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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 15th, 2021

EOS

EOS rose by 4.01% on Monday. Following a 5.35% rally on Sunday, EOS ended the day at $5.2979.

A mixed start to the day saw EOS fall to a late morning intraday low $4.9516 before making a move.

Steering clear of the first major support level at $4.7973, EOS rallied to a late afternoon intraday high $5.3296.

EOS broke through the first major resistance level at $5.2465 before easing back to sub-$5.20 levels.

Finding late support, however, EOS broke back through the first major resistance level to end the day at $5.29 levels.

At the time of writing, EOS was up by 0.42% to $5.3202. A mixed start to the day saw EOS fall to an early morning low $5.2770 before rising to a high $5.3699.

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

EOSUSD 150621 Hourly Chart

For the day ahead

EOS would need to avoid the $5.1930 pivot to bring the first major resistance level at $5.4345 into play.

Support from the broader market would be needed for EOS to break out from this morning’s high $5.3699.

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 $5.70 before any pullback. The second major resistance level sits at $5.5710.

A fall through the $5.1930 pivot and would bring the first major support level at $5.0565 into play.

Barring an extended sell-off, however, EOS should steer clear of sub-$5.00 levels. The second major support level sits at $4.8150.

Looking at the Technical Indicators

First Major Support Level: $5.0565

First Major resistance Level: $5.4345

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 fell by 0.49% on Monday. Following a 5.18% rally on Sunday, Stellar’s Lumen ended the day at $0.3433.

A bearish start to the day saw Stellar’s Lumen fall to a late morning intraday low $0.3269 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 rallied to a late afternoon intraday high $0.3500.

Falling short of the first major resistance level at $0.3588, Stellar’s Lumen fell back to end the day at sub-$0.3450 levels.

At the time of writing, Stellar’s Lumen was up by 0.74% to $0.3459. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3398 before rising to a high $0.3474.

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

XLMUSD 150621 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.3401 pivot to bring the first major resistance level at $0.3532 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.3500.

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 $0.37 before any pullback. The second major resistance level sits at $0.3632.

A fall back through the $0.3401 pivot would bring the first major support level at $0.3301 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3170. 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: $0.3301

First Major Resistance Level: $0.3532

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 0.46% on Monday. Following a 4.63% gain on Sunday, Tron’s TRX ended the day at $0.07175.

A bearish start to the day saw Tron’s TRX fall to a late morning intraday low $0.06990 before making a move.

Steering clear of the first major support level at $0.6775, Tron’s TRX rallied to a late afternoon intraday high $0.07306.

Falling short of the first major resistance level at $0.7367, Tron’s TRX fell back to sub-$0.0710 levels before finding late support.

A late move back though to $0.0717 levels delivered the upside on the day.

At the time of writing, Tron’s TRX was up by 0.90% to $0.07240. A mixed start to the day saw fall to an early morning low $0.07157 before rising to a high $0.07311.

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

TRXUSD 150621 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through $0.07157 pivot to bring the first major resistance level at $0.07324 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning’s high $0.07311.

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 the 62% FIB of $0.07480 before any pullback. The second major resistance level sits at $0.07473.

A fall through the $0.07157 pivot would bring the first major support level at $0.07008 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.06841.

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: $0.07008

First Major Resistance Level: $0.07324

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