XLM has shown some resilience here, wicking down into the demand area when Bitcoin and other are having deeper pullbacks. I've struggled making sense of this Elliot Wave count. I'm recently re-reading a Stellar trading book [ haha, see what I did there ;-) } that has a small section on Elliot Wave. The author offers a great reminder to not get overly caught up...
We are finally coming out an extended period of consolidation which took shape in the form of a contracting triangle. With tons of Volume today in the Asia session we broke through the upper trend line of the triangle and hit massive selling pressure with a big spike. Price action has come back down to the break out point for a retest and is finding support! ...
