Higher extension confirmed. 0.618 Fibo and then short.

Since the Higher Low supporting line (red dots) held, XLMUSD has started its ascending course towards the 1D 0.618 Fibonacci retracement level = 0.283307. The 0.618 point is where the commanding bearish Channel on 1w (MACD = -0.007, B/BP = -0.0464, ADX = 31.817) previously made its last 0.3533 Lower High (July 25th) before it declined. This is a recurring pattern on this bear cycle and reappearing sequence is also evident on the base candle patterns before the rise (illustrated by the Rotated Rectangles on the chart). Our short targets on Stellar Lumens for the end of September are still 0.1802 and 0.1713 (June 29, 2018 low).