XLM/BTC Great Bullish Signs
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.