SforShiraz

SforShiraz Updated 

just take a look at the RSI movements on the chart. ill update this chart with RSI movements of 2023-2024.

SforShiraz Updated 

This structure could be morphing into a Head & Shoulder. it definitely looks like one, but i will wait first for price to hit the neckline to confirm the structure. would not surprise me if price forms a lower low. the entire crypto has at least made a move to show that we are in a bull market. looking at xlm (turtle coin) chart, the only thing that comes to mind...

SforShiraz Updated 

Turtle coin has broken out of the downtrend, and has found support right above the trend line. good news, but this asset is still acting like a baby turtle. too slow and getting rejected way too many times.

SforShiraz

here you see a clear breakout and a successful retest. about time this slow turtle speeds up its price movements. its only bull season for this turtle if price closes above 1 USD.

SforShiraz

6.5 years and -98% later, XLM is still getting r***d by the BBC, oh sorry, i meant BTC. no sign of reversal on the RSI. Breaking below every support level. last chance is the bottom support line and if it goes below that level, XLM might be in an eternal downtrend against an asset with declining ROI per cycle.

SforShiraz

Turtle coin struggles to break above every resistance level. there will be no sign of a healthy breakout to the upside as long as xlm behaves like a slow zombie. for the past 6 years the only thing xlm has been good for is breaking down below support levels and getting rejected by all resistance levels. i might keep posting bullish ideas for this coin to inject...

SforShiraz Updated 

Support and resistance levels are shown in chart. target 1 is 65k.

SforShiraz Updated 

The scenario i have drawn with the arrow is extremely optimistic, but i think my triangle is legitimate as they come. if we can touch the top of the triangle then 40 cents is the new support level. as of now everything and every price is acting as resistance, hence one of the most undervalued assets in this cycle.

SforShiraz

It looks like a 5 wave structure to me. Wave 1 was extended to 178.6% of Wave 3, and considering Wave 3 is not gonna be the shortest, I've set a target of 78.6% of Wave 3 for Wave 5. Wave 5 target is compatible with the midline of the top ascending channel. According to this analysis, the crypto market cap target excluding top 10 is two point three trillion dollars.

SforShiraz Updated 

XLM market cap would have to climb up to over 1 trillion dollars for the price to reach over 50 dollars. XLM is not going to these prices anytime soon (maybe 15-20 yrs later). it's just that a 161.8 % of the super wave 1 gives an estimate of 53 dollars and these parallel trend lines align with each other so perfectly that makes it look like it is a possibility for...

SforShiraz

LTC has the potential to pull out a 50x move this cycle. 1.618 of the previous wave gives a target of about 4.2k 4.4k for this asset. a 50x move is gonna push the total market cap to over 300 billion dollars which is way too much. that's the only source of doubt i have about the 50x target.

SforShiraz Updated 

This one looks like a broadening wedge to me, however the speed at which XLM's price has been unfolding is disgustingly slow and boring. Just in case if price tends to visit the top of the broadening wedge again, it is gonna be a 70-75 cent target, which is a massive resistance level.

SforShiraz

all i have to say is: XLM, you useless piece of HORSESHIT

SforShiraz

This is a very simple chart. Broken support, broken trend, retest of broken trend. This may lead to a downtrend in ETH dominance, but not downtrend in ETH price as we are in a bull market. this is bad news for ETH moonboys waiting for this asset to overtake BTC in market cap value. markets are irrational, so this chart could be invalidated anytime soon if...

SforShiraz Updated 

XLM really needs to stop acting like a little bitch and break this resistance.

SforShiraz Updated 

XLM is an underdog, it is undervalued, it is lagging behind. if price stops at every single resistance, then we will be stuck in time for eternity. and from what i see in crypto depending on the case, prices react to resistance levels very quickly in bull markets. that is why i am hoping xlm would stop behaving like a desert tortoise and start to react to...

SforShiraz

I speculate that a cup & handle formation is playing out here. based on this chart pattern a medium term target of 40-42 cents a piece is a legitimate and reachable target.

SforShiraz Updated 

A 10% pullback mixed with some crab-like movement would not be surprising at this point. while we head back to 47k you will see many posts about an imminent crash. they're the people who haven't bought btc and want to have it their way and buy at 25-35k prices. i won't rule out pullback to support levels, but i also don't buy the crash posts. I don't have any btc...