Lumen / Euro

Weekly wrap up

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Lot's of excitement this week with crypto markets going down driven by FUD. Yesterday showed a nice recovery for XLM. If you look at Coinmarketcap you see that XLM made the best recovery in the top 10 market cap. For now I see that we are still in a downtrend channel. I believe we need to cross the 0,33/0,34 EUR level to see a new uptrend. Who knows, maybe it will happen next week. However I think more likely we trade side ways for some time in the down trend channel.

My targets for this week:
XLMEUR: 0,33
XLMBTC: 0,00004300
BTCUSD: 8500
RSI on XLMBTC: remain in 40 to 60 band

Have a great Sunday

Penafian

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