaving the major support and resistance levels untested, Stellar’s Lumen fell through the 23.6% FIB of $0.3402.

XLMUSD 121021 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move through the 23.6% FIB and the $0.3425 pivot to bring the first major resistance level at $0.3594 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 Monday’s high $0.3575 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 $0.3744.

Failure to move back through 23.6% FIB and the $0.3425 pivot would bring the first major support level at $0.3275 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: $0.3275

First Major Resistance Level: $0.3594

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 0.77% on Monday. Following a 4.76% slide on Sunday, Tron’s TRX ended the day at $0.09716.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.1013 before hitting reverse.

Coming within range of the first major resistance level at $0.1019, Tron’s TRX slid to a late intraday low $0.09471.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09535.

Finding late support, however, Tron’s TRX broke back through the first major support level to end the day at $0.097 levels.

At the time of writing, Tron’s TRX was down by 1.51% to $0.09569. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09716 before falling to a low $0.09503.

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

TRXUSD 121021 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move through the $0.09772 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.1007 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 Monday’s high $0.1013 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 $0.1043.

Failure to move through the $0.09772 pivot would bring the first major support level at $0.09415 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 $0.09113 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.09415

First Major Resistance Level: $0.1007

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