EOS, Stellars Lumen, and Trons TRX – Daily Analysis – October 12, 2021

EOS

EOS fell 0.79% on Monday. After falling 8.26% on Sunday, EOS ended the day at $ 4.5477.

A mixed start to the day resulted in EOS rallying to a morning intraday high of $ 4.7603 before reversing.

EOS missed the first major resistance level at $ 4.8473 and slid to a late intraday low of $ 4.4309.

EOS fell through the first major support level at $ 4.4414 before ending the day at $ 4.50.

At the time of writing, EOS was down 1.74% to $ 4.4684. After a mixed start to the day, EOS rose to an early morning high of $ 4.5514 before falling to a low of $ 4.4575.

EOS left key support and resistance levels untested early on.

For the next day

EOS would have to move through the $ 4.5796 pivot to bring the first major resistance level into play at $ 4.7284.

To get back down to the $ 4.70 level, support from the broader market would be required.

Aside from a broad-based crypto rally, Monday’s first major resistance and high at $ 4.7603 would likely limit any uptrend.

In the event of a longer rally, EOS could test the resistance at $ 5.00 before pulling back. The second major resistance level is at $ 4.9090.

If the $ 4.5796 pivot is not broken, the first major support level at $ 4.3990 would come into play.

Aside from a lengthy sell-off, however, EOS should stay away from under $ 4.00. The second major support level at $ 4.2502 should limit the downside.

Look at the technical indicators

First major support level: $ 4.3990

First major resistance level: $ 4.7284

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 rose 3.95% on Monday. Stellar’s Lumen partially reversed a 6.23% loss from Sunday, ending the day at $ 0.3444.

A mixed start to the day caused Stellar’s Lumen to slide to an intraday low of $ 0.3256 ($ 0.3256) early in the morning before moving.

To bypass the first major support level at $ 0.3209, Stellar’s Lumen rebounded to a daily high of $ 0.3575.

Stellar’s Lumen broke the 23.6% FIB at $ 0.3402 and the first major resistance level at $ 0.3497.

The story goes on

However, a late reversal caused Stellar’s Lumen to drop below $ 0.34 before ending the day at a $ 0.344 level.

Stellar’s lumen broke the 23.6% FIB late in the day.

At the time of writing, Stellar’s Lumen is down 1.65% to $ 0.3387. After a mixed start to the day, Stellar’s Lumen rose to an early morning high of $ 0.3448 before falling to a low of $ 0.3374.

While Stellar’s Lumen left key support and resistance levels untested, it fell through the 23.6% FIB of $ 0.3402.

For the next day

Stellar’s lumen would have to move through the 23.6% FIB and $ 0.3425 pivot to bring the first major resistance level into play at $ 0.3594.

However, in order for Stellar’s Lumen to break out of $ 0.3450, it would require support from the broader market.

Without an extended rally, the first major resistance level and Monday high of $ 0.3575 would likely limit the uptrend.

In the event of a large-scale crypto rally, Stellar’s Lumen could test resistance at $ 0.38 before pulling back. The second major resistance level is at $ 0.3744.

Failure to return through 23.6% FIB and the $ 0.3425 pivot would bring the first major support level into play at $ 0.3275.

Aside from another lengthy sell-off that day, Stellar’s Lumen should stay well below $ 0.30. The second major support level at $ 0.3106 should limit the downside.

Look at the technical indicators

First major support level: $ 0.3275

First major resistance level: $ 0.3594

23.6% FIB Retracement Level: $ 0.3402

38% FIB Retracement Level: $ 0.4277

62% FIB Retracement Level: $ 0.5690

Trons TRX

Tron’s TRX was down 0.77% on Monday. After falling 4.76% on Sunday, Tron’s TRX ended the day at $ 0.09716.

A mixed start to the day resulted in Tron’s TRX rising to a mid-morning intraday high of $ 0.11013 before going into reverse.

Tron’s TRX hit the area of ​​the first major resistance level at $ 0.1019 and slid to a late intraday low of $ 0.09471.

Tron’s TRX fell through the 38.2% FIB at $ 0.09890 and the first major support level at $ 0.09535.

However, when it found late support, Tron’s TRX broke the first major support level and ended the day at a level of $ 0.097.

At the time of writing, Tron’s TRX is down 1.51% to $ 0.09569. After a mixed start to the day, Tron’s TRX rose to an early morning high of $ 0.09716 before falling to a low of $ 0.09503.

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

For the next day

Tron’s TRX would have to move through the $ 0.09772 pivot to bring into play the 38.2% FIB of $ 0.09890 and the first major resistance level at $ 0.1007.

However, support from the broader market would be required for Tron’s TRX to break back to the $ 0.10 level.

Aside from an extended crypto rally, the first major resistance level and Monday’s high at $ 0.11013 would likely limit the uptrend.

In the event of a large-scale crypto rally, Tron’s TRX could test resistance at $ 0.11 before pulling back. The second major resistance level is at $ 0.1043.

If the $ 0.09772 pivot is not broken, the first major support level at $ 0.09415 would come into play.

However, aside from an extended sell-off, Tron’s TRX should stay well below $ 0.090. The second major support level at $ 0.09113 should limit the downside.

Look at the technical indicators

First major support level: $ 0.09415

First major resistance level: $ 0.1007

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

This article was originally published on FX Empire

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