EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 8th, 2021

EOS

EOS fell by 0.28% on Wednesday. Following a 1.76% gain on Tuesday, EOS ended the day at $3.8676.

A mixed start to the day saw EOS fall an early morning low $3.8352 before making a move.

Steering clear of the first major support level at $3.7719, EOS rose to a late morning intraday high $3.9855.

Falling short of the first major resistance level at $3.9967, EOS slid to a late intraday low $3.8149.

Continuing to steer clear of the major support levels, EOS ended the day at $3.86 levels.

At the time of writing, EOS was down by 1.87% to $3.7539. A bearish start to the day saw EOS fall from an early morning high $3.8489 to a low $3.6796.

EOS fell through the first major support level at $3.7932 and the second major support level at $3.7187 early on.

For the day ahead

EOS would need to move back through the first major support level at $3.7932 and the $3.8893 pivot to bring the first major resistance level at $3.9638 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 Wednesday’s high $3.9855 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.10. The second major resistance level sits at $4.0599.

Failure to move back through the first major support level at $3.7932 would bring the second major support level at $3.7187 back into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The third major support level sits at $3.5481.

Looking at the Technical Indicators

First Major Support Level: $3.7932

First Major resistance Level: $3.9638

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 1.50% on Wednesdy. Partially reversing a 2.76% gain from Tuesday, Stellar’s Lumen ended the day at $0.2565.

A bearish start saw Stellar’s Lumen fall to an early morning intraday low $0.2556 before making a move.

Steering clear of the first major support level at $0.2529, Stellar’s Lumen rallied to a late morning intraday high $0.2659.

Falling short of the first major resistance level at $0.2680, however, Stellar’s Lumen fell back to sub-$0.26 levels and into the red.

At the time of writing, Stellar’s Lumen was down by 1.64% to $0.2523. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2577 before sliding to a low $0.2493.

Stellar’s Lumen fell through the first major support level at $0.2528 early on.

For the day ahead

Stellar’s Lumen would need to move back through the first major support level and the $0.2593 pivot to bring the first major resistance level at $0.2631 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 Wednesday’s high $0.2659 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.27 before any pullback. The second major resistance level sits at $0.2696.

Failure to move back through the first major support level at $0.2528 would bring the second major support level at $0.2490 back into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.24 levels. The third major support level sits at $0.2387.

Looking at the Technical Indicators

First Major Support Level: $0.2528

First Major Resistance Level: $0.2631

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 1.54% on Wednesday. Reversing a 1.06% gain from Tuesday, Tron’s TRX ended the day at $0.06404.

A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06420 before making a move.

Steering clear of the first major support level at $0.06358, Tron’s TRX rose to a late morning intraday high $0.06631.

Falling short of the first major resistance level at $0.06669, Tron’s TRX fell slid to a late intraday low $0.06393.

Continuing to steer clear of the major support levels, Tron’s TRX found support to end the day at $0.064 levels.

At the time of writing, Tron’s TRX was down by 0.91% to $0.06345. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06483 before falling to a low $0.06260.

Tron’s TRX fell through the first major support level at $0.06321 early on.

For the Day Ahead

Tron’s TRX would need to move through the $0.06476 pivot to bring the first major resistance level at $0.06559 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.065 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 $0.066. The second major resistance level sits at $0.06714.

Failure to move through the $0.06476 pivot would bring the first major support level at $0.06321 back into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06238.

Looking at the Technical Indicators

First Major Support Level: $0.06321

First Major Resistance Level: $0.06559

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