For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.09440 pivot to support a run at the first major resistance level at $0.09876.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from last week’s high $0.09776.

Barring another broad-based crypto rally, the first major resistance level and Sunday’s high $0.097762 would likely limit any upside.

Failure to avoid a fall through the $0.09440 pivot would bring the first major support level at $0.09100 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.090 levels. The second major support level sits at $0.08662.

Looking at the Technical Indicators

Major Support Level: $0.09100

Major Resistance Level: $0.09876

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX fell by 0.85% on Sunday. Partially reversing a 1.27% gain from Saturday, Tron’s TRX ended the week up by 7.24% to $0.01821.

It was also a bullish start to the day. Tron’s TRX rose to an early morning intraday high $0.018526 before hitting reverse.

Falling short of the first major resistance level at $0.01881, Tron’s TRX fell to an early afternoon intraday low $0.017921.

Tron’s TRX fell through the first major support level at $0.01809 before recovering to $0.01800 levels.

While moving back through to $0.018 levels, the first major support level pinned Tron’s TRX back late in the day.

At the time of writing, Tron’s TRX was down by 0.52% to $0.018115. A mixed start to the day Tron’s TRX rise from an early morning high $0.01824 to a low $0.01810.

Tron’s TRX tested the first major support level at $0.01686 early on.

(Excerpt) Read more Here | 2020-07-12 19:15:00
Image credit: source

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