Se7enSkies

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.

Se7enSkies

A breakout above the ascending channel is going to be explosive for gold. In this market condition even if price rejects the top of the channel it will still be able to find support and climb back above it. Considering gold is in a bull market, I don’t think it is a far fetched idea to expect the price to go levels beyond this channel.

Se7enSkies

Clear rejection of the green area (resitance) so far. Back to the support level and it’ll be very telling where the next target is. Breakdown below the support and we will se the lower support level, a bounce on the upper support trend line might be a sign of attacking the green area again.

Se7enSkies

Wave 1,2,3, and 4 are complete. Wave 5 in the making. I believe 161.8% of wave 1 is a legitimate target for this cycle top.

Se7enSkies

Ignore the target on the chart (it’s just hookup), but please do study the parallel trendlines. I really think they are legitimate and backed up by price reactions. Some of these trendlines have the potential to be resistance or support levels, so it’s handy to keep track of them when price gets close to them to look for a breakdown or a breakup.

Se7enSkies

A nice rebound from the 57-57k area, but the more we visit the current support on the upper trendline the less credible it becomes. An important level indeed.

Se7enSkies

This is a clear breakout from the descending channel or the downtrend whichever you want to call it. Furthermore, a healthy retest can ve spotted as well. Only time will tell if this retest if legit. Next target in my opinion is 66.5k.

Se7enSkies

1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.

Se7enSkies

If xrp hits 44 dollars by the end of the cycle and this chart plays out then XLM could be worth 59% less than XRP, which is still a higher ROI than XRP, but I really don’t know if this scenario will happen or not. If someone could take a look at this chart and expand on the idea it would be nice.

Se7enSkies

In the real world, a patter like this should not exist. But this broadening edge suggests that an XLM to BTX ratio could be 0.00037, which means that if this happens when btc is at 140k then XLM would have to be at a staggering 53 dollars, which means its market cap would have to be at 1.5 trillion dollars. This is too much. This will never happen in the next...