EOS, Lumen of Stellar and TRX of Tron – Daily Analysis – October 11, 2021

EOS

EOS slipped 8.26% on Sunday. Reversing a 7.54% rally from Saturday, EOS ended the week down 1.22% to $ 4.5836.

A mixed start to the day saw EOS rebound to an intraday high of $ 4.9689 by mid-morning before reversing.

Below the first major resistance level at $ 5.1709, EOS slipped to an intraday low of $ 4.5630.

EOS broke through the first major support level at $ 4.7206 to end the day at levels below $ 4.60.

At the time of this writing, EOS was up 0.32% to $ 4.5984. A mixed start to the day saw EOS drop to an early morning low of $ 4.4826 before climbing to a high of $ 4.6058.

EOS left major support and resistance levels untested early on.

For the day ahead

EOS is expected to break through the pivot at $ 4.7052 to bring into play the first major resistance level at $ 4.8473.

Broad market support would be needed to return to levels of $ 4.80.

Barring a full scale crypto rally, the first major resistance and Sunday’s $ 4.9689 high would likely cap any rise.

In the event of a prolonged rally, EOS could test resistance at $ 5.20 before any pullbacks. The second major resistance level is located at $ 5.1111.

If you fail to break through the pivot at $ 4.7052, the first major support level at $ 4.4414 would come into play.

Unless there is an extended sale, however, EOS should avoid levels below $ 4.00. The second major support level at $ 4.2993 should limit the decline.

Watch technical indicators

First major support level: $ 4.4414

First major resistance level: $ 4.8473

23.6% FIB retracement level: $ 6.52

38% FIB retracement level: $ 9.68

62% FIB retracement level: $ 14.77

Star lumen

Stellar’s Lumen slipped 6.23% on Sunday. Reversing a 5.03% drop from Saturday, Stellar’s Lumen ended the week up 5.13% to $ 0.3312.

A mixed start to the day saw Stellar’s Lumen hit an intraday high of $ 0.3579 by mid-morning before reversing.

Below the first major resistance level at $ 0.3697, Stellar’s Lumen slipped to an intraday low of $ 0.3291.

Stellar Lumen fell through 23.6% FIB of $ 0.3402 and the first major support level at $ 0.3349 to end the day at levels of $ 0.331.

As of this writing, Stellar’s Lumen was up 0.19% to $ 0.3318. A mixed start to the day saw Stellar’s Lumen drop to an early morning low of $ 0.3256 before climbing to a high of $ 0.3324.

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

For the day ahead

Stellar Lumen is expected to break through the $ 0.3394 pivot and 23.6% FIB at $ 0.3402 to bring into play the first major resistance level at $ 0.3497.

However, broad market support would be needed for Stellar’s Lumen to break out of the $ 0.3450 levels.

Barring a prolonged rally, the first major resistance level and Sunday’s high of $ 0.3579 would likely cap the upside.

In the event of a large scale crypto rally, Stellar’s Lumen could test resistance at levels of $ 0.38 before any pullback. The second major resistance level is located at $ 0.3682.

If you fail to break through the $ 0.3394 pivot and the 23.6% FIB of $ 0.3402, the first major support level at $ 0.3209 would come into play.

Unless another extended sale on that day, Stellar’s Lumen is expected to avoid levels below $ 0.30. The second major support level at $ 0.3106 should limit the decline.

Watch technical indicators

First major support level: $ 0.3209

First major resistance level: $ 0.3497

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 4.76% on Sunday. Partially reversing a 7.98% rally from Saturday, Tron’s TRX ended the week up 2.51% to $ 0.09791.

A mixed start to the day saw Tron’s TRX hit an early morning intraday high of $ 0.1034 before reversing.

Below the first major resistance level at $ 0.1067, Tron’s TRX slipped to an intraday low of $ 0.09681.

Tron’s TRX fell through 38.2% FIB of $ 0.09890 and the first major support level at $ 0.09790 before ending the day at levels of $ 0.0979.

At the time of this writing, Tron’s TRX was down 0.26% to $ 0.09765. A mixed start to the day saw Tron’s TRX drop to $ 0.09665 early in the morning before climbing to $ 0.09823.

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

For the day to come

Tron’s TRX is expected to pass through the 38.2% FIB of $ 0.09890 and the pivot of $ 0.09937 to bring into play the first major resistance level at $ 0.1019.

However, broad market support would be needed for Tron’s TRX to return to levels of $ 0.10.

Barring a prolonged crypto rally, the first major resistance level and Sunday’s $ 0.1034 high would likely cap the upside.

In the event of a large scale crypto rally, Tron’s TRX could test resistance at levels of $ 0.11 before any pullbacks. The second major resistance level is located at $ 0.1060.

If you fail to break through the 38.2% FIB of $ 0.09890 and the pivot of $ 0.09937, the first major support level at $ 0.09535 would come into play.

Unless an extended sell-off, however, Tron’s TRX should avoid levels below $ 0.090. The second major support level at $ 0.09278 should limit the decline.

Watch technical indicators

First major support level: $ 0.09535

First major resistance level: $ 0.1019

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 originally appeared on FX Empire

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