There’s the chance that the larger descending wedge/triangle depicted here is playing out for wave 4. However, it remains plausible that this pattern ended with the original, smaller triangle. Something to keep in mind.
Note
Sorry, it is NOT a descending triangle. There is a slight downwards slope between A and C.
Note
Looks like 4 went lower than I expected. Still, any XLMBTC price from current and under is a steal. This chart is based on Binance data. Based on other exchanges, like Bittrex, XLM could go a bit lower. However, Binance did a good job capturing the start of XLM's previous rally.
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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.