EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 5th, 2021


EOS

EOS rose by 0.44% on Sunday. Following a 3.21% gain on Saturday, EOS ended the week up by 7.72% to $4.0658.

A mixed start to the day saw EOS fall to an early morning intraday low $3.9482 before making a move.

Steering clear of the first major support level at $3.9071, EOS rallied to a late intraday high $4.1852.

EOS broke through the first major resistance level at $4.1276 before a pullback to sub-$4.10 levels.

At the time of writing, EOS was down by 1.26% to $4.0144. A bearish start to the day saw EOS fall from an early morning high $4.0658 to a low $4.0062.

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

For the day ahead

EOS would need to move back through the $4.0664 pivot to bring the first major resistance level at $4.1846 into play.

Support from the broader market would be needed for EOS to breakout from $4.15 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $4.1852 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.40. The second major resistance level sits at $4.3034.

Failure to move back through the $4.0664 pivot and would bring the first major support level at $3.9476 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.90 levels. The second major support level sits at $3.8294.

Looking at the Technical Indicators

First Major Support Level: $3.9476

First Major resistance Level: $4.1846

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 1.59% on Sunday. Following a 0.23% gain on Saturday, Stellar’s Lumen ended the week up by 3.19% to $0.2681.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2586 before making a move.

Finding support at the first major support level at $0.2585, Stellar’s Lumen rallied to a late morning intraday high $0.2722.

Stellar’s Lumen broke through the first major resistance level at $0.2695.

Coming within range of the second major resistance level at $0.2752, Stellar’s Lumen fell back to end the day at $0.2680 levels.

The pullback saw Stellar’s Lumen fall back through the first major resistance level at $0.2695.

At the time of writing, Stellar’s Lumen was down by 0.81% to $0.2659. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.2679 to a low $0.2652.

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

For the day ahead

Stellar’s Lumen would need to move back through the $0.2663 pivot to bring the first major resistance level at $0.2740 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.2722.

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 the second major resistance level at $0.2799.

Failure to move back through the $0.2663 pivot would bring the first major support level at $0.2604 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level at $0.2527 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2604

First Major Resistance Level: $0.2740

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 rose by 0.70% on Sunday. Following a 0.51% gain on Saturday, Tron’s TRX ended the week up by 3.91% to $0.06741.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06506 before making a move.

Tron’s TRX fell through the first major support level at $0.06541 before rallying to a late afternoon intraday high $0.06851.

The rebound saw Tron’s TRX break through the first major resistance level at $0.06807 before falling back to sub-$0.068 levels.

At the time of writing, Tron’s TRX was down by 0.71% to $0.06693. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06659 before rising to a high $0.06757.

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

For the Day Ahead

Tron’s TRX would need to move back through the $0.06699 pivot to bring the first major resistance level at $0.06893 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.06851.

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 the second major resistance level at $0.07044.

Failure to move back through the $0.06699 pivot would bring the first major support level at $0.06548 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06354.

Looking at the Technical Indicators

First Major Support Level: $0.06548

First Major Resistance Level: $0.06893

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



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