XLM
Short

XLMUSD: Triangle broken, Channel Down emerging.

1 751
XLMUSD has broken the 4H Triangle (RSI = 50.142, Highs/Lows) that was created after the 0.3050 Top was made and is developing a Channel Down on 1D (STOCH = 32.408, Williams = -69.863, ROC = -3.162). In order to sustain this, we need to test 0.2198 this week and make this a Lower Low. 1W is still on a Lower High sequence, so on the long term we remain bearish on Stellar with TP = 0.1802 and 0.1713 (June 29, 2018 low).

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