EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 10th, 2020

EOS

EOS fell by 1.47% on Monday. Partially reversing a 1.66% gain from Sunday, EOS ended the day at $2.4991.

It was a mixed start to the day. EOS fell to a late morning low $2.4872 before making a move.

Finding support at the first major support level at $2.4878, EOS rallied to a late morning intraday high $2.5859.

EOS broke through the first major resistance level at $2.5829 before sliding to a late afternoon intraday low $2.4318.

The sell-off saw EOS fall through the first major support level at $2.4878 and the second major support level at $2.4368.

Finding late support, EOS broke back through the major support levels to revisit $2.52 levels before easing back.

At the time of writing, EOS was up by 0.11% to $2.5018. A mixed start to the day saw EOS fall to an early morning low $2.4751 before rising to a high $2.5156.

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

For the day ahead

EOS would need to move back through the $2.5056 pivot level to support a run at the first major resistance level at $2.5794.

Support from the broader market would be needed, however, for EOS to break back through to $2.57 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the pivot level at $2.5056 would bring the first major support level at $2.4253 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.40 levels. The second major support level sits at $2.3515.

Looking at the Technical Indicators

First Major Support Level: $2.4253

First Major resistance Level: $2.5794

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 2.11% on Monday. Reversing a 2.32% gain from Sunday, Stellar’s Lumen ended the day at $0.079779.

A mixed start to the day saw Stellar’s Lumen fall to a late morning low $0.079387 before making a move.

Steering clear of the first major support level at $0.07920, Stellar’s Lumen rallied to a late morning intraday high $0.082223.

Falling well short of the first major resistance level at $0.08333, Stellar’s Lumen slid to a late afternoon intraday low $0.078030.

Stellar’s Lumen fell through the first major support level at $0.07920 before revisiting $0.080 levels.

A bearish end to the day, however, left Stellar’s Lumen at sub-$0.080 levels at the day end.

At the time of writing, Stellar’s Lumen was up by 0.84% to $0.080452. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.079172 before rising to a high $0.081042.

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

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.08001 pivot to support a run at the first major resistance level at $0.08199.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.081 levels.

Barring another broad-based crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall back through the $0.08001 pivot level would bring the first major support level at $0.07780 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.07582.

Looking at the Technical Indicators

First Major Support Level: $0.07780

First Major Resistance Level: $0.08199

23.6% FIB Retracement Level: $0.09280

38% FIB Retracement Level: $0.1333

62% FIB Retracement Level: $0.1989

Tron’s TRX

Tron’s TRX fell by 2.19% on Monday. Partially reversing a 2.56% gain from Sunday, Tron’s TRX ended the day at $0.024838.

Tracking the broader market, Tron’s TRX fell to a late morning low $0.024751 before making a move.

Steering clear of the first major support level at $0.02470, Tron’s TRX struck a late morning intraday high $0.026001.

Coming up against the first major resistance level at $0.02599, however, Tron’s TRX slid to a late afternoon intraday low $0.024466.

Tron’s TRX fell through the first major support level at $0.02470 before briefly revisiting $0.0253 levels.

A bearish end to the day, however, saw Tron’s TRX fall back to end the day at sub-$0.025 levels.

At the time of writing, Tron’s TRX was up by 0.42% to $0.024942. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.024447 before rising to a high $0.025163.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.02510 pivot level to support a run at the first major resistance level at $0.02574.

Support from the broader market would be needed, however, for Tron’s TRX to break back out from the morning high $0.025163.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move back through the $0.02510 pivot level would bring the first major support level at $0.02420 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.024 levels. The second major support level sits at $0.02357.

Looking at the Technical Indicators

First Major Support Level: $0.02420

First Major Resistance Level: $0.02574

23.6% FIB Retracement Level: $0.0291

38.2% FIB Retracement Level: $0.0428

62% FIB Retracement Level: $0.0648

Please let us know what you think in the comments below

Thanks, Bob