EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 8th, 2021


For the day ahead

Stellar’s Lumen would need to move through the $0.3605 pivot to bring the first major resistance level at $0.3780 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.37 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 $0.40 before any pullback. The second major resistance level sits at $0.4097.

Failure to move through the $0.3605 pivot would bring the first major support level at $0.3288 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3113. The 62% FIB of $0.3216 should limit the downside.

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: $0.3288

First Major Resistance Level: $0.3780

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 slid by 7.93% on Monday. Reversing a 2.66% gain from Sunday, Tron’s TRX ended the day at $0.07154.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.07897 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.07864 before sliding to a late intraday low $0.07097.

The reversal saw Tron’s TRX fall through the day’s major support levels and the 62% FIB of $0.07480.

At the time of writing, Tron’s TRX was down by 0.21% to $0.07139. A choppy start to the day saw Tron’s TRX rise to an early morning high $0.07289 before falling to a low $0.07080.

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



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