EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 29th, 2020

EOS

EOS fell by 1.13% on Monday. Reversing a 0.88% gain from Sunday, EOS ended the day at $2.5612.

It was a mixed start to the day. EOS rose to a midday intraday high $2.6390 before hitting reverse.

The early rally saw EOS break through the first major resistance level at $2.6184. Coming up short of the second major resistance level at $2.6472, EOS slid to a late intraday low $2.5381.

EOS fell through the first major support level at $2.5426 before a partial recovery to $2.56 levels.

At the time of writing, EOS was up by 0.34% to $2.5700. A mixed start to the day saw EOS fall to an early morning low $2.5478 before rising to a high $2.5765.

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

For the day ahead

EOS would need to move through the $2.5794 pivot level to support a run at the first major resistance level at $2.6208.

Support from the broader market would be needed, however, for EOS to break back through to $2.60 levels.

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

Failure to move through the pivot level at $2.5794 would bring the first major support level at $2.5199 into play.

Barring an extended sell-off, however, EOS should steer of sub-$2.50 levels. The second major support level sits at $2.4785.

Looking at the Technical Indicators

First Major Support Level: $2.5199

First Major resistance Level: $2.6208

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 slipped by 0.22% on Monday. Following on from a 0.49% decline on Sunday, Stellar’s Lumen ended the day at $0.073206.

A bullish start to the day saw Stellar’s Lumen rise to a midday intraday high $0.075999 before hitting reverse.

Stellar’s Lumen broke the first major resistance level at $0.07487 before sliding to a final hour intraday low $0.07250.

In spite of the reversal, Stellar’s Lumen steered clear of the first major support level at $0.07162. A move back through to $0.073 levels limited the downside on the day.

At the time of writing, Stellar’s Lumen was up by 0.64% to $0.073672. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.072743 before rising to a high $0.074063.

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

For the day ahead

Stellar’s Lumen would need to move back through the $0.07380 pivot to support a run at the first major resistance level at $0.07530.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.075 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $0.075999 would likely cap any upside.

Failure to move back through the $0.07390 pivot level would bring the first major support level at $0.07180 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 at $0.07040 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.07180

First Major Resistance Level: $0.07530

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 1.24% on Monday. Following on from a 2.32% loss on Sunday, Tron’s TRX ended the day at $0.026296.

A relatively bullish start to the day saw Tron’s TRX rise to a midday intraday high $0.027266 before hitting reverse.

Falling short of the first major resistance level at $0.02748, Tron’s TRX slid to a final hour intraday low $0.025934.

Steering clear of the first major support level at $0.02570, Tron’s TRX moved back through to $0.026 levels to limit the downside.

At the time of writing, Tron’s TRX was down by 0.48% to $0.02617. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02600 before rising to a high $0.02644.

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 $0.02650 pivot level to support a run at the first major resistance level at $0.02706.

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 Monday’s high $0.027266 would likely cap any upside.

Failure to move through the $0.02650 pivot level would bring the first major support level at $0.02573 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.025 levels. The second major support level at $0.02517 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2573

First Major Resistance Level: $0.2706

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