If the PA (price action) is fitting for the short in this zone I will take it.
Scenario 1: Wave E ends on the 35-36 area. Pink line is the longterm trendline.
Scenario 2: XLM probably wont follow this, if it does it means that it will break the long term trend line (pink), and the upcoming corrective wave will end in the 32 area which would match the .618 fib.
Scenario 2: This is another look at the pattern. If XLM follows this pattern it means that it will break the long term trend line and this would be bad for XLM. If it does follow it, the upcoming corrective wave will end in the 32 area, which would match with the .618 fib. I hope XLM -4.32% will not follow this but I will keep posting multiple scenarios because we...
BTC looks like it is making a nice ABCDE correction. Wave E should end around 6600 which would match the 0.618 FIB.