Tron’s EOS, Stellar’s Lumen and TRX – Daily Analysis – October 19, 2021


EOS

EOS ended the day flat on Monday. After falling 3.22% on Sunday, EOS ended the day at $ 4.4179.

A bullish start to the day saw EOS hit an intraday high of $ 4.5674 late in the morning before reversing.

Below the first major resistance level at $ 4.6068, EOS fell to an intraday low of $ 4.3544.

Away from the first major support level at $ 4.2241, EOS fell back to $ 4.4 to end the day flat.

At the time of this writing, EOS was up 0.13% to $ 4.4238. A mixed start to the day saw EOS drop to an early morning low of $ 4.3988 before climbing to a high of $ 4.4483.

EOS left major support and resistance levels untested early on.

For the day ahead

EOS is expected to break through the pivot at $ 4.4466 to bring into play the first major resistance level at $ 4.5387.

Broad market support would be needed to return to levels of $ 4.50.

Barring a full-scale crypto rally, the first major resistance and Monday’s $ 4.5674 high would likely cap any rise.

In the event of a prolonged rally, EOS could test resistance at levels of $ 4.70 before any pullbacks. The third major resistance level stands at $ 4.6596.

If you fail to break through the pivot at $ 4.4466, the first major support level at $ 4.3257 would come into play.

Unless there is an extended sale, however, EOS should avoid levels below $ 4.20. The second major support level at $ 4.2336 should limit the decline.

Watch technical indicators

First major support level: $ 4.3257

First major resistance level: $ 4.5387

23.6% FIB retracement level: $ 6.52

38% FIB retracement level: $ 9.68

62% FIB retracement level: $ 14.77

Star lumen

Stellar lumen fell 0.99% on Monday. After a 3.30% loss on Sunday, Stellar’s Lumen ended the day at $ 0.3796.

After a mixed start to the day, Stellar’s Lumen hit an intraday high of $ 0.3952 before reversing.

Below the first major resistance level at $ 0.4018, Stellar’s Lumen fell to an intraday low of $ 0.3762.

Moving away from the first major support level at $ 0.3666, however, Stellar’s Lumen revisited the $ 0.38 levels before slowing down.

At the time of this writing, Stellar’s Lumen was down 0.09% to $ 0.3792. A mixed start to the day saw Stellar’s Lumen drop to an early morning low of $ 0.3773 before hitting a high of $ 0.3810.

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

For the day ahead

Stellar Lumen is expected to break through the $ 0.3837 pivot to bring into play the first major resistance level at $ 0.3911.

However, broad market support would be needed for Stellar’s Lumen to return to levels of $ 0.39.

Barring a prolonged rally, the first major resistance level and Monday’s high of $ 0.3952 would likely cap the upside.

In the event of a large scale crypto rally, Stellar’s Lumen could test 38.2% FIB resistance from $ 0.4277 before any pullback. The second major resistance level is located at $ 0.4027.

If you fail to break through the pivot at $ 0.3837, the first major support level at $ 0.3721 would come into play.

Barring another extended sale that day, Stellar’s Lumen is expected to avoid 23.6% FIB of $ 0.3402. The second major support level at $ 0.3647 should limit the decline.

Watch technical indicators

First major support level: $ 0.3721

First major resistance level: $ 0.3911

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 1.04% on Monday. Reversing a gain of 0.08% from Sunday, Tron’s TRX ended the day at $ 0.09804.

A mixed start to the day saw Tron’s TRX reach an early morning intraday high of $ 0.09991 before reversing.

Below the first major resistance level at $ 0.1021, Tron’s TRX slipped to an intraday low of $ 0.09647.

While avoiding the first major support level at $ 0.09568, Tron’s TRX broke through the FIB 38.2% of $ 0.09890 to end the day at $ 0.098.

At the time of this writing, Tron’s TRX was up 0.13% to $ 0.09816. A mixed start to the day saw Tron’s TRX drop to an early morning low of $ 0.09760 before climbing to $ 0.09898.

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

For the day to come

Tron’s TRX is expected to avoid a fall through the $ 0.09814 pivot to stake 38.2% FIB of $ 0.09890 and the first major resistance level at $ 0.09981.

However, broad market support would be needed for Tron’s TRX to return to levels of $ 0.099.

Barring a prolonged crypto rally, the first major resistance level and Monday’s $ 0.09991 high would likely cap the upside.

In the event of a large scale crypto rally, Tron’s TRX could test resistance at levels of $ 0.1050 before any pullbacks. The second major resistance level is located at $ 0.1016.

A fall through the pivot at $ 0.09814 would bring into play the first major support level at $ 0.09637.

Barring an extended sell-off, however, Tron’s TRX should avoid the second major support level at $ 0.09470.

Watch technical indicators

First major support level: $ 0.09637

First major resistance level: $ 0.09981

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 item was originally posted on FX Empire

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