Tron’s EOS, Stellar’s Lumen and TRX Daily Analysis – October 28, 2021


EOS

EOS fell 12.00% on Wednesday. After losing 2.01% on Tuesday, EOS ended the day at $ 4.1516.

A bullish start to the day saw EOS hit an early morning intraday high of $ 4.7788 before reversing.

Below the first major resistance level at $ 4.8810, EOS fell to an intraday low of $ 3.8730 late in the morning.

The extended sell-off saw EOS fall through major support levels for the day before finding support late in the morning.

EOS briefly broke through the third major support level at $ 4.2160 before ending the day at levels below $ 4.20.

At the time of this writing, EOS was up 1.17% to $ 4.2001. A mixed start to the day saw EOS drop to an early morning low of $ 4.1518 before climbing to a high of $ 4.2399.

EOS left major support and resistance levels untested early on.

For the day ahead

EOS is expected to break through the pivot of $ 4.2678 to bring into play the first major resistance level at $ 4.6626.

Broad market support would be needed to break out of the $ 4.50 levels.

Barring a full-scale crypto rally, the first major resistance and Wednesday’s $ 4.7788 high would likely cap any rise.

In the event of a prolonged rally, EOS could test resistance at $ 5.00 levels before any pullbacks. The second major resistance level is located at $ 5.1736.

Failure to break through the pivot of $ 4.2678 would bring into play the first major support level at $ 3.7568.

Unless another extended sell-off, however, EOS should avoid levels below $ 3.70. The second major support level stands at $ 3.3620.

Watch technical indicators

First major support level: $ 3.7568

First major resistance level: $ 4.6626

23.6% FIB retracement level: $ 6.52

38% FIB retracement level: $ 9.68

62% FIB retracement level: $ 14.77

Star lumen

Stellar’s Lumen slipped 11.52% on Wednesday. After falling 3.81% on Tuesday, the Stellar’s Lumen ended the day at $ 0.3304.

A mixed start to the day saw Stellar’s Lumen hit an early morning intraday high of $ 0.3755 before reversing.

Below the first major resistance level at $ 0.3850, Stellar’s Lumen fell to an intraday low of $ 0.3125 late in the morning.

The sell off saw Stellar’s Lumen drop through the day’s major support levels and FIB 23.6% to $ 0.3402.

Moving away from levels below $ 0.30, Stellar’s Lumen briefly broke through the third major support level at $ 0.3372 before ending the day at levels below $ 0.3310.

At the time of this writing, the Stellar’s Lumen was down 0.03% to $ 0.3303. A mixed start to the day saw Stellar’s Lumen drop to an early morning low of $ 0.3297 before hitting a high of $ 0.3323.

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

For the day ahead

Stellar Lumen is expected to break through the $ 0.3395 pivot and 23.6% FIB of $ 0.3402 to bring into play the first major resistance level at $ 0.3664.

However, broad market support would be needed for Stellar’s Lumen to return to levels of $ 0.36.

Barring a prolonged rally, the first major resistance level and Wednesday’s high of $ 0.3755 would likely cap the upside.

In the event of a large scale crypto rally, Stellar’s Lumen could test resistance at levels of $ 0.40 before any pullbacks. The second major resistance level is located at $ 0.4025.

If you fail to break through the pivot at $ 0.3395, the first major support level at $ 0.3034 would come into play.

Unless there is another extended sale that day, Stellar’s Lumen is expected to avoid levels below $ 0.30. The second major support level is at $ 0.2765.

Watch technical indicators

First major support level: $ 0.3034

First major resistance level: $ 0.3664

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 slipped 10.62% on Wednesday. Reversing a 1.00% gain from Tuesday, Tron’s TRX ended the day at $ 0.09063.

A mixed start to the day saw Tron’s TRX hit an early morning intraday high of $ 0.1032 before reversing.

Below the first major resistance level at $ 0.1050, Tron’s TRX slumped to an intraday low of $ 0.08835 late in the morning.

Tron’s TRX fell through 38.2% FIB of $ 0.09890 and major support levels for the day.

Finding support late in the morning, Tron’s TRX broke through the third major support level at $ 0.09008 to end the day at levels of $ 0.0906.

At the time of this writing, Tron’s TRX was up 1.06% to $ 0.09160. A mixed start to the day saw Tron’s TRX drop to $ 0.09064 early in the morning before climbing to $ 0.09245.

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

For the day to come

Tron’s TRX is expected to go through the pivot at $ 0.09406 and the 38.2% FIB at $ 0.09890 to bring into play the first major resistance level at $ 0.09977.

However, broad market support would be needed for Tron’s TRX to return to levels of $ 0.099.

Barring a prolonged crypto rally, the first major resistance level and Wednesday’s $ 0.1032 high would likely cap the upside.

In the event of a large scale crypto rally, Tron’s TRX could test resistance at levels of $ 0.11 before any pullbacks. The second major resistance level is located at $ 0.1089.

If you fail to break through the pivot at $ 0.09406, the first major support level at $ 0.08492 would come into play.

Unless another extended sell-off, however, Tron’s TRX should avoid the second major support level at $ 0.07921.

Watch technical indicators

First major support level: $ 0.08492

First major resistance level: $ 0.09977

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

This article originally appeared on FX Empire

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