Stellar (XLMUSD) has been trading sideways for the past eight years, which appears to represent a large-scale consolidation within a bullish ABCDE triangle pattern as part of wave IV, before a potential continuation of the broader uptrend into wave V. Such triangle structures are typically terminal corrective formations that resolve in the direction of the prevailing higher-degree trend once completed. In this context, the potential completion of wave E may be signaling the end of a prolonged consolidation phase and the early stages of a new impulsive bullish cycle.
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