EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 7th, 2021

EOS

EOS rose by 1.76% on Tuesday. Partially reversing a 6.26% slide from Monday, EOS ended the day at $3.8783.

A mixed start to the day saw EOS rise a late morning intraday high $4.0088 before hitting reverse.

EOS broke through the first major resistance level at $3.9972 before sliding to a late intraday low $3.7840.

Steering clear of the first major support level at $3.6938, however, EOS broke back through to $3.80 levels and into the green.

At the time of writing, EOS was down by 0.65% to 3.8533. A mixed start to the day saw EOS rise to an early morning high $3.8950 before falling to a low $3.8352.

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

For the day ahead

EOS would need to move back through the $3.8904 pivot to bring the first major resistance level at $3.9967 into play.

Support from the broader market would be needed for EOS to break back through to $3.90 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $4.0088 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.15. The second major resistance level sits at $4.1152.

Failure to move back through the $3.8904 pivot and would bring the first major support level at $3.7719 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.6656.

Looking at the Technical Indicators

First Major Support Level: $3.7719

First Major resistance Level: $3.9967

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 2.76% on Tuesday. Partially reversing a 5.38% slide from Monday, Stellar’s Lumen ended the day at $0.2605.

A bearish start saw Stellar’s Lumen fall to an early morning intraday low $0.2529 before making a move.

Steering clear of the first major support level at $0.2470, Stellar’s Lumen rallied to a late morning intraday high $0.2680.

Stellar’s Lumen broke through the first major resistance level at $0.2640 before sliding back to sub-$0.2540 levels.

Finding late support, however, Stellar’s Lumen moved back through to $0.26 levels to deliver the upside on the day.

At the time of writing, Stellar’s Lumen was down by 1.10% to $0.2577. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2605 before falling to a low $0.2556.

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

For the day ahead

Stellar’s Lumen would need to move back through the $0.2605 pivot to bring the first major resistance level at $0.2680 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 Tuesday’s high $0.2680 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 $0.2756.

Failure to move back through the $0.2605 pivot would bring the first major support level at $0.2529 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 $0.2454 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2529

First Major Resistance Level: $0.2680

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 by 1.06% on Tuesday. Partially reversing a 4.52% slide from Monday, Tron’s TRX ended the day at $0.06504.

A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.06669 before hitting reverse.

Falling short of the first major resistance level at $0.06697, Tron’s TRX slid to a late intraday low $0.06368.

Steering clear of the first major support level at $0.06254, Tron’s TRX moved back through to $0.065 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was down by 0.29% to $0.06485. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06536 before falling to a low $0.06420.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.06514 pivot to bring the first major resistance level at $0.06659 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 Tuesday’s high $0.06669 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 $0.06815.

Failure to move back through the $0.06514 pivot would bring the first major support level at $0.06358 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06213.

Looking at the Technical Indicators

First Major Support Level: $0.06358

First Major Resistance Level: $0.06659

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