InvestingScope

Consolidation nearly over. Short.

Short
XLMUSD loosely delivered the expected consolidation on 4H (neutral RSI = 52.612, MACD = 0, Highs/Lows = 0.0006) keeping the price to respectable levels. 1D is now expected to decline as its Channel Down (RSI = 44.360, Highs/Lows = 0.000, B/BP = -0.0207) has met its Lower High limitation line. We remain short with TP = 0.1802. The 0.1713 mark (June 29, 2018 low) will be the deciding break-out point for further bearish action.

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