EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 3rd, 2021


For the day ahead

Stellar’s Lumen would need to move back through the $0.4195 pivot to bring the first major resistance level at $0.4343 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.43 levels.

Barring an extended rally, the first major resistance level and Wednesday’s high $0.4350 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 $0.4498.

Failure to move back through the $0.4195 pivot would bring the first major support level at $0.4040 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.40 levels. The second major support level sits at $0.3892.

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: $0.4040

First Major Resistance Level: $0.4343

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 rose by 2.44% on Wednesday. Reversing a 0.70% decline from Tuesday, Tron’s TRX ended the day at $0.07817.

Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.07438 before making a move.

While steering clear of the first major support level at $0.7382, Tron’s TRX fell back through the 62% FIB of $0.07480.

Finding early support, however, Tron’s TRX rallied to a mid-afternoon intraday high $0.07988.

Tron’s TRX broke back through the 62% FIB and through the first major resistance level at $0.07827.

Coming within range of the second major resistance level at $0.08023, Tron’s TRX fell back through the first major resistance level to $0.077 levels.

Finding late support, however, Tron’s TRX broke back through the first major resistance level at $0.07827 before ending the day at $0.0781 levels

At the time of writing, Tron’s TRX was down by 0.96% to $0.07742. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07875 before falling to a low $0.07727.

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



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