- Wave 5 reaches the height of 1.618 x the height of Waves 1+3.
- The decline of Waves 2 and 4 alternate as according to theory.
- There is a regular correction following the Wave 5 peak.
- Wave 2 retraces ~23.6% of Wave 1; Wave 3 extends just over 1.618 x Wave 1.
With this in mind, I project Stellar Lumens XLM hitting 1.618 x Wave 1-5, reaching finally ~9500 satoshi or ~$1.26 relatively soon.
Full disclosure: I'm brand new to TA and have no background in analysis or finance. This is my first published chart.
As such, please don't act based upon my ideas, but please do let me know how I can improve!