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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 22nd, 2021

EOS

EOS slumped by 21.95% on Monday. Following an 11.46% decline from last week, EOS ended the day at $3.5171.

A mixed start to the day saw EOS rise to an early morning intraday high $4.5291 before hitting reverse.

Falling short of the first major resistance level at $4.6586, EOS slid to a late intraday low $3.5057.

EOS fell through the day’s major support levels before finding support. Late in the day, EOS broke back through the third major support level at $3.5168 to revisit $3.70 levels before easing back.

At the time of writing, EOS was up by 3.61% to $3.6441. A mixed start to the day saw EOS fall to an early morning low $3.3513 before rising to a high $3.6885.

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

EOSUSD 220621 Hourly Chart

For the day ahead

EOS would need to move through the $3.8506 pivot to bring the first major resistance level at $4.1956 into play.

Support from the broader market would be needed for EOS to break back through to $4.00 levels.

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 $4.50. The second major resistance level sits at $4.8740.

Failure to move through the $3.8506 pivot and would bring the first major support level at $3.1722 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level sits at $2.8272.

Looking at the Technical Indicators

First Major Support Level: $3.1722

First Major resistance Level: $4.1956

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 tumbled by 20.71% on Monday. Following a 13.74% loss from last week, Stellar’s Lumen ended the day at $0.2359.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3025 before hitting reverse.

Falling short of the first major resistance level at $0.3079, Stellar’s Lumen slid to a late intraday low and a new swing lo $0.2353.

Stellar’s Lumen fell through the first major support level at $0.2784 and the second major support level at $0.2592 to end the day at $0.23 levels.

At the time of writing, Stellar’s Lumen was up by 5.69% to $0.2494. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.2260 before rising to a high $0.2502.

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

XLMUSD 220621 Hourly Chart

For the day ahead

Stellar’s Lumen would need to move through the $0.2579 pivot to bring the first major resistance level at $0.2805 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.25 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 $0.30 before any pullback. The second major resistance level sits at $0.3251.

Failure to move through the $0.2579 pivot would bring the first major support level at $0.2133 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.20 levels. The second major support level sits at $0.1907.

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

Looking at the Technical Indicators

First Major Support Level: $0.2133

First Major Resistance Level: $0.2805

23.6% FIB Retracement Level: $0.3681

38% FIB Retracement Level: $0.4502

62% FIB Retracement Level: $0.5829

Tron’s TRX

Tron’s TRX tumbled by 20.94% on Monday. Following a 5.31% fall from last week, Tron’s TRX ended the day at $0.05347.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.06828 before hitting reverse.

Falling short of the first major resistance level at $0.07001, Tron’s TRX slid to a late intraday low and a new swing lo $0.05312.

Tron’s TRX fell through the day’s major support levels to end the day at sub-$0.054 levels.

At the time of writing, Tron’s TRX was up by 2.63% to $0.05486. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05175 before rising to a high $0.05614.

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

TRXUSD 220621 Hourly Chart

For the Day Ahead

Tron’s TRX would need to move through the $0.05829 pivot to bring the first major resistance level at $0.06346 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 levels.

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 $0.070 before any pullback. The second major resistance level sits at $0.07345.

Failure to move through the $0.05829 pivot would bring the first major support level at $0.04830 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.04313.

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

Looking at the Technical Indicators

First Major Support Level: $0.04830

First Major Resistance Level: $0.06346

23.6% FIB Retracement Level: $0.0841

38.2% FIB Retracement Level: $0.1033

62% FIB Retracement Level: $0.1343

Please let us know what you think in the comments below

Thanks, Bob