XLM/USD several week Fib. retracement

27 thg 1, 2018

Take the latest high, compare it with the most recent solid low on the chart, and the Fibonacci retracement shows the current Stellar Lumens per U.S. Dollar right at the 61.8% level. That's a technically important support/resistance level in Fibonacci patterns. It looks to me that if it breaks through that level, say, upward past 65%? 68%?, we've got a confirmed move up. If not, there's no suggestion of a reversal in the pattern either. Not saying it for sure, but my money is suggesting further upward movement in the coming days.