EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 15th, 2020

EOS

EOS fell by 1.27% on Wednesday. Following on from a 0.23% loss on Tuesday, EOS ended the day at $2.6092.

It was a choppy start to the day. EOS fell to a late morning low $2.6190 before rising to an early afternoon intraday high $2.6599.

Falling short of the first major resistance level at $2.6673, EOS fell to a mid-afternoon intraday low $2.5781.

EOS fell through the first major support level at $2.6120 and the second major support level at $2.5840.

Finding late support, however, EOS moved back through the second major support level to end the day at $2.60 levels.

At the time of writing, EOS was down by 0.25% to $2.6026. A mixed start to the day saw EOS rise to an early morning high $2.6136 before falling to a low $2.6026.

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

For the day ahead

EOS would need to move through the $2.6157 pivot level to support a run at the first major resistance level at $2.6534.

Support from the broader market would be needed, however, for EOS to break back through to $2.65 levels.

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

Failure to move through the pivot level at $2.6157 would bring the first major support level at $2.5716 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.55 and the second major support level at $2.5339.

Looking at the Technical Indicators

First Major Support Level: $2.5716

First Major resistance Level: $2.6534

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 3.09% on Wednesday. Following on from a 1.36% decline on Tuesday, Stellar’s Lumen ended the day at $0.074098.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.076839 before hitting reverse.

Falling short of the first major resistance level at $0.07757, Stellar’s Lumen slid to a final hour intraday low $0.073500.

Stellar’s Lumen fell through the first major support level at $0.07540 and the second major support level at $0.07434.

A late move back through to $0.074 levels reduced the deficit on the day, however.

At the time of writing, Stellar’s Lumen was down by 0.68% to $0.07360. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.074098 to a low $0.073511.

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 $0.07481 pivot to support a run at the first major resistance level at $0.07613.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.076 levels.

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

Failure to move through the $0.07481 pivot level would bring the first major support level at $0.07279 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should continue to steer clear of sub-$0.070 levels. The second major support level at $0.07147 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.07279

First Major Resistance Level: $0.07612

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 0.09% on Wednesday. Following on from a 0.54% loss on Tuesday, Tron’s TRX ended the day at $0.02686.

A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.02726 before hitting reverse.

Falling short of the first major resistance level at $0.02737, Tron’s TRX slid to a late afternoon intraday low $0.02623.

Tron’s TRX fell through the first major support level at $0.02641 before revisiting $0.02689 levels.

A pullback to sub-$0.02688 levels left Tron’s TRX in the red for the day, however.

At the time of writing, Tron’s TRX was down by 1.11% to $0.02656. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.02686 to a low $0.02656.

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

For the Day Ahead

Tron’s TRX would need to move through the $0.02678 pivot level to support a run at the first major resistance level at $0.02734.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.027 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.02726 would likely cap any upside.

Failure to move through the $0.02678 pivot level would bring the first major support level at $0.02631 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level at $0.02575 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.02631

First Major Resistance Level: $0.02734

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