The price failed to cross over the 0.2403 Resistance as the 1D Triangle (RSI = 49.436, STOCH = 51.075, CCI = 45.1805, Highs/Lows = 0.0000) keeps the momentum neutral. Even 4H is neutral on four indicators and it is best to wait for a break-out to validate the short term direction (noted with the eclipses). In any case the long term trend on XLMUSD remains bearish (the 1D 0.618 Fibonacci retracement level = 0.283307 should reject any medium term upside attempt) and so are we with end of September targets at 0.1802 and 0.1713 (June 29, 2018 low).
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Telegram: t.me/investingscope
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Over 65% accuracy on Private Signals Channel.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.