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

By:
Bob Mason
Published: Jun 21, 2021, 01:11 GMT+00:00

It's a mixed start to the day for the majors. A fall through the day's pivot levels would bring support levels into play before any recovery.

Ripple, Dash coin, Bitcoin, Monero and Ethereum

In this article:

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.

EOSUSD 210621 Hourly Chart

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.

XLMUSD 210621 Hourly Chart

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 16th 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.

TRXUSD 210621 Hourly Chart

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

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.

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