EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 29th, 2021


EOS

EOS rose by 1.98% on Monday. Following a 5.61% rally on Sunday, EOS ended the day at $3.8490.

A mixed start to the day saw EOS fall to a mid-day intraday low $3.6863 before making a move.

Steering clear of the first major support level at $3.5811, EOS rallied to a late afternoon intraday high $3.9476.

EOS broke through the first major resistance level at $3.8722 before ending the day at sub-$3.85 levels.

At the time of writing, EOS was up by 2.24% to $3.9353. A mixed start to the day saw EOS fall to an early morning low $3.8457 before rising to a high $3.9909.

EOS tested the first major resistance level at $3.9690 early on.

For the day ahead

EOS would need to avoid the $3.8276 pivot to bring the first major resistance level at $3.9690 back into play.

Support from the broader market would be needed for EOS to avoid a fall back to sub-$3.90 levels.

Barring a broad-based crypto rally, the first major resistance level and resistance at $4.00 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.15. The second major resistance level sits at $4.0889.

A fall through the $3.8276 pivot and would bring the first major support level at $3.7077 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.70 levels. The second major support level sits at $3.5663.

Looking at the Technical Indicators

First Major Support Level: $3.7077

First Major resistance Level: $3.9690

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 1.46% on Monday. Following a 4.13% gain on Sunday, Stellar’s Lumen ended the day at $0.2635.

A bullish start to the day saw Stellar’s Lumen rise to a late morning intraday high $0.2696 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.2666 before falling to an early afternoon intraday low $0.2559.

Steering clear of the first major support level at $0.2461, Stellar’s Lumen revisited $0.266 levels before easing back.

The first major resistance level at $0.2666 pegged Stellar’s Lumen back late in the day.

At the time of writing, Stellar’s Lumen was up by 2.47% to $0.2700. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2625 before rallying to a high $0.2723.

Stellar’s Lumen broke through the first major resistance level at $0.2701 early on.

For the day ahead

Stellar’s Lumen would need to avoid the $0.2630 pivot to bring the first major resistance level at $0.2701 back into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to avoid a fall back to sub-$0.27 levels.

Barring an extended rally, the  morning high $0.2723 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.28 before any pullback. The second major resistance level sits at $0.2767.

A fall through the $0.2630 pivot would bring the first major support level at $0.2564 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.2493.

Looking at the Technical Indicators

First Major Support Level: $0.2564

First Major Resistance Level: $0.2701

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 1.02% on Monday. Following a 3.58% gain on Sunday, Tron’s TRX ended the day at $0.06553.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06406 before making a move.

Steering clear of the first major support level at $0.06195, Tron’s TRX rallied to a late afternoon intraday high $0.06689.

Tron’s TRX broke through the first major resistance level at $0.06651 before falling back to end the day at sub-$0.066 levels.

At the time of writing, Tron’s TRX was up by 2.20% to $0.06697. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06503 before rallying to a high $0.06714.

Tron’s TRX broke through the first major resistance level at $0.06693 early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall through the first major resistance level at $0.06693 to bring $0.070 levels into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the second major resistance level at $0.06832.

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

In the event of an extended rally, Tron’s TRX could test the third major resistance level at $0.07115.

A fall through back through the first major resistance level and through the $0.06549 pivot would bring the first major support level at $0.06410 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.065 levels. The second major support level sits at $0.06266.

Looking at the Technical Indicators

First Major Support Level: $0.06410

First Major Resistance Level: $0.6693

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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