Medium term projection: short, then bounce to 0.5 Fibo

Medium term projection: short, then bounce to 0.5 Fibo

XLM / Dollar
BITFINEX:XLMUSD



The price is on a crystal clear 4H Channel Down which is now pricing a Lower High ( RSI = 45.400, Highs/Lows = 0, B/BP = -0.0080). Based on the Fibonacci retracement levels of the previous Channel Down, XLM             should make a Lower Low on this Channel near 0.21539646 (which is our TP). After that it should rebound to the 0.50 Fibonacci (0.29077738), before possibly a new Channel Down.

Be the first to comment

Leave a Reply

Your email address will not be published.


*