EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 5th, 2020

EOS

EOS rose by 1.55% on Sunday. After ending the day flat on Saturday, EOS ended the week down by 2.83% to $2.517.

It was a mixed start to the day. EOS fell to an early morning intraday low $2.4651 before making a move.

Steering clear of the first major support level at $2.4571, EOS rallied to a late intraday high $2.5368.

EOS broke through the first major resistance level at $2.5084 and the second major resistance level at $2.5356.

A late pullback, however, saw EOS fall back through the second major resistance level to end the day at $2.51 levels.

At the time of writing, EOS was. A bullish start to the day saw EOS rise from an early morning low $2.5138 to a high $2.5390.

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

For the day ahead

EOS would need to avoid a fall through the $2.5063 pivot level to support a run at the first major resistance level at $2.5475.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.5390.

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 $2.5063 would bring the first major support level at $2.4758 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.46 levels. The second major support level sits at $2.4346.

Looking at the Technical Indicators

First Major Support Level: $2.4758

First Major resistance Level: $2.5475

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 rallied by 2.61% on Sunday. Following on from a 0.09% gain on Saturday, Stellar’s Lumen ended the week down by 0.68% to $0.072866.

It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.07032 making a move.

Finding support at the first major support level at $0.07234, Stellar’s Lumen rallied to a late intraday high $0.07340.

Stellar’s Lumen broke through the first major resistance level at $0.07191 and the second major resistance level at $0.07281.

A late pullback, saw Stellar’s Lumen ease back to wrap up the day at sub-$0.073 levels.

The second major resistance level provided support late in the day.

At the time of writing, Stellar’s Lumen was up by 1.44% to $0.073912. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.072807 to a high $0.074069.

Stellar’s Lumen tested the first major resistance level at $0.07407 early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.07220 pivot to support another run at the first major resistance level at $0.07407.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.074 levels.

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

Failure to avoid a fall through the $0.07220 pivot level would bring the first major support level at $0.07099 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.070 levels. The second major support level sits at $0.06912.

Looking at the Technical Indicators

First Major Support Level: $0.07099

First Major Resistance Level: $0.07407

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 slid by 2.34% on Sunday. Partially reversing a 5.13% rally from Saturday, Tron’s TRX ended the week down by 0.63% to $0.026461.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.027474 before hitting reverse.

Coming up short of the first major resistance level at $0.02870, Tron’s TRX slid to a late intraday low $0.025830.

Steering clear of the first major support level at $0.02569, Tron’s TRX recovered to $0.026 levels to limit the downside.

At the time of writing, Tron’s TRX was up by 0.34% to $0.02655. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.02633 to a high $0.02686.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.02659 pivot level to support a run at the first major resistance level at $0.02735.

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 Sunday’s high $0.027474 would likely cap any upside.

Failure to move back through the $0.02659 pivot level would bring the first major support level at $0.02570 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level sits at $0.02494.

Looking at the Technical Indicators

First Major Support Level: $0.02570

First Major Resistance Level: $0.2735

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