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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 10th, 2021

EOS

EOS rose by 5.72% on Wednesday. Reversing a 2.55% fall from Tuesday, EOS ended the day at $5.3410.

A mixed start to the day saw EOS fall to an early morning intraday low $4.7746 before making a move.

Steering clear of the first major support level at $4.6196, EOS rose to a late afternoon intraday high $5.3960.

EOS broke through the first major resistance level at $5.3716 before easing back to end the day at $5.34 levels.

At the time of writing, EOS was down by 0.30% to $5.3250. A mixed start to the day saw EOS fall to an early morning low $5.3065 before striking a high $5.4743.

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

EOSUSD 100621 Hourly Chart

For the day ahead

EOS would need to avoid the $5.1705 pivot to bring the first major resistance level at $5.5665 into play.

Support from the broader market would be needed for EOS to break out from the morning high $5.4743.

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

In the event of an extended rally, EOS could test resistance at $6.00 before any pullback. The second major resistance level sits at $5.7919.

A fall through the $5.1705 pivot and would bring the first major support level at $4.9451 into play.

Barring another extended sell-off, however, EOS should steer clear of the second major support level at $4.5491.

Looking at the Technical Indicators

First Major Support Level: $4.9451

First Major resistance Level: $5.5665

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 4.55% on Wednesday. Following a 0.89% gain on Tuesday Stellar’s Lumen ended the day at $0.3653.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3245 before making a move.

Steering clear of the 62% FIB of $0.3216 and the first major support level at $0.3209, Stellar’s Lumen rose to a late intraday high $0.3677.

Stellar’s Lumen broke through the first major resistance level at $0.3675 before easing back to end the day at sub-$0.3670 levels.

At the time of writing, Stellar’s Lumen was down by 0.74% to $0.3626. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.3677 before falling to a low $0.3608.

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

XLMUSD 100621 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid the $0.3525 pivot to bring the first major resistance level at $0.3805 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s and this morning’s high $0.3677.

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 $0.3957.

A fall through the $0.3525 pivot would bring the first major support level at $0.3373 and the 62% FIB of $0.3216 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level at $0.3093 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: $0.3373

First Major Resistance Level: $0.3805

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 4.21 on Wednesday. Following a 1.37% gain on Tuesday, Tron’s TRX ended the day at $0.07555.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.06986 before making a move.

Steering clear of the first major support level at $0.06852, Tron’s TRX rose to a late intraday high $0.07555.

Tron’s TRX broke through the 62% FIB of $0.07480 and the first major resistance level at $0.07500 to end the day at $0.0755 levels.

At the time of writing, Tron’s TRX was down by 0.74% to $0.07499. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07595 before falling to a low $0.07442.

While leaving the major support and resistance levels untested, Tron’s TRX tested support at the 62% FIB of $0.07480 early on.

TRXUSD 100621 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through the 62% FIB of $0.07480 and the $0.07365 pivot to bring the first major resistance level at $0.07745 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.07595.

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

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.080 before any pullback. The second major resistance level sits at $0.07934.

A fall through the $0.07365 pivot would bring the first major support level at $0.07176 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06796.

A sustained fall back through the 62% FIB of $0.0748 would form a near-term bearish trend from April’s swing hi $0.1844.

Looking at the Technical Indicators

First Major Support Level: $0.07176

First Major Resistance Level: $0.07745

23.6% FIB Retracement Level: $0.1426

38.2% FIB Retracement Level: $0.1167

62% FIB Retracement Level: $0.0748

Please let us know what you think in the comments below

Thanks, Bob