This is an update on my previous post on XLM/BTC. This includes my predictions for price targets and possible buy points for the final Elliot Waves. Based on the first wave correcting at 0.5 fibonacci level, i estimated wave 4 to be around the same. Then wave 5 may hit the major resistance at the previous high. Also, when i looked at the RSI i noticed it was nearing the oversold area which could potentially mean a reversal coming to end wave 4 and begin wave 5.
Feel free to comment anything wrong with my analysis and let me know what you think!
Feel free to comment anything wrong with my analysis and let me know what you think!
Kommentar:
Looks like the issues with bitcoin and tether right now have had a big downtrend in the market. Since bitcoin is dropping these analysis' wont be as accurate because of how bearish the market is right now. We need to see bitcoin hit bottom and start to rise again.
