Aswragentu

My Price Prediction For XLMEUR

Long
KRAKEN:XLMEUR   Lumen / Euro
Currently we're bottoming out IMO.

This would make a pretty CUP & HANDLE pattern.
With a retrace on it's 50WMA and finding support.
Bullish Divergence on MACD and RSI on this timeframe making it a possible move to the upside.

If the pattern we're talking about is actually the CUP & HANDLE pattern and we break out I'll see a target of ~€13,6.
Comment:
Comment: Altho the correction may be done.
Here are reasons why we could correct more or may have bottomed out.

Bullish :
Bullish Divergence On Weekly

Bearish :
Bearish Divergence That Played Out ( Confirmation )
Below The TK And The Cloud ( Ichimoku )
Below The 20 And 50 Weekly MA, Also Weekly BearCross Incoming.
MACD Diverging Below The 0-Line.

Al These Bearish Indicators But Will We Go Down ?
The week is still young waiting for the weekly close for the play out.

NOT FINANCIAL ADVISE, DO YOUR OWN RESEARCH.