EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 27th, 2020

EOS

EOS slid by 2.94% on Monday. Reversing a 1.87% gain from Sunday, EOS ended the day at $2.6316.

It was another mixed start to the day. EOS rose to an early morning intraday high $2.7551 before hitting reverse.

Falling short of the first major resistance level at $2.7698, EOS slid to a late afternoon intraday low $2.5892.

The pullback saw EOS fall through the first major support level at $2.6226 before revisiting $2.65 levels.

A bearish end to the day, however, saw EOS ease back to wrap up the day at $2.63 levels. In spite of the late pullback, EOS avoided a fall back through the first major support level.

At the time of writing, EOS was up by 0.38% to $2.6415. A mixed start to the day saw EOS fall to an early morning low $2.6284 before rising to a high $2.6550.

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

For the day ahead

EOS would need to move through the $2.6586 pivot level to support a run at the first major resistance level at $2.7281.

Support from the broader market would be needed, however, for EOS to break back through to $2.70 levels.

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

Failure to move through the pivot level at $2.6586 would bring the first major support level at $2.5622 into play.

Barring another extended sell-off, however, EOS should steer of sub-$2.50 levels and the second major support level at $2.4927.

Looking at the Technical Indicators

First Major Support Level: $2.5622

First Major resistance Level: $2.7281

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 2.28% on Monday. Following on from a 2.87% slide on Sunday, Stellar’s Lumen ended the day at $0.081261.

A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.084586 before hitting reverse.

Falling short of the first major resistance level at $0.08531, Stellar’s Lumen slid to a late afternoon intraday low $0.079856.

Stellar’s Lumen fell through the first major support level at $0.08158 and the second major support level at $0.07999.

Finding late support, however, Stellar’s Lumen briefly broke back through the major support levels before wrapping up the day at $0.08126 levels.

A late pullback saw Stellar’s Lumen fall back through the first major support level at $0.08158.

At the time of writing, Stellar’s Lumen was up by 0.17 to $0.081396. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.081034 before rising to a high $0.081793.

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 $0.08190 pivot to support a run at the first major resistance level at $0.08395.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.083 levels.

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

Failure to move through the $0.08190 pivot level would bring the first major support level at $0.07922 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.07717.

Looking at the Technical Indicators

First Major Support Level: $0.07922

First Major Resistance Level: $0.08395

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 0.72% on Monday. Reversing a 0.38% gain from Sunday, Tron’s TRX ended the day at $0.02680.

It was a mixed start to the day. Tron’s TRX rose to an early morning intraday high $0.027577 before hitting reverse.

Falling short of the first major resistance level at $0.02775, Tron’s TRX fell to a late afternoon intraday low $0.026261.

Tron’s TRX fell through the first major support level at $0.02649 before briefly revisiting $0.027 levels.

A bearish end to the day, however, left Tron’s TRX at sub-$0.027 levels at the day end.

At the time of writing, Tron’s TRX was up by 0.61% to $0.02695. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02664 before rising to a high $0.027063.

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 $0.02688 pivot level to support another run at the first major resistance level at $0.02749.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.02740 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.027577 would likely cap any upside.

Failure to avoid a fall back through the $0.02688 pivot level would bring the first major support level at $0.02617 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.026 levels. The second major support level sits at $0.02556.

Looking at the Technical Indicators

First Major Support Level: $0.02617

First Major Resistance Level: $0.02749

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