XLM is almost done with the ABCDE correction on the 4 HR chart, MACD is about to switch towards bullish and so is the histogram, RSI is low enough for another run upwards.
We can expect a breakout soon which will kick off the 5th Elliot wave. I have tried my best to use the Fib extension and Elliot waves to assume that the 5th wave could go above the 1.618 Fib levels considering the 3rd wave was bigger than the 1st wave (> 1:1). I would really appreciate the inputs of people who are more experienced in analysing charts.
