- The fourth impulse wave seems nearly done.
- If there isn't a wave failure, the fifth impulse wave will produce higher lows and higher highs, thus a complete reversal and change in the trend is possible.
- Trade carefully.
- XLM/BTC has done creating its fourth wave and is now trying to complete the fifth wave.
- Unless there is a failed wave which seems very unlikely, the price action does suggest an upward movement.
- The 5th impulse wave could form an inverse head and shoulders pattern thus extending the possibilities of higher targets.
- The target range could be anywhere...
- The bearish XLM/USD monthly chart has completed all five waves.
- There is no such thing as going up or down forever, the market needs to correct at some point of time. So, it's high time we see a (n ABC) correction wave up or a full reversal.
- Price target of 14-16 cents range is not only likely but also achievable.
