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XLMEUR

Weekly wrap upLot'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
by tradingpike
FUD Friday is overFUD Friday is over... Fuelled by some bad crypto new everything went down yesterday. XLMEUR reached a low of 3500 sats and hit 0,25 eur cents. So quicker than expected we hit my bounce area. I am leaving my chart set-up as us for now... For today: XLMEUR sats level back up to 3750/ eur 0,26. Furthermore I expect that we remain in the bounce area for a couple of days. Good to reflect on our set-up and look ahead. Tomorrow I will make some projections for next week. Have a great Saturday!
by tradingpike