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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 14th, 2021

By:
Bob Mason
Published: Sep 14, 2021, 00:50 UTC

Following Monday's pullback, the majors will need to steer clear of Monday's lows to support a rebound.

Depositphotos_179061572_s-2019

In this article:

EOS

EOS fell by 2.80% on Monday. Partially reversing a 4.50% rally from Sunday, EOS ended the day at $4.7435.

Recovering from an early pullback, EOS rallied to an early afternoon intraday high $4.9506 before hitting reverse.

Falling short of the first major resistance level at $5.0243, however, EOS slid to a mid-afternoon intraday low $4.4948.

EOS fell through the first major support level at $4.6583 before a partial recovery to end the day at $4.74 levels.

At the time of writing, EOS was up by 0.56% to $4.7700. A mixed start to the day saw EOS fall to an early low $4.7064 before rising to a high $4.8168.

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

EOSUSD 140921 Hourly Chart

For the day ahead

EOS would need to avoid a fall back through the $4.7296 pivot to bring the first major resistance level at $4.9645 into play.

Support from the broader market would be needed to break back through to $4.90 levels.

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

In the event of an extended rally, EOS could test the second major resistance level at $5.1854.

A fall back through the $4.7296 pivot would bring the first major support level at $4.5087 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.40 levels. The second major support level sits at $4.2738.

Looking at the Technical Indicators

First Major Support Level: $4.5087

First Major resistance Level: $4.9645

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 4.15% on Monday. Reversing a 2.18% gain from Sunday, Stellar’s Lumen ended the day at $3186.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3364 before hitting reverse.

Falling short of the 23.6% FIB of $0.3402 and the first major resistance level at $0.3415, Stellar’s Lumen slid to an early afternoon intraday low $0.3103.

Stellar’s Lumen fell through the first major support level at $0.3202 before a partial recovery to end the day at $0.318 levels.

At the time of writing, Stellar’s Lumen was up by 0.01% to $0.3187. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3231 before falling to a low $0.3162.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLMUSD 140921 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move back through the $0.3218 pivot to bring the first major resistance level at $0.3332 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.33 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.3364 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at the 23.6% FIB of $0.3402. The second major resistance level sits at $0.3479.

Failure to move back through the $0.3218 pivot would bring the first major support level at $0.3071 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2957.

Looking at the Technical Indicators

First Major Support Level: $0.3071

First Major Resistance Level: $0.3332

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX slid by 6.68% on Monday. Partially reversing a 17.84% breakout from Sunday, Tron’s TRX ended the day at $0.1048.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1174 before hitting reverse.

Falling short of the first major resistance level at $0.1227, Tron’s TRX slid to an early afternoon intraday low $0.09869.

While steering clear of the first major support level at $0.09775, Tron’s TRX briefly fell through the 38.2% FIB of $0.09890.

Finding late support, however, Tron’s TRX broke back through the 38.2% FIB to end the day at $0.10 levels.

At the time of writing, Tron’s TRX was up by 0.47% to $0.1053. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1062 before falling to a low $0.1040.

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

TRXUSD 140921 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move through the $0.1070 pivot to bring the first major resistance level at $0.1152 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.11 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.1174 would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at the 62% FIB of $0.1316 before any pullback. The second major resistance level sits at $0.1257.

Failure to move through the $0.1070 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09653 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level sits at $0.08825.

Looking at the Technical Indicators

First Major Support Level: $0.09653

First Major Resistance Level: $0.1152

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.

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