EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 14th, 2021
EOS
EOS fell by 2.80% on Monday. Partially reversing a 4.50% rally from Sunday, EOS ended the day at $4.7435.
Recovering from an early pullback, EOS rallied to an early afternoon intraday high $4.9506 before hitting reverse.
Falling short of the first major resistance level at $5.0243, however, EOS slid to a mid-afternoon intraday low $4.4948.
EOS fell through the first major support level at $4.6583 before a partial recovery to end the day at $4.74 levels.
At the time of writing, EOS was up by 0.56% to $4.7700. A mixed start to the day saw EOS fall to an early low $4.7064 before rising to a high $4.8168.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall back through the $4.7296 pivot to bring the first major resistance level at $4.9645 into play.
Support from the broader market would be needed to break back through to $4.90 levels.
Barring a broad-based crypto rally, the first major resistance would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $5.1854.
A fall back through the $4.7296 pivot would bring the first major support level at $4.5087 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.40 levels. The second major support level sits at $4.2738.
Looking at the Technical Indicators
First Major Support Level: $4.5087
First Major resistance Level: $4.9645
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 slid by 4.15% on Monday. Reversing a 2.18% gain from Sunday, Stellar’s Lumen ended the day at $3186.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3364 before hitting reverse.
Falling short of the 23.6% FIB of $0.3402 and the first major resistance level at $0.3415, Stellar’s Lumen slid to an early afternoon intraday low $0.3103.
Stellar’s Lumen fell through the first major support level at $0.3202 before a partial recovery to end the day at $0.318 levels.
At the time of writing, Stellar’s Lumen was up by 0.01% to $0.3187. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3231 before falling to a low $0.3162.
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 $0.3218 pivot to bring the first major resistance level at $0.3332 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.33 levels.
Barring an extended rally, the first major resistance level and Monday’s high $0.3364 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at the 23.6% FIB of $0.3402. The second major resistance level sits at $0.3479.
Failure to move back through the $0.3218 pivot would bring the first major support level at $0.3071 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2957.
Looking at the Technical Indicators
First Major Support Level: $0.3071
First Major Resistance Level: $0.3332
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX slid by 6.68% on Monday. Partially reversing a 17.84% breakout from Sunday, Tron’s TRX ended the day at $0.1048.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1174 before hitting reverse.
Falling short of the first major resistance level at $0.1227, Tron’s TRX slid to an early afternoon intraday low $0.09869.
While steering clear of the first major support level at $0.09775, Tron’s TRX briefly fell through the 38.2% FIB of $0.09890.
Finding late support, however, Tron’s TRX broke back through the 38.2% FIB to end the day at $0.10 levels.
At the time of writing, Tron’s TRX was up by 0.47% to $0.1053. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1062 before falling to a low $0.1040.
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 $0.1070 pivot to bring the first major resistance level at $0.1152 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.11 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.1174 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at the 62% FIB of $0.1316 before any pullback. The second major resistance level sits at $0.1257.
Failure to move through the $0.1070 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09653 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level sits at $0.08825.
Looking at the Technical Indicators
First Major Support Level: $0.09653
First Major Resistance Level: $0.1152
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 posted on FX Empire
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