For the day ahead

Stellar’s Lumen would need to move back through to $0.077 levels to bring the first major resistance level at $0.07862 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.07650.

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

Failure to move through to $0.077 levels could see Stellar’s Lumen hit reverse.

A fall through to sub-$0.07430 levels would bring the first major support level at $0.07206 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.070 support levels.

Looking at the Technical Indicators

Major Support Level: $0.07206

Major Resistance Level: $0.07862

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rallied by 7.97% on Monday. Reversing a 2.99% fall from Sunday, Tron’s TRX ended the day at $0.017065.

It was a bullish start to the month. Tron’s TRX rallied from an early morning intraday low $0.015753 to a final hour intraday high $0.017096.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01691.

It was the first time that Tron’s TRX wrapped up the day at $0.017 levels since early March.

At the time of writing, Tron’s TRX was down by 0.45% to $0.016989. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.017150 to a low $0.016989.

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

(Excerpt) Read more Here | 2020-06-01 17:43:51
Image credit: source

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