InvestingScope
Short

Sideways on a 4H Triangle. 1D Gap fill upon break-out. Short.

BITFINEX:XLMUSD   XLM / Dollar
Stellar is consolidating within a 4H Triangle ( RSI = 50.704, ADX = 18.250, Williams = -54.760, CCI = -36.8849, Highs/Lows = 0.0000) having settled around the 0.500 Fibonacci retracement level after the 0.2263 low. At the moment the momentum is neutral on 1D also (Williams = -45.261, Highs/Lows = 0) and 0.2380 has to be crossed in order to break the Triangle. Based on the 1W Lower Highs pattern, this should take place soon and make a new Lower Low. That is why are keeping our short on XLMUSD with TP = 0.1802 and 0.1713 (June 29, 2018 low).
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Thanks for the chart! I went and bought some today when in went down to 0.215. Will wait again when it goes down to 0.18 then buy more.
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InvestingScope JosephBaylon
@JosephBaylon, You are welcome Joseph.
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