EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 19th, 2020

EOS

EOS rose by 1.06% on Sunday. Reversing a 0.69% loss from Saturday, EOS ended the week down by 4.12% to $2.5494.

It was a bullish start to the day. EOS rose from an early morning intraday low $2.5181 to an early afternoon intraday high $2.5611.

EOS broke through the first major resistance level at $2.5571 before falling back to sub-$2.54 levels.

Avoiding sub-$2.52 levels and the red, EOS move back through to $2.55 levels before wrapping up the week at $2.54 levels.

At the time of writing, EOS was down by 0.51% to $2.5363. A mixed start to the day saw EOS rise to an early morning high $2.5588 before falling to a low $2.5296.

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

For the day ahead

EOS would need to move back through the $2.5429 pivot level to support a run at the first major resistance level at $2.5676.

Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $2.5611.

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

Failure to move back through the pivot level at $2.5429 would bring the first major support level at $2.5246 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.50 and the second major support level at $2.4999.

Looking at the Technical Indicators

First Major Support Level: $2.5246

First Major resistance Level: $2.5676

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 2.53% on Sunday. Partially reversing a 2.92% gain from Saturday, Stellar’s Lumen ended the week up by 2.93% to $0.07947.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.08219 before hitting reverse.

Falling short of the first major resistance level at $0.08474, Stellar’s Lumen slid to a late intraday low $0.079185.

Steering clear of the first major support level at $0.07805, Stellar’s Lumen moved back through to $0.07940 levels to limit the loss.

At the time of writing, Stellar’s Lumen was up by 0.83% to $0.080127. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.079387 before rising to a high $0.080127.

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 through the $0.08028 pivot to support a run at the first major resistance level at $0.08138.

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 through the $0.08028 pivot level would bring the first major support level at $0.07837 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.078 levels. The second major support level sits at $0.07728.

Looking at the Technical Indicators

First Major Support Level: $0.07837

First Major Resistance Level: $0.08138

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 rose by 0.47% on Sunday. Following on from a 0.31% gain on Saturday, Tron’s TRX ended the week down by 2.19% to $0.02592.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.02555 before making a move.

Steering clear of the first major support level at $0.02534, Tron’s TRX struck a mid-morning intraday high $0.02617.

Falling short of the first major resistance level at $0.02626, Tron’s TRX fell back to sub-$0.026 levels.

A choppy 2^nd half of the day saw resistance at $0.026 pin Tron’s TRX back on the day.

At the time of writing, Tron’s TRX was down by 0.76% to $0.02572. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.02611 before falling to a low $0.02572.

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 $0.02588 pivot level to support a run at the first major resistance level at $0.02621.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.026 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.02617 would likely cap any upside.

Failure to move through the $0.02588 pivot level would bring the first major support level at $0.02559 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 $0.02526 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.02559

First Major Resistance Level: $0.02621

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