Medium term projection: short, then bounce to 0.5 Fibo

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.

High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (