EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 16th, 2021
EOS
EOS rallied by 4.95% on Wednesday. Following a 2.52% gain on Tuesday, EOS ended the day at $5.1039.
A mixed start to the day saw EOS fall to a mid-morning intraday low $4.7742 before making a move.
Steering clear of the first major support level at $4.7520, EOS rose to a late intraday high $5.1549.
EOS broke through the first major resistance level at $4.9287 and the second major resistance level at $4.9943 to end the day at $5.10 levels.
At the time of writing, EOS was down by 0.25% to $5.0911. A mixed start to the day saw EOS rise to an early morning high $5.1578 before falling to a low $5.0830.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $5.0110 pivot to bring the first major resistance level at $5.2478 into play.
Support from the broader market would be needed to break out from this morning’s high $5.1578.
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 $5.50 before any pullback. The second major resistance level sits at $5.3917.
A fall through the $5.0110 pivot would bring the first major support level at $4.8671 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.6303 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.8671
First Major resistance Level: $5.2478
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 2.96% on Wednesday. Following a 3.98% gain on Tuesday, Stellar’s Lumen ended the day at $0.3411.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3268 before making a move.
Steering clear of the first major support level at $0.3213, Stellar’s Lumen rallied to a late intraday high $0.3418.
Stellar’s Lumen broke through the first major resistance level at $0.3365 to test resistance at the 23.6% FIB of $0.3402.
Coming up against the second major resistance level at $0.3415, Stellar’s Lumen eased back to end the day at $0.341 levels.
At the time of writing, Stellar’s Lumen was down by 0.43% to $0.3397. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3423 before falling to a low $0.3394.
While leaving the major support and resistance levels untested early on, Stellar’s Lumen fell through the 23.6% FIB of $0.3402.
For the day ahead
Stellar’s Lumen would need to avoid the $0.3366 pivot to bring the 23.6% FIB of $0.3402 and the first major resistance level at $0.3463 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.3450 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 resistance at $0.36 levels. The second major resistance level sits at $0.3515.
A fall through the $0.3366 pivot would bring the first major support level at $0.3314 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 at $0.3217 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.3314
First Major Resistance Level: $0.3463
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX rose by 1.78% on Wednesday. Following a 12.88% surge on Tuesday, Tron’s TRX ended the day at $0.1204.
A mixed start to the day saw Tron’s TRX fall to a mid-morning intraday low $0.1132 before making a move.
Steering clear of the first major support level at $0.1080, Tron’s TRX rallied to a late afternoon intraday high $0.1233.
Coming within range of the first major resistance level at $0.1246, Tron’s TRX fell back to sub-$0.12 levels before finding late support.
At the time of writing, Tron’s TRX was down by 0.27% to $0.1201. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1226 before falling to a low $0.1190.
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 $0.1190 pivot to bring the first major resistance level at $0.1247 into play.
Support from the broader market would be needed, however, for Tron’s TRX to break back out from Wednesday’s high $0.1233.
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 $0.1291.
A fall through the $0.1190 pivot would bring the first major support level at $0.1146 into play.
Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.10 levels and the 38.2% FIB of $0.09890. The second major support level at $0.1089 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.1146
First Major Resistance Level: $0.1247
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 was originally posted on FX Empire
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