For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.09999 pivot to support a run at the first major resistance level at $0.10288.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.10233.

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

Failure to avoid a fall back through the $0.09999 pivot would bring the first major support level at $0.09746 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.090 levels. The second major support level at $0.09448 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $0.09746

Major Resistance Level: $0.10288

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 rose by 0.68% on Sunday. Following on from a 1.31% gain from Saturday, Tron’s TRX ended the week down by 3.56% to $0.017562.

It was a mixed start to the day. Tron’s TRX rose to an early morning intraday high $0.017601 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.01757 before sliding to a mid-day intraday low $0.017200.

Finding support at the first major support level at $0.01717, Tron’s TRX recovered to $0.0175 levels to end the day in the green.

At the time of writing, Tron’s TRX was up by 0.18% to $0.017632. Another mixed start to the day saw Tron’s TRX rise to an early morning high $0.017613 before falling to a low $0.017439.

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

(Excerpt) Read more Here | 2020-07-19 20:49:07
Image credit: source


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