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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 4th, 2021

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·5 min read
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EOS

EOS rallied by 7.23% on Sunday. Following a 1.34% gain on Saturday, EOS ended the week up by 16.77% to $4.6388.

A bearish start to the day saw EOS fall to an early morning intraday low $4.2280 before making a move.

Steering clear of the first major support level at $4.1932, EOS rallied to a mid-day intraday high $4.8665.

EOS broke through the first major resistance level at $4.4627 and the second major resistance level at $4.5970.

Coming up against the third major resistance level at $4.8665, however, EOS slipped back to end the day at sub-$4.65 levels.

The second major resistance level at $4.5970 had delivered support late in the day.

At the time of writing, EOS was down by 0.39% to $4.6207. A mixed start to the day saw EOS rise to an early morning high $4.6651 before falling to a low $4.6207.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid the $4.5778 pivot to bring the first major resistance level at $4.9275 into play.

Support from the broader market would be needed to break out from Sunday’s high $4.8665.

Barring a broad-based crypto rally, the first major resistance and resistance at $5.00 would likely cap any upside.

In the event of an extended rally, EOS could test the second major resistance level at $5.2163 before any pullback.

A fall through the $4.5778 pivot would bring the first major support level at $4.2890 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level sits at $3.9393.

Looking at the Technical Indicators

First Major Support Level: $4.2890

First Major resistance Level: $4.9275

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 0.44% on Sunday. Partially reversing a resistance 5.32% gain from Saturday, Stellar’s Lumen ended the week up by 14.05% to $0.3150.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3230 before hitting reverse.

Falling short of the first major resistance level at $0.3313, Stellar’s Lumen fell to a late morning intraday low $0.3117.

Steering clear of the first major support level at $0.2973, Stellar’s Lumen briefly revisited $0.32 levels before falling back into the red.

At the time of writing, Stellar’s Lumen was down by 0.84% to $0.3123. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3155 before falling to a low $0.3122.

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 $0.3166 pivot to bring the first major resistance level at $0.3214 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 $0.3230 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 levels before any pullback. The second major resistance level sits at $0.3279.

Failure to move through the $0.3166 pivot would bring the first major support level at $0.3101 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 $0.3053 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3101

First Major Resistance Level: $0.3214

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 rose by 2.20% on Sunday. Reversing a 1.49% fall from Saturday, Tron’s TRX ended the week up by 8.39% to $0.09550.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.09249 before making a move.

Steering clear of the first major support level at $0.09168, Tron’s TRX rallied to an early afternoon intraday high $0.09716.

Tron’s TRX broke through the first major resistance level at $0.09575 before briefly falling back to sub-$0.094 levels.

Finding late support, however, Tron’s TRX ended the day at $0.0955 levels. The first major resistance level at $0.09575 pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was down by 0.82% to $0.09472. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09554 before falling to a low $0.09429

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.09505 pivot to bring the first major resistance level at $0.09761 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break through Sunday’s high $0.09716.

Barring an extended crypto rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test the second major resistance level at $0.09972 before any pullback. Tron’s TRX would need plenty of support, however, to breakout from the 38.2% FIB of $0.09890.

Failure to move back through the $0.09505 pivot would bring the first major support level at $0.09294 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level at $0.09038 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.09294

First Major Resistance Level: $0.09761

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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