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EOS, Stellars Lumen, and Trons TRX – Daily Analysis – October 11, 2021

EOS

EOS fell 8.26% on Sunday. EOS reversed a 7.54% rally on Saturday and ended the week down 1.22% to $ 4.5836.

A mixed start to the day resulted in EOS rallying to a morning intraday high of $ 4.9689 before reversing.

EOS missed the first major resistance level at $ 5.1709 and slid to a late intraday low of $ 4.5630.

EOS fell through the first major support level at $ 4.7206 and ended the day below $ 4.60.

At the time of writing, EOS was up 0.32% to $ 4.5984. After a mixed start to the day, EOS fell to an early morning low of $ 4.4826 before rising to a high of $ 4.6058.

EOS left key support and resistance levels untested early on.

For the next day

EOS would have to move through the $ 4.7052 pivot to bring into play the first major resistance level at $ 4.8473.

Support from the broader market would be required to get back down to the $ 4.80 level.

Aside from a broad-based crypto rally, Sunday’s first major resistance and high at $ 4.9689 would likely limit any uptrend.

In the event of a longer rally, EOS could test resistance at $ 5.20 before pulling back. The second major resistance level is at $ 5.1111.

If the $ 4.7052 pivot is not broken, the first major support level at $ 4.4414 would come into play.

Aside from a lengthy sell-off, however, EOS should stay away from under $ 4.00. The second major support level at $ 4.2993 should limit the downside.

Look at the 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

Stellar’s lumen

Stellar’s lumen fell 6.23% on Sunday. Stellar’s Lumen reversed a 5.03% decline from Saturday, ending the week 5.13% to $ 0.3312.

After a mixed start to the day, Stellar’s Lumen rose to a mid-morning intraday high of $ 0.3579 before reversing.

Stellar’s Lumen fell below the first major resistance level of $ 0.3697 and slid to a late intraday low of $ 0.3291.

Stellar’s lumen fell through the 23.6% FIB of $ 0.3402 and the first major support level at $ 0.3349, ending the day at $ 0.331.

The story goes on

At the time of writing, Stellar’s Lumen was up 0.19% to $ 0.3318. After a mixed start to the day, Stellar’s Lumen fell to an early morning low of $ 0.3256 before rising to a high of $ 0.3324.

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

For the next day

Stellar’s Lumen would have to move through the $ 0.3394 pivot and the 23.6% FIB of $ 0.3402 to bring the first major resistance level into play at $ 0.3497.

However, for Stellar’s Lumen to break out of $ 0.3450 would require support from the broader market.

Aside from an extended rally, the first major resistance level and Sunday’s high of $ 0.3579 would likely limit the uptrend.

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

If the $ 0.3394 pivot and 23.6% FIB of $ 0.3402 are not broken, the first major support level at $ 0.3209 would come into play.

Aside from another lengthy sell-off that day, Stellar’s Lumen should stay well below $ 0.30. The second major support level at $ 0.3106 should limit the downside.

Look at the 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

Trons TRX

Tron’s TRX fell 4.76% on Sunday. Tron’s TRX partially reversed a 7.98% rally from Saturday, ending the week 2.51% to $ 0.09791.

A mixed start to the day resulted in Tron’s TRX climbing to an early morning intraday high of $ 0.1034 before going into reverse.

Tron’s TRX fell below the first major resistance level of $ 0.1067 and slid to a late intraday low of $ 0.09681.

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

At the time of writing, Tron’s TRX is down 0.26% to $ 0.09765. A mixed start to the day resulted in Tron’s TRX falling to an early morning low of $ 0.09665 before rising to a high of $ 0.09823.

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

For the next day

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

However, support from the broader market would be required for Tron’s TRX to break back to the $ 0.10 level.

Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 0.1034 would likely limit the uptrend.

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

If the 38.2% FIB of $ 0.09890 and the pivot of $ 0.09937 are not broken, the first major support level at $ 0.09535 would come into play.

However, aside from an extended sell-off, Tron’s TRX should stay well below $ 0.090. The second major support level at $ 0.09278 should limit the downside.

Look at the 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 was originally published on FX Empire

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