EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 14th, 2020

EOS

EOS fell by 0.23% on Tuesday. Following on from a 0.56% decline on Monday, EOS ended the day at $2.6399.

It was a choppy start to the day. EOS fell to a late morning low $2.6142 before rising to a late morning intraday high $2.6667.

Falling short of the first major resistance level at $2.6969, EOS fell to an early afternoon intraday low $2.6114.

Steering clear of the first major support level at $2.5965, EOS recovered to $2.65 levels before falling back into the red.

At the time of writing, EOS was up by 0.23% to $2.6459. A mixed start to the day saw EOS fall to an early morning low $2.6291 before rising to a high $2.6541.

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

For the day ahead

EOS would need to avoid a fall through the $2.6393 pivot level to support a run at the first major resistance level at $2.6673.

Support from the broader market would be needed, however, for EOS to break back through to $2.66 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $2.6667 would likely cap any upside.

Failure to avoid a fall through the pivot level at $2.6393 would bring the first major support level at $2.6120 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.60 and the second major support level at $2.5840.

Looking at the Technical Indicators

First Major Support Level: $2.6120

First Major resistance Level: $2.6673

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 1.36% on Tuesday. Reversing a 0.40% gain from Monday, Stellar’s Lumen ended the day at $0.07646.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.07762 before hitting reverse.

Falling short of the first major resistance level at $0.07920, Stellar’s Lumen slid to an early afternoon intraday low $0.075447.

Stellar’s Lumen fell through the first major support level at $0.07591 before briefly revisiting $0.0767 levels.

Coming up short of $0.077 levels, however, Stellar’s Lumen fell back through the first major support level. Finding late support, however, Stellar’s Lumen wrapped up the day at $0.0764 levels.

At the time of writing, Stellar’s Lumen was up by 0.33% to $0.076717. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.076156 before rising to a high $0.076839.

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 $0.07651 pivot to support a run at the first major resistance level at $0.07757.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.0775 levels.

Barring another broad-based crypto rally, the first major resistance level and Tuesday’s high $0.07762 would likely cap any upside.

Failure to avoid a fall back through the $0.07651 pivot level would bring the first major support level at $0.07540 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 $0.07434.

Looking at the Technical Indicators

First Major Support Level: $0.07540

First Major Resistance Level: $0.07757

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 0.54% on Tuesday. Partially reversing a 2.30% rally from Monday, Tron’s TRX ended the day at $0.026856.

A bullish start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.027434 before hitting reverse.

Falling well short of the first major resistance level at $0.02811, Tron’s TRX slid to a late afternoon intraday low $0.026470.

Steering clear of the first major support level at $0.02591, Tron’s TRX revisited $0.0269 levels before easing back. Resistance at $0.027 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was up by 0.37% to $0.026956. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.026702 before rising to a high $0.027081.

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 back through the $0.02692 pivot level to support a run at the first major resistance level at $0.02737.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.027081.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.027434 would likely cap any upside.

Failure to avoid a fall back through the $0.02692 pivot level would bring the first major support level at $0.02641 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.026 levels. The second major support level sits at $0.02596.

Looking at the Technical Indicators

First Major Support Level: $0.02641

First Major Resistance Level: $0.02737

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