EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 27th, 2021


For the day ahead

Stellar’s Lumen would need to move through the $0.3768 pivot to bring the first major resistance level at $0.3850 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 Tuesday’s high $0.3885 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 $0.3966.

Failure to move through the $0.3768 pivot would bring the first major support level at $0.3652 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the 23.6% FIB of $0.3402. The second major support level at $0.3570 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3652

First Major Resistance Level: $0.3850

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 1.00% on Tuesday. Following a 1.08% gain on Monday, Tron’s TRX ended the day at $0.1013.

A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09995 before making a move.

Steering clear of the 38.2% FIB of $0.09890 and the first major support level at $0.09845, Tron’s TRX rallied to a late morning intraday high $0.1061.

Tron’s TRX broke through the first major resistance level at $0.1020 before sliding to a late intraday low $0.09992.

Continuing to steer clear of the major support levels, Tron’s TRX broke back through to $0.1013 levels to end the day in the green.

At the time of writing, Tron’s TRX was up by 0.59% to $0.1019. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1003 before rising to a high $0.1021.

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



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