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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 28th, 2021

By:
Bob Mason
Published: Sep 28, 2021, 01:16 UTC

Following Monday's losses, moving through the day's pivot levels would be key to avoiding heavier losses on the day.

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

In this article:

EOS

EOS fell by 3.73% on Monday. Following a 0.92% loss on Sunday, EOS ended the day at $3.8255.

A bullish start to the day saw EOS rise to an early morning intraday high $4.1119 before hitting reverse.

Falling short of the first major resistance level at $4.1938, EOS fell to a late intraday low $3.8249.

Steering clear of the first major support level at $3.7140, however, EOS found support to end the day at $3.825 levels.

At the time of writing, EOS was up by 0.28% to $3.8361. A mixed start to the day saw EOS fall to an early morning low $3.7992 before rising to a high $3.8625.

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

EOSUSD 280921 Hourly Chart

For the day ahead

EOS would need to move through the $3.9208 pivot to bring the first major resistance level at $4.0166 into play.

Support from the broader market would be needed to break back through to $4.00 levels.

Barring a broad-based crypto rally, the first major resistance and Monday’s high $4.1119 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $4.2078 before any pullback.

Failure to move through the $3.9208 pivot would bring the first major support level at $3.7296 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.6338.

Looking at the Technical Indicators

First Major Support Level: $3.7296

First Major resistance Level: $4.0166

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 3.95% on Monday. Following a 0.32% decline on Sunday, Stellar’s Lumen ended the day at $0.2651.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.2833 before hitting reverse.

Falling short of the first major resistance level at $0.2858, Stellar’s Lumen slid to a late intraday low $0.2649.

Steering clear of the first major support level at $0.2639, however, Stellar’s Lumen found support to end the day at $0.265 levels.

At the time of writing, Stellar’s Lumen was up by 0.36% to $0.2661. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2634 before rising to a high $0.2679.

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

XLMUSD 280921 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move through the $0.2711 pivot to bring the first major resistance level at $0.2773 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.2750 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.2833 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 $0.2895.

Failure to move through the $0.2711 pivot would bring the first major support level at $0.2589 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 at $0.2527 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2589

First Major Resistance Level: $0.2773

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX fell by 2.83% on Monday. Following a 3.14% slide on Sunday, Tron’s TRX ended the day at $0.08562.

A choppy start to the day saw Tron’s TRX fall to an early morning low $0.08638 before making a move.

Steering clear of the first major support level at $0.08390, Tron’s TRX rallied to a mid-morning intraday high $0.09090.

Falling short of the first major resistance level at $0.09171, however, Tron’s TRX slid to a late intraday low $0.08561.

Steering clear of the first major support level at $0.08390 once more, Tron’s TRX ended the day at $0.0856 levels.

At the time of writing, Tron’s TRX was up by 0.81% to $0.08631. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08522 before rising to a high $0.08688.

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

EOSUSD 280921 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move through the $0.08738 pivot to bring the first major resistance level at $0.08914 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.089 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.09090 would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.095 levels before any pullback. The second major resistance level sits at $0.09267.

Failure to move through the $0.08738 pivot would bring the first major support level at $0.08385 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 $0.07967 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.08385

First Major Resistance Level: $0.08914

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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