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 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.
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
