This is my analysis on XLM/BTC.. from what i have noticed, there was a completed ABC correction and now we are moving into the Elliott waves, perhaps we've seen wave 1 already and now wave 3 is starting to rise (possibly seeing a new high by the end of wave 5). Along the line of wave 3 there has been a recent support on the uptrend showing wicks bouncing off the trend line. As well as the Elliott wave formation, another confirmation we have is the 4 moving averages have successfully fanned out in proper order showing signs of a bull run. These look to be very good signs moving forward.
Once again if there are any issues with my analysis feel free to let me know as i am still a beginner and learning as i go.
Thank you
Once again if there are any issues with my analysis feel free to let me know as i am still a beginner and learning as i go.
Thank you
