EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 1st, 2021


For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.3734 pivot to bring the first major resistance level at $0.3898 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.38 levels.

Barring an extended rally, the first major resistance level and Sunday’s high $0.3900 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 levels before any pullback. The second major resistance level sits at $0.4063.

A fall back through the $0.3734 pivot would bring the first major support level at $0.3569 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level sits at $0.3405 and the 23.6% FIB of $0.3402.

Looking at the Technical Indicators

First Major Support Level: $0.3569

First Major Resistance Level: $0.3898

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 by 0.30% on Sunday. Partially reversing a 1.86% gain from Saturday, Tron’s TRX ended the week up by 2.03% to $0.1012.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1029 before hitting reverse.

Falling short of the first major resistance level at $0.1053, Tron’s TRX fell to an early afternoon intraday low $0.09728.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09754.

Finding mid-afternoon support, Tron’s TRX revisited $0.1021 levels before easing back.

At the time of writing, Tron’s TRX was up by 0.41% to $0.1017. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1006 before rising to a high $0.1023.

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



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