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XEL Possible Fib Retrace
XELBTC
, 120
Long
XELBTC: XEL Possible Fib Retrace

XEL has been on a strong downtrend since August, which has only since broken out in December. The .382 fib level has been tested and the RSI on the daily chart is still close to 50, indicating that it is still in an uptrend and it is ready to test the level again. Much of its downward momentum ROC has already been expended, though the current market correction...

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