XLM/BTC (Bullish Symmetrical Horizontal Corrective Triangle)
Bullish Symmetrical Horizontal Corrective Wave Triangle
Current "minute (days)" Elliot Wave Cycle (in green ellipses) will find resistance at .00005525 before entering a Corrective ABC Elliot Wave, that could potentially retrace to .00004510 before the final impulse wave begins on the intermediate wave cycle. Based on the bullish nature of the Symmetrical Horizontal Corrective Wave Triangle that began on December 27th, it is my opinion that a new ascending impulse wave will begin, also coinciding with the end of the BTC (crypto-wide) correction.
The new rally should be (in theory) proportional to previous ascents, in angle and wave magnitude.
Current "minute (days)" Elliot Wave Cycle (in green ellipses) will find resistance at .00005525 before entering a Corrective ABC Elliot Wave, that could potentially retrace to .00004510 before the final impulse wave begins on the intermediate wave cycle. Based on the bullish nature of the Symmetrical Horizontal Corrective Wave Triangle that began on December 27th, it is my opinion that a new ascending impulse wave will begin, also coinciding with the end of the BTC (crypto-wide) correction.
The new rally should be (in theory) proportional to previous ascents, in angle and wave magnitude.