EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 22nd, 2021

EOS

EOS slid by 7.34% on Tuesday. Following a 14.58% tumble on Monday, EOS ended the day at $3.8892.

A bearish start to the day saw EOS slide to an early morning low $3.8415 before finding support.

Finding support at the first major support level at $3.8763, EOS rose to a late morning intraday high $4.3144.

Falling well short of the first major resistance level at $4.7253, however, EOS slid back to a late intraday low $3.7878.

EOS fell through the first major support level before a partial recovery to $3.88 levels.

At the time of writing, EOS was down by 0.66% to $3.8636. A mixed start to the day saw EOS rise to an early morning high $3.9608 before falling to a low $3.8563.

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

For the day ahead

EOS would need to move through the $3.9971 pivot to bring the first major resistance level at $4.2065 into play.

Support from the broader market would be needed to break out from $4.10 levels.

Barring a broad-based crypto rally, the first major resistance and Tuesday’s high $4.3144 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $4.5237 before any pullback.

Failure to move through the $3.9971 pivot would bring the first major support level at $3.6799 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.4705.

Looking at the Technical Indicators

First Major Support Level: $3.6799

First Major resistance Level: $4.2065

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 5.71% on Tuesday. Following a 9.98% slide on Monday, Stellar’s Lumen ended the day at $0.2661.

A bearish start to the day saw Stellar’s Lumen fall to an early morning low $0.2700 before making a move.

Steering clear of the major support levels, Stellar’s Lumen rose to a mid-day intraday high $0.2876.

Falling short of the first major resistance level at $0.3077, Stellar’s Lumen slid to a late intraday low $0.2620.

Stellar’s Lumen fell through the first major support level at $0.2638 before ending the day at $0.266 levels.

At the time of writing, Stellar’s Lumen was down by 0.86% to $0.2638. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2691 before falling to a low $0.2635.

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 $0.2719 pivot to bring the first major resistance level at $0.2818 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.28 levels.

Barring an extended rally, the first major resistance level and Tuesday’s high $0.2876 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2975.

Failure to move through the $0.2719 pivot would bring the first major support level at $0.2562 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level sits at $0.2463.

Looking at the Technical Indicators

First Major Support Level: $0.2562

First Major Resistance Level: $0.2818

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX fell by 3.62% on Tuesday. Following an 11.50% slump on Monday, Tron’s TRX ended the day at $0.08828.

A bearish start to the day saw Tron’s TRX slide to an early morning low $0.08644 before making a move.

Steering clear of the first major support level at $0.08589, Tron’s TRX rose to a late afternoon intraday high $0.09583.

Falling short of the 38.2% FIB of $0.9890 and the major resistance levels, however, Tron’s TRX slid to a late intraday low $0.08633.

Continuing to steer clear of the first major support level at $0.08589, Tron’s TRX ended the day at $0.088 levels.

At the time of writing, Tron’s TRX was down by 0.42% to $0.08791. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.08967 before falling to a low $0.08746.

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 $0.09015 pivot to bring the first major resistance level at $0.09396 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.093 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.09583 would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at the 38.2% FIB of $0.09890 before any pullback. The second major resistance level sits at $0.9965.

Failure to move through $0.09015 pivot would bring the first major support level at $0.08446 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level at $0.08065 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.08446

First Major Resistance Level: $0.09396

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