EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 14th, 2021

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.3582 pivot to bring the first major resistance level at $0.3862 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.3763.

Barring an extended rally, the first major resistance level 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 $0.4043.

A fall through the $0.3582 pivot would bring the 23.6% FIB of $0.3402 and the first major support level at $0.3401 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.32 levels. The second major support level sits at $0.3121.

Looking at the Technical Indicators

First Major Support Level: $0.3401

First Major Resistance Level: $0.3862

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 rose by 2.44% on Wednesday. Reversing a 1.42% fall from Tuesday, Tron’s TRX ended the day at $0.09811.

A mixed start to the day saw Tron’s TRX fall to a late morning intraday low $0.09292 before making a move.

Steering clear of the first major support level at $0.09232, Tron’s TRX rallied to a late intraday high $0.09825.

Coming up against the first major resistance level at $0.09819, Tron’s TRX eased back to end the day at $0.0981 levels.

At the time of writing, Tron’s TRX was down by 0.56% to $0.09757. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09836 before falling to a low $0.09701

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

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