The analysis is on XLMUSD in the 4-hour timeframe. A B-wave low was established in April. The current upward movement is considered a C-wave, potentially forming an internal fourth wave pullback. The fourth wave is deep, testing the 50% retracement level. A break above 0.43 is needed to indicate a bottom, after which a fifth wave should push the price higher. If the price breaks below 0.34, the structure turns into a diagonal pattern, indicating an ABC corrective structure instead of an impulse. The 50% retracement level helps differentiate between the two potentials. A key resistance level is at 0.47, the high of the B wave. On the larger timeframe, there is a trendline that could provide dynamic resistance. However, it cannot be ruled out that all of this is a triangle. The support level on the smaller timeframe will help to confirm this structure.