For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.06675 pivot to support a run at the first major resistance level at $0.06824.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.067813.

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 through the $0.06675 pivot could see Stellar’s Lumen struggle throughout the day.

A pullback through to sub-$0.066 levels would bring the first major support level at $0.06565 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06415.

Looking at the Technical Indicators

Major Support Level: $0.06565

Major Resistance Level: $0.06824

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 0.79% on Sunday. Following on from a 1.06% gain on Saturday, Tron’s TRX ended the week up by 7.56% to $0.016983.

Tracking the broader market, Tron’s TRX rose to an early morning high $0.016850 before hitting reverse.

Falling short of the first major resistance level at $0.01694, Tron’s TRX slid to a late morning intraday low $0.016355.

Tron’s TRX fell through the first major support level at $0.01661 and the second major support level at $0.01643.

A choppy 2nd half of the day saw Tron’s TRX fall back from $0.0166 levels to sub-$0.0164 levels before a late rebound. The rebound saw Tron’s TRX strike an intraday high $0.017001 before easing back.

Tron’s TRX broke through the first major resistance level at $0.01694 in the final hour.

At the time of writing, Tron’s TRX was up by 3.87% to $0.017639. A particularly bullish start to the day saw Tron’s TRX rally from an early morning low $0.016980 to a high $0.017649.

Tron’s TRX broke through the first major resistance level at $0.01720 and the second major resistance level at $0.01743 early on.

(Excerpt) Read more Here | 2020-07-05 19:16:15
Image credit: source

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