I am proposing a leading diagonal (wave 1 & 4 overlapping) in a larger degree wave 1***. So if today's low holds, XLM should take on an even steeper angle upwards and accelerate into new highs. This being a crypto bull market, accelerating into new highs is not an especially bold call, but I think the structure of XLM is clear enough that Elliott wave is an informative tool for some crypto pairs, and if my analysis is accurate, XLM is presenting a fantastic buying opportunity.
The bigger picture is crypto pairs don't usually take off on their own in large corrections, likewise I don't expect to see XLM green in. a sea of red, so seeing this structure in XLM is, in my opinion, a signal that altcoins are about to see a major push.
***I am aware that there is more history and even larger degree waves for XLM, I am just analyzing what is on the chart
The bigger picture is crypto pairs don't usually take off on their own in large corrections, likewise I don't expect to see XLM green in. a sea of red, so seeing this structure in XLM is, in my opinion, a signal that altcoins are about to see a major push.
***I am aware that there is more history and even larger degree waves for XLM, I am just analyzing what is on the chart