EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 21st, 2021
EOS
EOS tumbled by 14.58% on Monday. Following a 10.23% slump on Sunday, EOS ended the day at $4.1976.
A mixed start to the day saw EOS rise to an early morning intraday high $4.9318 before hitting reverse.
Falling short of the first major resistance level at $5.326, EOS slid to a mid-day intraday low $4.0828.
The reversal saw EOS fall through the first major support level at $4.6805 and the second major support level at $4.4471 to end the day at sub-$4.20 levels.
At the time of writing, EOS was down by 4.99% to $3.9881. A mixed start to the day saw EOS rise to an early morning high $4.2037 before falling to a low $3.8415.
EOS tested the first major support level at $3.8763 early on.
For the day ahead
EOS would need to move through the $4.4041 pivot to bring the first major resistance level at $4.7253 into play.
Support from the broader market would be needed to break out from $4.50 levels.
Barring a broad-based crypto rally, the first major resistance and Monday’s high $4.9318 would likely cap any upside.
In the event of an extended rally, EOS could test the second major resistance level at $5.2531 before any pullback.
Failure to move through the $4.4041 pivot would bring the first major support level at $3.8763 back into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level at $3.5551 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3.8763
First Major resistance Level: $4.7253
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 9.98% on Monday. Following a 2.73% fall on Sunday, Stellar’s Lumen ended the day at $0.2822.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3147 before hitting reverse.
Falling short of the first major resistance level at $0.3162, Stellar’s Lumen fell to a mid-day intraday low $0.2708.
Stellar’s Lumen fell through the day’s major support levels.
Finding late support, Stellar’s Lumen ended the day at $0.28 levels.
Late in the day, the third major support level at $0.2874 pegged Stellar’s Lumen back, however.
At the time of writing, Stellar’s Lumen was down by 3.55% to $0.2722. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2824 before falling to a low $0.2700.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.2892 pivot to bring the first major resistance level at $0.3077 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.30 levels.
Barring an extended rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.32 levels. The second major resistance level sits at $0.3331.
Failure to move through the $0.2892 pivot would bring the first major support level at $0.2638 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level sits at $0.2453.
Looking at the Technical Indicators
First Major Support Level: $0.2638
First Major Resistance Level: $0.3077
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX tumbled by 11.50% on Monday. Following a 2.17% loss on Sunday, Tron’s TRX ended the day at $0.09160.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1041 before hitting reverse.
Falling short of the first major resistance level at $0.1066, Tron’s TRX fell to a mid-day intraday low $0.08929.
The sell-off saw Tron’s TRX fall through the day’s major support levels.
More significantly, Tron’s TRX also fell through the 38.2% FIB of $0.09890 to end the day at $0.091 levels.
At the time of writing, Tron’s TRX was down by 4.13% to $0.08782. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09160 before falling to a low $0.08648.
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 $0.09500 pivot to bring the 38.2% FIB of $0.09890 and the first major resistance level at $0.1007 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.10 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.1041 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 $0.1098.
Failure to move through $0.09500 pivot would bring the first major support level at $0.08589 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the 23.6% FIB of $0.07870. The second major support level at $0.08019 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.08589
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 posted on FX Empire
