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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 5th, 2021

EOS

EOS fell by 0.87% on Monday. Partially reversing a 7.23% rally from Sunday, EOS ended the day at $4.5992.

After a mixed start to the day, EOS rose to an early afternoon intraday high $4.7415 before hitting reverse.

Falling short of the first major resistance level at $4.9275, EOS slid to a mid-afternoon intraday low $4.3404.

Steering clear of the first major support level at $4.2890, however, EOS found late support to end the day at $4.5 levels.

At the time of writing, EOS was up by 0.55% to $4.6247. A mixed start to the day saw EOS fall to an early morning low $4.6160 before rising to a high $4.6950.

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

EOSUSD 051021 Hourly Chart

For the day ahead

EOS would need to avoid the $4.5604 pivot to bring the first major resistance level at $4.7803 into play.

Support from the broader market would be needed to break out from Monday’s high $4.7415.

Barring a broad-based crypto rally, the first major resistance and resistance at $4.80 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 $4.9615.

A fall through the $4.5604 pivot would bring the first major support level at $4.3792 into play.

Barring an extended sell-off, however, EOS should steer clear of the second major support level at $4.1593.

Looking at the Technical Indicators

First Major Support Level: $4.3792

First Major resistance Level: $4.7803

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 1.46% on Monday. Following a 0.44% decline on Sunday, Stellar’s Lumen ended the day at $0.3105.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3155 before hitting reverse.

Falling short of the first major resistance level at $0.3214, Stellar’s Lumen fell to a mid-afternoon intraday low $0.2968.

Stellar’s Lumen fell through the first major support level at $0.3101 and the second major support level at $0.3053.

Finding late support, however, Stellar’s Lumen broke back through the major support levels to end the day at $0.3105.

At the time of writing, Stellar’s Lumen was up by 0.04% to $0.3106. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3086 before rising to a high $0.3137.

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

XLMUSD 051021 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid the $0.3076 pivot to bring the first major resistance level at $0.3184 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.3155.

Barring an extended rally, the first major resistance level and resistance at $0.32 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 levels before any pullback. The second major resistance level sits at $0.3263.

A fall through the $0.3076 pivot would bring the first major support level at $0.2997 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.29 levels. The second major support level sits at $0.2889.

Looking at the Technical Indicators

First Major Support Level: $0.2997

First Major Resistance Level: $0.3184

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 1.52% on Monday. Partially reversing a 2.20% gain from Sunday, Tron’s TRX ended the day at $0.09356.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.09554 before hitting reverse.

Falling short of the first major resistance level at $0.09761, Tron’s TRX slid to a mid-afternoon intraday low $0.08966.

Tron’s TRX fell through the first major support level at $0.09294 and the second major support level at $0.09038.

Steering clear of the third major support level at $0.08571, however, Tron’s TRX broke back through the major support levels to end the day at $0.093 levels.

At the time of writing, Tron’s TRX was down by 0.51% to $0.09308. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09226 before rising to a high $0.09509.

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

TRXUSD 051021 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.09292 pivot to bring the first major resistance level at $0.09618 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.09554.

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 the second major resistance level at $0.09880 and the 38.2% FIB of $0.09890 before any pullback.

A fall back through the $0.09292 pivot would bring the first major support level at $0.09030 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.085 levels. The second major support level at $0.08704 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.09030

First Major Resistance Level: $0.09618

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