EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 21st, 2021

EOS

EOS rose by 0.91% on Sunday. Partially reversing a 2.24% fall from Saturday, EOS ended the week down by 11.46% to $4.5060.

A mixed start to the day saw EOS rise to a mid-morning high $4.5090 before hitting reverse.

Falling short of the major resistance levels, EOS slid to a midday intraday low $4.1009.

EOS fell through the first major support level at $4.3770 and the second major support level at $4.2886.

Finding support from the broader market, however, EOS rallied to a late intraday high $4.5324.

In spite of the rebound, EOS fell short of the first major resistance level at $4.6288 on the day.

At the time of writing, EOS was down by 0.83% to $4.4685. A mixed start to the day saw EOS rise to an early morning high $4.5291 before falling to a low $4.4470.

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

For the day ahead

EOS would need to avoid the $4.3798 pivot to bring the first major resistance level at $4.6586 into play.

Support from the broader market would be needed for EOS to break out from Sunday’s high $4.5324.

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 $5.00. The second major resistance level sits at $4.8113.

A fall through the $4.3798 pivot and would bring the first major support level at $4.2271 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level sits at $3.9483.

Looking at the Technical Indicators

First Major Support Level: $4.2271

First Major resistance Level: $4.6586

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 3.08% on Sunday. Reversing a 2.99% fall from Saturday, Stellar’s Lumen ended the week down by 13.74% to $0.2975.

A mixed start to the day saw Stellar’s Lumen rise to a mid-morning high $0.2968 before hitting reverse.

Falling short of the major resistance levels, Stellar’s Lumen slid to a midday intraday low $0.2696.

Stellar’s Lumen fell through the first major support level at $0.2826 and the second major support level at $0.2767.

Finding afternoon support, however, Stellar’s Lumen broke back through the major support levels to strike a late intraday high $0.2991.

In spite of the rebound, Stellar’s Lumen came up short of the first major resistance level at $0.3005 on the day.

At the time of writing, Stellar’s Lumen was up by 0.28% to $0.2983. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3025 before falling to a low $0.2961.

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 $0.2887 pivot to bring the first major resistance level at $0.3079 back into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.30 levels.

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 $0.32 before any pullback. The second major resistance level sits at $0.3182.

A fall through the $0.2887 pivot would bring the first major support level at $0.2784 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 $0.2592.

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

Looking at the Technical Indicators

First Major Support Level: $0.2784

First Major Resistance Level: $0.3079

23.6% FIB Retracement Level: $0.3943

38% FIB Retracement Level: $0.4714

62% FIB Retracement Level: $0.5960

Tron’s TRX

Tron’s TRX fell by 0.76% on Sunday. Following a 1.94% decline on Saturday, Tron’s TRX ended the week down by 5.31% to $0.06763.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.06891 before hitting reverse.

Falling short of the first major resistance level at $0.06978, Tron’s TRX slid to a midday intraday low $0.06454.

Tron’s TRX fell through the first major support level at $0.06725 and the second major support level at $0.06634.

Finding support from the broader market, Tron’s TRX broke back through the major support levels to revisit $0.068 levels before easing back.

At the time of writing, Tron’s TRX was down by 0.90% to $0.06702. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06828 before falling to a low $0.06662.

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

For the Day Ahead

Tron’s TRX would need to avoid the $0.06653 pivot to bring the first major resistance level at $0.07001 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.06891.

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

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.074 before any pullback. The second major resistance level sits at $0.07238.

A fall through the $0.06653pivot would bring the first major support level at $0.06416 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.060 levels. The second major support level at $0.06068 should limit the downside.

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

Looking at the Technical Indicators

First Major Support Level: $0.06416

First Major Resistance Level: $0.07001

23.6% FIB Retracement Level: $0.0853

38.2% FIB Retracement Level: $0.1043

62% FIB Retracement Level: $0.1349

Please let us know what you think in the comments below

Thanks, Bob