EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 20th, 2021
EOS
EOS slid by 10.23% on Sunday. Reversing a 4.27% gain from Saturday, EOS ended the week up by 0.69% to $4.9139.
A mixed start to the day saw EOS rise to an early morning intraday high $5.5047 before hitting reverse.
Falling short of the first major resistance level at $5.6206, EOS slid to a late intraday low $4.8592.
The reversal saw EOS fall through the first major support level at $5.2126 and the second major support level at $4.9513 to end the day at sub-$4.95 levels.
At the time of writing, EOS was down by 2.64% to $4.7843. A bearish start to the day saw EOS fall from an early morning high $4.9318 to a low $4.7293.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $5.0926 pivot to bring the first major resistance level at $5.3260 into play.
Support from the broader market would be needed to break out from $5.20 levels.
Barring a broad-based crypto rally, the first major resistance and Sunday’s high $5.5047 would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $5.7381 before any pullback.
Failure to move through the $5.0926 pivot would bring the first major support level at $4.6805 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $4.4471 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.6805
First Major resistance Level: $5.3260
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 2.73% on Sunday. Reversing a 0.81% gain from Saturday, Stellar’s Lumen ended the week down by 5.72% to $0.3134.
A mixed start to the day saw Stellar’s Lumen rise to a late morning intraday high $0.3248 before hitting reverse.
Falling short of the first major resistance level at $0.3284, Stellar’s Lumen fell to a late intraday low $0.3104.
Stellar’s Lumen fell through the first major support level at $0.3156 to end the day at $0.313 levels.
At the time of writing, Stellar’s Lumen was down by 1.70% to $0.3081. A bearish start to the day saw Stellar’s Lumen was fall from an early morning high $0.3147 to a low $0.3000.
Stellar’s Lumen fell through the first major support level at $0.3076 and the second major support level at $0.3018 early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.3162 pivot to bring the first major resistance level at $0.3220 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.32 levels.
Barring an extended rally, the first major resistance level and Sunday’s high $0.3248 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 levels. The second major resistance level sits at $0.3306.
Failure to move through the $0.3162 pivot would bring the first major support level at $0.3076 back 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 at $0.3018 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3076
First Major Resistance Level: $0.3220
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX fell by 2.17% on Sunday. Reversing a 0.28% gain from Saturday, Tron’s TRX ended the week down by 7.89% to $0.1035.
A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.1075 before hitting reverse.
Falling short of the first major resistance level at $0.1090, Tron’s TRX fell to a late intraday low $0.1022.
Finding support at the first major support level at $0.1029, however, Tron’s TRX ended the day at $0.103 levels.
At the time of writing, Tron’s TRX was down by 2.72% to $0.1007. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.1041 before falling to a low 0.9973.
Tron’s TRX fell through the first major support level at $0.1013 early on.
For the Day Ahead
Tron’s TRX would need to move through the $0.1044 pivot to bring the first major resistance level at $0.1066 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through the first major support level to $0.1050 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.1075 would likely cap the upside.
In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.11 levels before any pullback. The second major resistance level sits at $0.1097.
Failure to move back through the first major support level would bring the second major support level at $0.09910 and the 38.2% FIB of $0.9890 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.0950 levels. The third major support level sits at $0.09380.
Looking at the Technical Indicators
First Major Support Level: $0.1013
First Major Resistance Level: $0.1066
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
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Thanks, Bob
This article was originally posted on FX Empire