EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 2nd, 2021


For the day ahead

Stellar’s Lumen would need to move back through the $0.4170 pivot to bring the first major resistance level at $0.4502 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.44 levels.

Barring an extended rally, the first major resistance level and Tuesday’s high $0.4489 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 $0.4821.

Failure to move back through the $0.4170 pivot would bring the first major support level at $0.3851 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3519.

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

Looking at the Technical Indicators

First Major Support Level: $0.3851

First Major Resistance Level: $0.4502

23.6% FIB Retracement Level: $0.6160

38% FIB Retracement Level: $0.5035

62% FIB Retracement Level: $0.3216

Tron’s TRX

Tron’s TRX fell by 0.70% on Tuesday. Partially reversing a 7.18% gain from Monday, Tron’s TRX ended the day at $0.07631.

Tracking the broader market, Tron’s TRX rose to an early morning intraday high $0.07774 before hitting reverse.

Falling short of the first major resistance level at $0.07958, Tron’s TRX slid to an early afternoon intraday low $0.07329.

While steering clear of the first major support level at $0.07186, Tron’s TRX fell through the 62% FIB of $0.07480.

Finding late support, however, Tron’s TRX broke back through the 62% FIB to end the day at $0.76 levels.

At the time of writing, Tron’s TRX was down by 0.59% to $0.07586. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.07670 to a low $0.07501.

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



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