Hello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! XLMUSDT : Possible elliot count was shown in the chart. please note that at wave 5 we have an ending pattern with a divergence between the price and MACD oscillator. the evidence support an idea of possible upside short term trend. the price breaks the ending pattern and triggers the long position. please remember any analysis can be failed. so, manage your risk and respect your stop loss.
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As I expected, the price moved upside to the strong resistant zone and the price rejected from the resistant that is shown on the chart.