Stellar has followed the Fibonacci pattern modeled after Bitcoin recent retracements as it was rejected on the 0.618 (0.3534) level. As expected the previously overbought 4H/ 1D strength index weighed on therejection. The price is already on the 2nd straight bearish 1D candle and we are still shorting XLMUSD on every retracement. 4H is now neutral (RSI = 50.739) but on early bearish indicators (Highs/Lows = -0.0016, B/BP = -0.0057) calling for a MA100 test = 0.26288 - 0.24744. Shorting again, TP = 0.21987.
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