EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 14th, 2021

EOS

EOS rose by 5.35% on Sunday. Reversing a 1.69% loss from Saturday, EOS ended the week down by 12.96% to $5.0891.

A mixed start to the day saw EOS fall to an early morning intraday low $4.6628 before making a move.

Finding support at the first major support level at $4.6369, EOS rallied to a late intraday high $5.1120.

EOS broke through the first major resistance level at $4.9708 to end the day at $5.08 levels. The second major resistance level at $5.1110 pinned EOS back late in the day.

At the time of writing, EOS was down by 0.24% to $5.0432. A mixed start to the day saw EOS rise to an early morning high $5.1585 before falling to a low $4.9973.

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

For the day ahead

EOS would need to avoid the $4.9546 pivot to bring the first major resistance level at $5.2465 into play.

Support from the broader market would be needed for EOS to break out from the morning high $5.1585.

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 $5.50 before any pullback. The second major resistance level sits at $5.4038.

A fall through the $4.9546 pivot and would bring the first major support level at $4.7973 into play.

Barring an extended sell-off, however, EOS should steer clear of the second major support level at $4.5054.

Looking at the Technical Indicators

First Major Support Level: $4.7973

First Major resistance Level: $5.2465

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 5.18% on Sunday. Following a 3.11% gain on Saturday, Stellar’s Lumen ended the week down by 9.32% to $0.3449.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3108 before making a move.

While steering clear of the first major support level at $0.3041, Stellar’s Lumen fell through the 62% FIB of $0.3216.

Finding early afternoon support, however, Stellar’s Lumen rallied to a late intraday high $0.3487.

Stellar’s Lumen broke through the first major resistance level at $0.3487 before ending the day at sub-$0.3450 levels.

At the time of writing, Stellar’s Lumen was down by 1.04% to $0.3413. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3500 before falling to a low $0.3389.

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

For the day ahead

Stellar’s Lumen would need to avoid the $0.3348 pivot to bring the first major resistance level at $0.3588 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.3500.

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 $0.40 before any pullback. The second major resistance level sits at $0.3727.

A fall through the $0.3348 pivot would bring the 62% FIB of $0.3216 and the first major support level at $0.3209 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2969.

A sustained fall through the 62% FIB of $0.3216 would form a near-term bearish trend from 16^th May’s swing hi $0.7978.

Looking at the Technical Indicators

First Major Support Level: $0.3209

First Major Resistance Level: $0.3588

23.6% FIB Retracement Level: $0.6160

38% FIB Retracement Level: $0.5035

62% FIB Retracement Level: $0.3216

Tron’s TRX

Tron’s TRX rose by 4.63% on Sunday. Reversing a 1.73% loss from Saturday, Tron’s TRX ended the week down by 8.08% to $0.07142.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.06632 before making a move.

Steering clear of the first major support level at $0.06614, Tron’s TRX rose to a late intraday high $0.07224.

Tron’s TRX broke through the first major resistance level at $0.6992 and the second major resistance level at $0.07158.

A bearish end to the day, however, saw Tron’s TRX fall back through the second major resistance level to end the day at $0.0714 levels.

At the time of writing, Tron’s TRX was down by 0.39% to $0.07114. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07224 before falling to a low $0.07023.

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 $0.06999 pivot to bring the first major resistance level at $0.07367 and the 62% FIB of $0.07480 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning and yesterday’s high $0.07224.

Barring an extended crypto rally, the 62% FIB of $0.07480 would likely cap any upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.080 before any pullback. The second major resistance level sits at $0.07591.

A fall through the $0.06999 pivot would bring the first major support level at $0.06775 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06407.

A sustained fall back through the 62% FIB of $0.0748 would form a near-term bearish trend from April’s swing hi $0.1844.

Looking at the Technical Indicators

First Major Support Level: $0.06775

First Major Resistance Level: $0.07367

23.6% FIB Retracement Level: $0.1426

38.2% FIB Retracement Level: $0.1167

62% FIB Retracement Level: $0.0748

Please let us know what you think in the comments below

Thanks, Bob