Lumen has stood out as an out-performer during this bear market, and has proven itself as a contender for the top 5 spot on the market cap leaderboards. There is a big move coming up here - bulls still want to call this a flag, and for the major channel support to come in strong, which, if breaks could result in a 50% deeper sell-off into the $0.10 levels(as BTC sells to 5k). However, the upside is juicy as well, with the potential for a 500% return on the back of a break-out of this bull flag (BTC rallying into the low 7'000's). Excited to see how this plays out, love the way this looks on the log scale - channeling nicely, and still holding on to some hefty gains. I will keep you posted.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.