XLMUSD might have a path to New Highs: Stellar bull scenario
Stellar has been driven down much worse than many other Alts.
It is one of the ''well established'' coins that have fallen out of favor.
It looks to have bottomed, and is hinting at an impulsive move up soon.
There is a lot of resistance just above the possible wave (1) that rejected previously.
Wave (2) might be done, but I think it might come back for another test of support.
How deep wave (2) retraces will determine how high wave (5) might end up going.
Of note: my Elliott Wave analysis is somewhat amateur as I am not a student.
But my Fibs are solid, and often cause price reactions at the mapped zones.
Given the surge in Bitcoin and other majors, XLM ought find some bids soon.
It is one of the ''well established'' coins that have fallen out of favor.
It looks to have bottomed, and is hinting at an impulsive move up soon.
There is a lot of resistance just above the possible wave (1) that rejected previously.
Wave (2) might be done, but I think it might come back for another test of support.
How deep wave (2) retraces will determine how high wave (5) might end up going.
Of note: my Elliott Wave analysis is somewhat amateur as I am not a student.
But my Fibs are solid, and often cause price reactions at the mapped zones.
Given the surge in Bitcoin and other majors, XLM ought find some bids soon.
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