DAILY NOTION: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 17, 2020

EOS

EOS rallied by 3.35% on Monday. Reversing a 1.54% loss from Sunday, EOS ended the day at $2.5840.

A mixed start to the day saw EOS fall to an early morning intraday low $2.4829 before making a move.

Steering clear of the first major support level at $2.4551, EOS rose to an early afternoon intraday high $2.6138.

At the time of writing, EOS was up by 1.09% to $2.6121. A mixed start to the day saw EOS fall to an early morning low $2.5782 before rising to a high $2.6325.

EOS would need to avoid a fall through the $2.5602 pivot level to support a run at the first major resistance level at $2.6376.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6325.

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

STELLAR'S LUMEN

Stellar’s Lumen rose by 2.99% on Monday. Reversing a 1.33% fall from Sunday, Stellar’s Lumen ended the day at $0.082556.

It was a mixed start to the day. Stellar’s Lumen fell to an early morning intraday low $0.079331 before making a move.

Steering clear of the first major support level at $0.07860, Stellar’s Lumen rallied to a mid-afternoon intraday high $0.082979.

Stellar’s Lumen would need to avoid a fall through the $0.08162 pivot to support another run at the second major resistance level at $0.08527.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through the first major resistance level.

Barring another broad-based crypto rally, resistance at $0.08450 would likely cap any upside. The second major resistance level sits at $0.08527.

TRON'S TRX

Tron’s TRX rose by 1.38% on Monday. Following on from a 1.18% gain on Sunday, Tron’s TRX ended the day at $0.025589.

It was another relatively choppy day. Tron’s TRX fell to an early morning low $0.024945 before making a move.

Steering clear of the first major support level at $0.02487, Tron’s TRX rose to a late afternoon intraday high $0.025998.

Tron’s TRX would need to avoid a fall through the $0.02551 pivot level to support another run at the first major resistance level at $0.02608.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.025937.

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

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