Se7enSkies

Se7enSkies

While the expectations are to break above the triangle and a bullish continuation, price is testing the support right now and the longer it stays there the more chances of it breaking down and since this is a very important support trend line, the fall could be a hard one to catch, in other words, breakout of the triangle or there will be a river of blood and tears.

Se7enSkies

Everyone can see the double top and it will only be confirmed if we close below 66.5k Easy to spot the broadening wedge headed to the 50-52k support. Another reason for bearish sentiment is that way too many scammers (crypto expert accounts) on trading view and Twitter have been selling you a fake alt season to dump on you. All of these signs point to a drop to...

Se7enSkies

While scammers spread hopium on Twitter and trading view, XLM has not given any bullish signals, not one. In fact, XLM has been rejecting almost all resistance level and cannot break above them. A potential target could be a triple bottom shown in chart.

Se7enSkies

Price needs to close above this trend line in order for the hope of a bull market for XLM to stay alive, otherwise back to 7 cents. Hold and get rekt.

Se7enSkies

They sold you the idea of alt season you believe them and they dumped on you. Somehow there are still idiots who think XLM is in a bull market. Where’s the bull market exactly? I’ve been looking for it for 3 yearz.

Se7enSkies

According to this chart gold is in a downtrend against silver. Price may be trading within a descending channel. If price follows the path of this channel, then I expect a 30-35 Gold/Silver ratio. I bought some silver today and it brought me here to see what’s going on with the ratio. Silver is lagging behind I get it, but it will catch up and outperform gold in...

Se7enSkies

I see silver moving according to this scenario. I will only sell some of my silver when hit 50-60 dollars. I believe once we hit those levels price will go down and then sideways for sometime (1-2.5 years) and ill be buying more around 40 dollars.

Se7enSkies

I’ve redrawn the trend line, it looks like there’s still life in turtle coin, but the lower highs are not making anything easier. A breakout is needed or price has to visit below the support trend line. The selling pressure means people have given up on this project and the only thing that can save XLM is big money from whales (I’m talking about tens of billions...

Se7enSkies

You clearly see a broadening wedge and I hope you’re not blind. If you’re not blind you will also see that price has broken below the wedge and price is trading below the support line. I want to be bullish on XLM like the rest of scammers posting bullish ideas on XLM without taking into consideration the reality. I have posted many XLM bullish ideas, but all of...

Se7enSkies

When we look closely at the midline of the channel, it becomes obvious that price is struggling very hard to break above it and it’s a reasonable to take the bearish case into consideration. It will be a bit dangerous the closer we get to the support around 65k. A close above the midline and a successful retest of the midline is gonna convince me that we will not...

Se7enSkies

Price is clearly trading within an ascending channel. If you look at where the price is now, it looks like it is getting rejected by the midline. On the other hand, it looks like price is trading according to Elliot wave structures with waves 1,2, and 3 having been completed. If the price holds here and acts as support then we can conclude that wave 4 is over and...

Se7enSkies

XLM keeps on getting raped for now. XLM has another hour to close above the orange support, otherwise it may be the new resistance to deal will. So far XLM has been getting crushed by every single resistance level and everyone keeps on posting bullish ideas to spread hopium without paying attention to all the supports being broken. We all want XLM to form a real...

Se7enSkies

So many people are waiting for an explosive XRP, bull run. This chart looks like XLM/XRP wants to breakout of the symmetrical triangle. If that happens and the xrp bull run happens, then imagine what XLM will do. I have no evidence that we will see a breakout, but the weekly RSI and a similar symmetrical triangle in the past indicate that it’s a possibility for...

Se7enSkies

Price has to hold above this trend line otherwise back to the green level support area.

Se7enSkies

I drew an ascending triangle yesterday expecting a leg up if we didn’t break below the support line. Price did a fake breakout, then broke down from the support line then went back above the support and trend line. What a rollercoaster.

Se7enSkies

I’m trying very hard to be bullish on XLM, but it’s just rejecting every level. If it does not manage to break out from this trend line we will soon be back at 0.10 and even lower levels if we close below the 0.10 mark.

Se7enSkies

Price has formed an ascending triangle on the 45 min chart. A breakout attempt was made but turned out to be fake, so price jumped right back into the triangle below the resistances. A breakout above this resistance and a successful retest can take us to 70k-71k. The idea will be invalid if support is broken and price closes below the support line.

Se7enSkies

A break out from this falling wedge is gonna send the price straight to 4.8k as the initial target. Price could go way beyond the ATH, but for now a conservative initial target of 4.8k is reasonable.