TheMacroPlaybook

XLMUSD LONG TERM ELLIOT WAVE COUNT

Long
BINANCE:XLMUSD   Stellar
My thoughts around XLM right now is that the bottom is in therefore I have backtracked and plotted my subjective wave counts.

The 5 waves within the initial first wave with the ABC correction within wave 2 seem to be completed. Wave 3 looks to have potentially started.
Comment:
Price has hit resistance at the 100 3D MA and has pulled back nicely into the 61.8% golden ratio which may indicate the next leg up within Wave 3.

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