Stellar XLM - Prepare your buy orders! + 0.618 FIB + Wedge
- XLM is very close to the 0.618 FIB retracement of the huge Impulse wave from 2020-2021.
- Also the price is close to a massive horizontal support line from 2020.
- I expect last wave to the downside to finish this downtrend and then I can see at least a retracement back to 0.25 USD.
- As per my Elliott wave analysis - an impulse wave to the downside is almost completed as you can see.
- If we take a look at the volume indicator, we can see there is absolutely no bearish pressure, which is always great to see.
- On the weekly chart we can spot a falling wedge - bullish reversal pattern and the price is currently near the support line.
- You can set a limit order to buy XLM at 0.0888 USD if you want to speculate on this move.
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