Hey what's up guys! Here is XLM, and what I believe to be the elliot wave count so far. This is just an idea and not financial advice.
If I'm wrong, and the triangle breaks to the downside, I would say that XLM will be going into the $.25 range. If this happens, I will
re evaluate my count and decide whether to pick up more XLM on the dip, or see if we are indeed in a trend reversal. If you decide to
go long now, make sure you set your stop loss. If it were me, I would wait for a break of the triangle with high volume and wait for a pull back.
Good luck guys!!
If I'm wrong, and the triangle breaks to the downside, I would say that XLM will be going into the $.25 range. If this happens, I will
re evaluate my count and decide whether to pick up more XLM on the dip, or see if we are indeed in a trend reversal. If you decide to
go long now, make sure you set your stop loss. If it were me, I would wait for a break of the triangle with high volume and wait for a pull back.
Good luck guys!!