EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 13th, 2020

EOS

EOS fell by 0.56% on Monday. Reversing a 0.55% decline from Sunday, EOS ended the day at $2.6441.

It was a mixed start to the day. EOS fell to a late morning intraday low $2.6018 before making a move.

The reversal saw EOS fall through the first major support level at $2.6090 before rallying to an intraday high $2.7022.

EOS broke through the first major resistance level at $2.6996 before sliding back to sub-$2.65 levels and into the red.

At the time of writing, EOS was flat at $2.6442. A choppy start to the day saw EOS rise to an early morning high $2.6497 before falling to a low $2.6247.

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

For the day ahead

EOS would need to move through the $2.6494 pivot level to support a run at the first major resistance level at $2.6969.

Support from the broader market would be needed, however, for EOS to break back through to $2.69 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $2.7022 would likely cap any upside.

Failure to move through the pivot level at $2.6494 would bring the first major support level at $2.5965 into play.

Barring an extended sell-off, however, EOS should steer of the second major support level at $2.5490.

Looking at the Technical Indicators

First Major Support Level: $2.5965

First Major resistance Level: $2.6969

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 0.40% on Monday. Reversing a 0.18% fall from Sunday, Stellar’s Lumen ended the day at $0.07751.

A bearish start to the day saw Stellar’s Lumen fall to a late morning intraday low $0.076003 before making a move.

Stellar’s Lumen fell through the first major support level at $0.07629 before rallying to a late intraday high $0.079291.

Stellar’s Lumen broke through the first major resistance level at $0.07842 before sliding back to sub-$0.078 levels.

At the time of writing, Stellar’s Lumen was down by 0.49% to $0.077134. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.077620 before falling to a low $0.076840.

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

For the day ahead

Stellar’s Lumen would need to move through the $0.07760 pivot to support a run at the first major resistance level at $0.07920.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.079 levels.

Barring another broad-based crypto rally, the first major resistance level and Monday’s high $0.079291 would likely cap any upside.

Failure to move through the $0.07760 pivot level would bring the first major support level at $0.07591 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should continue to steer clear of sub-$0.075 levels. The second major support level sits at $0.07431.

Looking at the Technical Indicators

First Major Support Level: $0.07591

First Major Resistance Level: $0.07920

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 rallied by 2.30% on Monday. Following on from a 0.21% gain on Sunday, Tron’s TRX ended the day at $0.02711.

A bearish start to the day saw Tron’s TRX fall to a late morning intraday low $0.025705 before making a move.

Tron’s TRX fell through the first major support level at $0.02608 before rallying to a late intraday high $0.027903.

Tron’s TRX broke through the first major resistance level at $0.02689 and the second major resistance level at $0.02728.

A late pullback, however, saw Tron’s TRX slide back to sub-$0.027 levels before wrapping up the day at $0.027 levels.

The first major resistance level at $0.02689 provided support in the final hour.

At the time of writing, Tron’s TRX was up by 0.01% to $0.027113. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.026841 before rising to a high $0.027244.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.02691 pivot level to support a run at the first major resistance level at $0.02811.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.027903.

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

Failure to avoid a fall through the $0.02691 pivot level would bring the first major support level at $0.02591 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level sits at $0.02471.

Looking at the Technical Indicators

First Major Support Level: $0.02591

First Major Resistance Level: $0.02811

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