has a strong long term potential and I've previously recommended it as a long term hold. We are now approaching the 5th wave which also corresponds with the 1.618 fib level as shown the chart above. The tip of the wave represents the highest peak; selling before the peak is recommended to secure a profit or setting a sell under the high is also wise. If it makes its way to that high then 8000 sat is a good point I would aim to sell before the correction so you don't miss out due to a volatile market. We are now finished with the ABC
correction and xlm
is following through with its horizontal oscillations as seen in previous highs. After the 5th Elliott wave
we may not see this horizontal oscillation again for some time and it is not recommended to hold through the drop. XLM
is still a good long term hold, but if you want to maximize your profits moving into another coin after would be a better bet then wait for xlm
to correct to buy back in.
Attempting to see if it will follow the fib levels projected as an experiment, but it should still arrive at the 8000 sat level regardless.