EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 6th, 2021

EOS

EOS slid by 6.26% on Monday. Reversing a 0.44% gain from Sunday, EOS ended the day at $3.8112.

A bearish morning saw EOS fall from an early morning intraday high $4.0658 to a late morning intraday low $3.7624.

EOS fell through the first major support level at $3.9476 and the second major support level at $3.8294.

Finding late support, EOS briefly broke back through the second major support level before ending the day at $3.81 levels.

At the time of writing, EOS was up by 2.04% to $3.8889. A mixed start to the day saw EOS fall to an early morning low $3.8004 before rising to a high $3.9033.

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

For the day ahead

EOS would need to avoid a fall back through the $3.8798 pivot to bring the first major resistance level at $3.9972 back into play.

Support from the broader market would be needed for EOS to breakout this morning’s high $3.9033.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $4.0658 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.20. The second major resistance level sits at $4.1832.

A fall back through the $3.8798 pivot and would bring the first major support level at $3.6938 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.65 levels. The second major support level sits at $3.5764.

Looking at the Technical Indicators

First Major Support Level: $3.6938

First Major resistance Level: $3.9972

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 fell by 5.38% on Monday. Reversing a 1.59% gain from Sunday, Stellar’s Lumen ended the day at $0.2535.

Bearish from the start, Stellar’s Lumen fell from an early morning intraday high $0.2679 to a late morning intraday low $0.2509.

Stellar’s Lumen fell through the first major support level at $0.2604.

Finding late support, Stellar’s Lumen briefly revisited $0.26 levels before easing back. The first major support level pinned Stellar’s Lumen back late in the day.

At the time of writing, Stellar’s Lumen was up by 1.86% to $0.2582. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2529 before rising to a high $0.2590.

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 $0.2574 pivot to bring the first major resistance level at $0.2640 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.26 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.2679 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.2744.

A fall back through the $0.2574 pivot would bring the first major support level at $0.2470 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.24 levels. The second major support level at $0.2404 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2470

First Major Resistance Level: $0.2640

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 fell by 4.52% on Monday. Reversing a 0.70% gain from Sunday, Tron’s TRX ended the day at $0.06436.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.06775 before hitting reverse.

Falling short of the first major resistance level at $0.06893, Tron’s TRX slid to a late afternoon intraday low $0.06332.

Tron’s TRX fell through the first major support level at $0.06548 and the second major support level at $0.06354.

Steering clear of sub-$0.063 levels, Tron’s TRX broke back through the major support levels before a pullback to sub-$0.065 levels.

The late pullback saw Tron’s TRX fall back through the first major support level to end the day at $0.0643 levels.

At the time of writing, Tron’s TRX was up by 1.29% to $0.06519. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06429 before rising to a high $0.06560.

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 back through the $0.06514 pivot to bring the first major resistance level at $0.06697 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.066 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.06775 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.070. The second major resistance level sits at $0.06957.

A fall back through the $0.06514 pivot would bring the first major support level at $0.06254 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06071.

Looking at the Technical Indicators

First Major Support Level: $0.06254

First Major Resistance Level: $0.06697

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