InvestingScope
Short

Rejected on a new 1W Lower High. Quick Gap Fill to 0.1936.

BITFINEX:XLMUSD   XLM / Dollar
XLMUSD broke the previous Channel Down on 1D on fundamental market parameters making a high at 0.3050, which is however a technical Lower High on 1W ( RSI = 48.747, MACD = -0.010). Since the Lower High was within the 0.681 - 0.786 (0.2337 - 0.3143) Fibonacci retracement zone, we expect the price to make an equally quick technical gap fill on 1D to 0.1930. We have entered new shorts targeting this gap (0.1930) as well as the previous two targets: 0.1802 and 0.1713 (June 29, 2018 low).
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