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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 14th, 2021

EOS

EOS rose by 2.32% on Wednesday. Reversing a 1.10% decline from Tuesday, EOS ended the day at $4.6016.

A mixed start to the day saw EOS fall to a late morning intraday low $4.3758 before making a move.

Steering clear of the first major support level at $4.3249, EOS rallied to a late intraday high $4.6105.

Coming up against the first major resistance level at $4.6105, EOS briefly eased back to sub-$4.60 levels.

At the time of writing, EOS was down by 0.35% to $4.5856. A mixed start to the day saw EOS rise to an early morning high $4.6133 before falling to a low $4.5733.

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

EOSUSD 141021 Hourly Chart

For the day ahead

EOS would need to avoid the $4.5293 pivot to bring the first major resistance level at $4.6828 into play.

Support from the broader market would be needed to break out from $4.6150 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 $4.80 levels before any pullback. The second major resistance level sits at $4.7640.

A fall through the $4.5293 pivot would bring the first major support level at $4.4481 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.30 levels. The second major support level sits at $4.2946.

Looking at the Technical Indicators

First Major Support Level: $4.4481

First Major resistance Level: $4.6828

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 surged by 10.71% on Wednesday. Reversing a 3.43% slide from Tuesday, Stellar’s Lumen ended the day at $0.3681.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3302 before making a move.

Steering clear of the first major support level at $0.3201, Stellar’s Lumen rallied to an early afternoon intraday high $0.3763.

Stellar’s Lumen broke through the first major support level at $0.3449 and the second major resistance level at $0.3573.

The breakout also saw Stellar’s Lumen break through the 23.6% FIB of $0.3402 to end the day at $0.368 levels.

At the time of writing, Stellar’s Lumen was up by 0.03% to $0.3682. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3715 before falling to a low $0.3680.

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

XLMUSD 141021 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.3582 pivot to bring the first major resistance level at $0.3862 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.3763.

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 $0.4043.

A fall through the $0.3582 pivot would bring the 23.6% FIB of $0.3402 and the first major support level at $0.3401 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.32 levels. The second major support level sits at $0.3121.

Looking at the Technical Indicators

First Major Support Level: $0.3401

First Major Resistance Level: $0.3862

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 2.44% on Wednesday. Reversing a 1.42% fall from Tuesday, Tron’s TRX ended the day at $0.09811.

A mixed start to the day saw Tron’s TRX fall to a late morning intraday low $0.09292 before making a move.

Steering clear of the first major support level at $0.09232, Tron’s TRX rallied to a late intraday high $0.09825.

Coming up against the first major resistance level at $0.09819, Tron’s TRX eased back to end the day at $0.0981 levels.

At the time of writing, Tron’s TRX was down by 0.56% to $0.09757. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09836 before falling to a low $0.09701

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

TRXUSD 141021 Hourly Chart

For the Day Ahead

Tron’s TRX would need avoid the $0.09643 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.09993 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.099 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.10 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 $0.1018.

A fall through the $0.09643 pivot would bring the first major support level at $0.09460 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 $0.09110 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.09460

First Major Resistance Level: $0.09993

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