Moonbeam, known as GLMR, is turning bullish with clear five waves up from 2023 low, followed by a correction that is in progress now. It can be flat with subwave B hitting a resistance now, so be aware of lower C wave. Support is 0.42.
Comment:
Nice move up so far after that wave C down as expected. Looks like there is a chance for more upside now.
Comment:
GLMRUSD made a nice A-B-C expanded flat correction in (B)/(2) as expected and it's trying now to continue higher. Well, similar as XTZUSD, it can be now on the way within wave (C) or (3), which should be completed by a five-wave cylcle of the lower degree. So, after recent five-wave recovery from 0.40 into subwave 1, we should be aware of more gains within subwave 3, but ideally after current slow down in subwave 2 that can retest 0.50 – 0.48 support.
