New Resistance Rejection. Strong Short.

11 ก.ค. 2018

Stellar Lumens was again rejected near the 0.2200 Resistance, forming another Lower High on the 1D Channel Down (RSI = 37.212, Highs/Lows = -0.0058, B/BP = -0.0294). It is possible to have a recurring pattern (eclipse) on 1H (Channel Down), which will soon break 0.171167 and form a support base (and quite possibly a Rectangle) near the TP = 0.1515. 4H is already on strong enough bearish RSI = 32.551 and STOCH = 28.918 levels to sustain the downtrend on XLMUSD.