EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 1st, 2021

EOS

EOS rose by 0.31% on Wednesday. Following a 7.20% rally on Tuesday, EOS ended the day at $4.1384.

A mixed start to the day saw EOS rise to an early morning intraday high $4.3027 before hitting reverse.

Falling short of first major resistance level at $4.3348, EOS fell to a late afternoon intraday low $3.8835.

EOS fell through the first major support level at $3.8797 before moving back through to $4.10 levels.

At the time of writing, EOS was down by 1.06% to $4.0945. A mixed start to the day saw EOS rise to an early morning high $4.1443 before falling to a low $4.0617.

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

For the day ahead

EOS would need to move back through the $4.1082 pivot to bring the first major resistance level at $4.3329 into play.

Support from the broader market would be needed for EOS to breakout from Wednesday’s high $4.3027.

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

In the event of an extended rally, EOS could test resistance at $4.50. The second major resistance level sits at $4.5274.

Failure to move back through the $4.1082 pivot and would bring the first major support level at $3.9137 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.6890.

Looking at the Technical Indicators

First Major Support Level: $3.9137

First Major resistance Level: $4.3329

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 0.46% on Wednesday. Following a 7.40% rally on Tuesday, Stellar’s Lumen ended the day at $0.2844.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.2861 before hitting reverse.

Falling short of the first major resistance level at $0.2971, Stellar’s Lumen slid to a late afternoon intraday low $0.2662.

Steering clear of the first major support level at $0.2657, Stellar’s Lumen moved back through to $0.2840 levels and into the green.

At the time of writing, Stellar’s Lumen was down by 1.63% to $0.2798. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2846 before falling to a low $0.2771.

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

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.2789 pivot to bring the first major resistance level at $0.2916 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.2861.

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

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2988.

A fall back through the $0.2789 pivot would bring the first major support level at $0.2717 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2590.

Looking at the Technical Indicators

First Major Support Level: $0.2717

First Major Resistance Level: $0.2916

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 0.16% on Wednesday. Following Tuesday’s 3.57% gain, Tron’s TRX ended the day at $0.06681.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.06886 before hitting reverse.

Falling short of the first major resistance level at $0.07036, Tron’s TRX slid to a late afternoon intraday low $0.06360.

Tron’s TRX fell through the first major support level at $0.06520 before finding support to reverse the losses from the day.

At the time of writing, Tron’s TRX was down by 1.12% to $0.06722. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06842 before falling to a low $0.06701.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.06681 pivot to bring the first major resistance level at $0.07003 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.070 levels.

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

In the event of an extended rally, Tron’s TRX could test resistance at $0.075 before any pullback. The second major resistance level sits at $0.07207.

A fall through the $0.06681 pivot would bring the first major support level at $0.06477 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.063 levels. The second major support level sits at $0.06155.

Looking at the Technical Indicators

First Major Support Level: $0.06477

First Major Resistance Level: $0.07003

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