EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 1st, 2020

EOS

EOS fell by 0.74% on Wednesday. Partially reversing a 1.54% gain from Tuesday, EOS ended the month down by 19.7% to $2.5792.

It was a mixed start to the day. EOS rose to an early morning intraday high $2.6012 before hitting reverse.

Falling short of the first major resistance level at $2.6242, EOS slid to a midday intraday low $2.5509.

Steering clear of the first major support level at $2.5604, EOS rallied to a final hour high $2.5884 before easing back.

At the time of writing, EOS was up by 0.30% to $2.5870. A mixed start to the day saw EOS fall to an early morning low $2.5702 before rising to a high $2.5927.

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

For the day ahead

EOS would need to avoid a fall through the $2.5771 pivot level to support a run at the first major resistance level at $2.6033.

Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.6012.

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

Failure to avoid a fall through the pivot level at $2.5771 would bring the first major support level at $2.5530 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels. The second major support level at $2.5268 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $2.5530

First Major resistance Level: $2.6033

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 1.07% on Wednesday. Following on from a 1.30% gain on Tuesday, Stellar’s Lumen ended the month down by 22.6% to $0.07490.

It was a bearish start to the day. Stellar’s Lumen fell to a midday intraday low $0.072060 making a move.

Stellar’s Lumen fell through the first major support level at $0.07243 before striking a final hour intraday high $0.075051.

Falling short of the first major resistance level at $0.07539, Stellar’s Lumen slipped back to end the day at sub-$0.075 levels.

At the time of writing, Stellar’s Lumen was up by 0.29% to $0.075118. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.074704 before rising to a high $0.075125.

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 $0.074 pivot to support a run at the first major resistance level at $0.07595.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.075125.

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

Failure to avoid a fall through the $0.074 pivot level would bring the first major support level at $0.07296 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.072 levels. The second major support level sits at $0.07101.

Looking at the Technical Indicators

First Major Support Level: $0.07296

First Major Resistance Level: $0.07595

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 Wednesday. Reversing a 0.22% gain from Tuesday, Tron’s TRX ended the month down by 10.1% to $0.026191.

A bearish start to the day saw Tron’s TRX fall to a mid-morning intraday low $0.025666 before making a move.

Finding support at the first major support level at $0.02566, Tron’s TRX rallied to an early afternoon intraday high $0.026681.

Coming up against the first major resistance level at $0.02677, Tron’s TRX fell back to sub-$0.026 levels and into the red.

Finding late support, however, Tron’s TRX moved back through to $0.0261 levels to limit the loss on the day.

At the time of writing, Tron’s TRX was up by 1.30% to $0.026531. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.02609 to a high $0.02655.

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 $0.02618 pivot level to support a run at the first major resistance level at $0.02669.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Wednesday’s high $0.026681.

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

Failure to avoid a fall through the $0.02618 pivot level would bring the first major support level at $0.02568 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level at $0.02516 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.02568

First Major Resistance Level: $0.02669

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