EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 13th, 2021


For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.3325 pivot to bring the first major resistance level at $0.3449 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the 23.6% FIB of $0.3402.

Barring an extended rally, the first major resistance level and Tuesday’s high $0.3448 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.36 levels before any pullback. The second major resistance level sits at $0.3573.

A fall back through the $0.3325 pivot would bring the first major support level at $0.3201 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 $0.3077 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3201

First Major Resistance Level: $0.3449

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 1.42% on Tuesday. Following a 0.77% loss on Monday, Tron’s TRX ended the day at $0.09577.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.09716 before hitting reverse.

Falling short of the 38.2% FIB of $0.09890 and the first major resistance level at $0.1007, Tron’s TRX slid to a late morning intraday low $0.09129.

Tron’s TRX fell through the first major support level at $0.09415 before a partial recovery to end the day at $0.095 levels.

At the time of writing, Tron’s TRX was up by 0.34% to $0.09610. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09488 before rising to a high $0.09610.

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



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