EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 2nd, 2021


For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.3666 pivot to bring the first major resistance level at $0.3756 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.37 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.3759 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 $0.3848.

A fall back through the $0.3666 pivot would bring the first major support level at $0.3574 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3484 and the 23.6% FIB of $0.3402.

Looking at the Technical Indicators

First Major Support Level: $0.3574

First Major Resistance Level: $0.3756

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 1.24% on Monday. Following a 0.30% loss on Sunday, Tron’s TRX ended the day at $0.09995.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09762 before making a move.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09802.

Steering clear of sub-$0.097 levels, however, Tron’s TRX rose to a late morning intraday high $0.1020.

Falling short of the first major resistance level at $0.1036, however, Tron’s TRX fell back to end the day at sub-$0.10 levels.

At the time of writing, Tron’s TRX was up by 0.70% to $0.1007. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1023 before falling to a low $0.09889.

While leaving the major support and resistance levels untested, Tron’s TRX tested support at the 38.2% FIB of $0.09890 early on.



News Source

جواب چھوڑ دیں

براہ مہربانی اپنی رائے درج کریں!
اپنا نام یہاں درج کریں