XLM
Short

XLMUSD: Channel Down continuation. Short.

934
Stellar Lumens issued the desired strong 1D bearish candle that eventually formed the anticipated Channel Down on 1D (STOCH = 27.934, MACD = -0.002). Yesterday's rise distorted the technical data but to a small extent (RSI = 48.337, Highs/Lows = 0), especially since 1D closed below 50%. Our short positions for XLMUSD remain intact with TP = 0.1802 and 0.1713 (June 29, 2018 low).

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