Bouncing againSo the whales have attacked again causing a couple percent drop. BTCUSD back to 8168 at the time of writing this episode.
My thoughts for XLMEUR for today:
- remain above the bounce area
- recovery again to 0,30 cent to the Euro
- remain above 4000 Sat's and climb to 4100 Sat's
If not, we need to think about a new trend going down faster than anticipated..
time will tell
XLMEUR
Have a Stellar DayThe chart is a boring in the sense that StellarLumens follows Bitcoin. Satoshi wise the price is hovering around 4200.In my view not much new to add: we are trading side ways and following the path I drew on the 10th of May.
The only good news I can think of is that inflation has been paid today ;-)
Oh an besides the charts please read this: www.lumenauts.com
have a stellar day!
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
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!
XLMBTC Short -> Future prediction! CASHING OUT Chart is speaking for itself :)
I bought XLM at 0.47 and it headed down for a while but it looks like it found support for now.
Huge pennant forming: It will take a while till we see a breakout but a good short-term entry-
I keep you updated!
Humble §JS