InvestingScope

Medium term projection: short, then bounce to 0.5 Fibo

Short
BITFINEX:XLMUSD   XLM / Dollar
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.

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