crypto currency mining concept

EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 28th, 2021

EOS

EOS tumbled by 12.00% on Wednesday. Following a 2.01% loss on Tuesday, EOS ended the day at $4.1516.

A bullish start to the day saw EOS rise to an early morning intraday high $4.7788 before hitting reverse.

Falling short of the first major resistance level at $4.8810, EOS tumbled to a late morning intraday low $3.8730.

The extended sell-off saw EOS fall through the day’s major support levels before finding late morning support.

EOS briefly broke back through the third major support level at $4.2160 before ending the day at sub-$4.20 levels.

At the time of writing, EOS was up by 1.17% to $4.2001. A mixed start to the day saw EOS fall to an early morning low $4.1518 before rising to a high $4.2399.

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

EOSUSD 281021 Hourly Chart

For the day ahead

EOS would need to move through the $4.2678 pivot to bring the first major resistance level at $4.6626 into play.

Support from the broader market would be needed to break out from $4.50 levels.

Barring a broad-based crypto rally, the first major resistance and Wednesday’s high $4.7788 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 $5.1736.

Failure to move through the $4.2678 pivot would bring the first major support level at $3.7568 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.3620.

Looking at the Technical Indicators

First Major Support Level: $3.7568

First Major resistance Level: $4.6626

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 11.52% on Wednesday. Following a 3.81% fall on Tuesday, Stellar’s Lumen ended the day at $0.3304.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3755 before hitting reverse.

Falling short of the first major resistance level at $0.3850, Stellar’s Lumen slumped to a late morning intraday low $0.3125.

The sell-off saw Stellar’s Lumen fall through the day’s major support levels and the 23.6% FIB of $0.3402.

Steering clear of sub-$0.30 levels, Stellar’s Lumen briefly broke back through the third major support level at $0.3372 before ending the day at sub-$0.3310 levels.

At the time of writing, Stellar’s Lumen was down by 0.03% to $0.3303. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3297 before rising to a high $0.3323.

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

XLMUSD 281021 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move through the $0.3395 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3664 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.36 levels.

Barring an extended rally, the first major resistance level and Wednesday’s high $0.3755 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 $0.4025.

Failure to move through the $0.3395 pivot would bring the first major support level at $0.3034 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 sits at $0.2765.

Looking at the Technical Indicators

First Major Support Level: $0.3034

First Major Resistance Level: $0.3664

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 slid by 10.62% on Wednesday. Reversing a 1.00% gain from Tuesday, Tron’s TRX ended the day at $0.09063.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1032 before hitting reverse.

Falling short of the first major resistance level at $0.1050, Tron’s TRX slumped to a late morning intraday low $0.08835.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the day’s major support levels.

Finding late morning support, Tron’s TRX broke back through the third major support level at $0.09008 to end the day at $0.0906 levels.

At the time of writing, Tron’s TRX was up by 1.06% to $0.09160. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09064 before rising to a high $0.09245.

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

TRXUSD 281021 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move through the $0.09406 pivot and the 38.2% FIB of $0.09890 to bring the first major resistance level at $0.09977 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 Wednesday’s high $0.1032 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 $0.1089.

Failure to move through the $0.09406 pivot would bring the first major support level at $0.08492 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.07921.

Looking at the Technical Indicators

First Major Support Level: $0.08492

First Major Resistance Level: $0.09977

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