EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 28th, 2020
EOS
EOS rose by 1.51% on Tuesday. Partially reversing a 2.94% slide from Monday, EOS ended the day at $2.6723.
It was another mixed start to the day. EOS fell to a late morning intraday low $2.6213 before making a move.
Steering clear of the first major support level at $2.5622, EOS rose to a late afternoon intraday high $2.7098.
Falling short of the first major resistance level at $2.7281, EOS fell back to wrap up the day at sub-$2.70 levels.
At the time of writing, EOS was up by 0.26% to $2.6791. A mixed start to the day saw EOS rise to an early morning high $2.6805 before falling to a low $2.6543.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.6678 pivot level to support a run at the first major resistance level at $2.7143.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.7098.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $2.6678 would bring the first major support level at $2.6258 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.60 levels and the second major support level sits at $2.5793.
Looking at the Technical Indicators
First Major Support Level: $2.6258
First Major resistance Level: $2.7143
23.6% FIB Retracement Level: $
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Stellar’s Lumen
Stellar’s Lumen rose by 0.83% on Tuesday. Partially reversing a 2.28% slide from Monday, Stellar’s Lumen ended the day at $0.08182.
It was a bullish start to the day. Stellar’s Lumen rose from an early morning intraday low $0.081034 to an early afternoon intraday high $0.083193.
Falling short of the first major resistance level at $0.08395, Stellar’s Lumen fell back to wrap up the day at $0.0818 levels.
At the time of writing, Stellar’s Lumen was up by 0.11% to $0.08191. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.081536 before rising to a high $0.082023.
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 $0.08202 pivot to support a run at the first major resistance level at $0.08300.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.083 levels.
Barring another broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to move back through the $0.08202 pivot level would bring the first major support level at $0.08084 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.07986.
Looking at the Technical Indicators
First Major Support Level: $0.08084
First Major Resistance Level: $0.08300
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX
Tron’s TRX rose by 1.40% on Tuesday. Reversing a 0.72% fall from Monday, Tron’s TRX ended the day at $0.027159.
It was a mixed start to the day. Tron’s TRX fell to a late morning intraday low $0.026518 before making a move.
Steering clear of the first major support level at $0.02617, Tron’s TRX rose to a late afternoon intraday high $0.027511.
Tron’s TRX broke through the first major resistance level at $0.02749 before falling back to sub-$0.027 levels.
Finding late support, however, Tron’s TRX moved back through to $0.027 levels to wrap up the day in the green.
At the time of writing, Tron’s TRX was down by 0.39% to $0.027053. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.026815 before rising to a high $0.027378.
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 $0.02706 pivot level to support another run at the first major resistance level at $0.02761.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.027511.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move back through the $0.02706 pivot level would bring the first major support level at $0.02661 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.026 levels. The second major support level at $0.02607 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $0.02661
First Major Resistance Level: $0.02761
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
