EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 24th, 2021
EOS
EOS rallied by 8.26% on Wednesday. Reversing a 3.61% fall from Tuesday, EOS ended the day at $3.6700.
A mixed start to the day saw EOS fall to an early morning intraday low $3.2743 before making a move.
Steering clear of the first major support level at $3.0307, EOS rose to an early afternoon intraday high $3.8103.
EOS broke through the first major resistance level at $3.7569 before easing back to end the day at sub-$3.70 levels.
At the time of writing, EOS was up by 0.10% to $3.6738. A mixed start to the day saw EOS fall to an early morning low $3.6455 before rising to a high $3.7280.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $3.5849 pivot to bring the first major resistance level at $3.8954 into play.
Support from the broader market would be needed for EOS to break out from Wednesday’s high $3.8103.
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 $4.20. The second major resistance level sits at $4.1209.
A fall through the $3.5849 pivot and would bring the first major support level at $3.3594 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level at $3.0489 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3.3594
First Major resistance Level: $3.8954
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 rallied by 8.53% on Wednesday. Reversing a 0.21% fall from Tuesday, Stellar’s Lumen ended the day at $0.2557.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2248 before making a move.
Steering clear of the first major support level at $0.2032, Stellar’s Lumen rose to a mid-morning intraday high $0.2701.
Stellar’s Lumen broke through the first major resistance level at $0.2636 before a brief pullback to sub-$0.25 levels.
At the time of writing, Stellar’s Lumen was up by 0.26% to $0.2564. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2598 before falling to a low $0.2548.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid the $0.2502 pivot to bring the first major resistance level at $0.2756 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.27 levels.
Barring an extended rally, the first major resistance level and resistance at $0.28 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 $0.2955.
Failure to avoid a fall through the $0.2502 pivot would bring the first major support level at $0.2303 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.2049.
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: $0.2303
First Major Resistance Level: $0.2756
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX
Tron’s TRX surged by 13.39% on Wednesday. Reversing a 4.45% decline from Tuesday, Tron’s TRX ended the day at $0.05791.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.04947 before making a move.
Steering clear of the first major support level at $0.04588, Tron’s TRX rallied to an early afternoon intraday high $0.05796.
Tron’s TRX broke through the first major resistance level at $0.05648 before a fall back to $0.053 levels.
Finding late support, however, Tron’s TRX broke back through the first major resistance level to wrap up the day at $0.057 levels.
At the time of writing, Tron’s TRX was up by 5.09% to $0.06086. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.05763 to a high $0.06121.
Tron’s TRX broke through the first major resistance level at $0.06076 early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall back through the first major resistance level at $0.06076 to target $0.070 levels.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the second major resistance level at $0.06360.
Barring an extended crypto rally, the second major resistance level and resistance at $0.065 would likely cap any upside.
In the event of a broad-based crypto rally, Tron’s TRX could test the third major resistance level at $0.07209 before any pullback.
A fall through the first major resistance level and the $0.05511 pivot would bring the first major support level at $0.05227 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.050 levels. The second major support level sits at $0.04662.
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: $0.05227
First Major Resistance Level: $0.06076
23.6% FIB Retracement Level: $0.0787
38.2% FIB Retracement Level: $0.0989
62% FIB Retracement Level: $0.1316
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
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