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


EOS

EOS rose by 4.50% on Sunday. Following a 2.38% gain on Saturday, EOS ended the week down by 22.51% to $4.8801.

A mixed start to the day saw EOS fall to an early morning intraday low $4.5808 before making a move.

Steering clear of the first major support level at $4.5517, EOS rallied to a mid-day intraday high $4.9468.

EOS broke through the first major resistance level at $4.7875 and the second major resistance level at $4.9050.

Falling short of $5.00 levels, however, EOS fall back through the resistance levels to $4.70 levels before a late move back through to $4.80 levels.

At the time of writing, EOS was down by 0.75% to $4.8434. A mixed start to the day saw EOS rise to an early morning high $4.9191 before falling to a low $4.8285.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid the $4.8026 pivot to bring the first major resistance level at $5.0243 into play.

Support from the broader market would be needed to break back through to $5.00 levels.

Barring a broad-based crypto rally, the first major resistance would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $5.20 before any pullback. The second major resistance level sits at $5.1686.

A fall through the $4.8026 pivot would bring the first major support level at $4.6583 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level sits at $4.4366.

Looking at the Technical Indicators

First Major Support Level: $4.6583

First Major resistance Level: $5.0243

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Stellar’s Lumen

Stellar’s Lumen rose by 2.18% on Sunday. Following a 2.62% gain on Saturday, Stellar’s Lumen ended the week down by 16.48% to $0.3324.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3171 before making a move.

Steering clear of the first major support level at $0.3160, Stellar’s Lumen rallied to a late intraday high $0.3384.

Stellar’s Lumen broke through the first major resistance level at $0.3337 before briefly falling back to sub-$0.33 levels.

At the time of writing, Stellar’s Lumen was up by 0.29% to $0.3334. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3364 before falling to a low $0.3318.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid the $0.3293 pivot to bring the 23.6% FIB of $0.3402 and the first major resistance level at $0.3415 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.34 levels.

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 the second major resistance level at $0.3506 before any pullback.

A fall through the $0.3293 pivot would bring the first major support level at $0.3202 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 $0.3080 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3202

First Major Resistance Level: $0.3415

23.6% FIB Retracement Level: $0.

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX surged by 17.84% on Sunday. Following a 4.68% rally on Saturday, Tron’s TRX ended the week up by 6.85% to $0.1123.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09363 before making a move.

Steering clear of the first major support level at $0.09137, Tron’s TRX rallied to a late intraday high $0.1186.

Tron’s TRX broke through the 38.2% FIB of $0.09890 and the day’s major resistance levels to end the day at $0.11 levels.

At the time of writing, Tron’s TRX was up by 1.17% to $0.1137. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1123 before rising to a high $0.1174.

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

For the Day Ahead

Tron’s TRX would need to avoid the $0.1082 pivot to bring the first major resistance level at $0.1227 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.1186.

Barring an extended crypto rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at the 62% FIB of $0.1316 before any pullback. The second major resistance level sits at $0.1332.

A fall through the $0.1082 pivot would bring the 38.2% FIB of $0.09890 and the first major support level at $0.09775 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.090 levels. The second major support level sits at $0.08321.

Looking at the Technical Indicators

First Major Support Level: $0.09775

First Major Resistance Level: $0.1227

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob



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