Se7enSkies

Se7enSkies

Only a weekly close above 4.1k can confirm a reliable cup & handle pattern. Some may argue that a weekly close above 3.7k would be enough for the confirmation of the pattern, but I’d rather stick to 4.1k just to be on the safe side.

Se7enSkies

This is more of a warning rather than an analysis. Many holders are shaken right now, and it’s normal. You are in a volatile market and non of us can predict the market. Technically speaking, OXT has broken out of a very long term downtrend and is now retesting support. I believe there is hope and there is a lot of it as long as price manages to stay above this...

Se7enSkies

I just made up an ascending channel. Like always, I don’t even know if this can be called an ascending channel or not, but I’m gonna assume it is an ascending channel and I think price is heading straight to the top of the channel. Price may surpass the top of the channel, but that is up for debate. Price may face resistance once it reaches the top of the channel...

Se7enSkies

Don’t hate me. I’m just speculating. I shared a post about this ascending channel before. Looks like price is resisting the top of this ascending channel. I plan to buy the midline, if price ever goes to those levels, but I’m also kind of not sure if price will tear through the top of the channel or head back down to the midline to find support there. Anyway, I...

Se7enSkies

This is just a speculation, so don’t get mad. I have no real evidence to back up this scenario. I’m just playing with Fibonacci levels and the 0.5 fib level is taking us back to the 23-25 cents, where price resisted first but then found support and broke out of that level. Would be a nice price to buy for those who missed the rally, but I’m really not sure if we...

Se7enSkies

Price has found support on the weekly on the lower trend line of the breading wedge. I expect price to visit the top trend line of the broadening wedge which is about 33 cents which is about a 280% increase. Low market cap with increasing volume is a good sign. On top of all that, the chart has formed a massive inverse head and shoulders which increase the...

Se7enSkies

Price managed to reclaim territory at the top of the ascending channel and is now facing resistance. If price manages to break above this channel and hold support then the next target after that could be previous all time high. But for now price is battling with resistance and there’s a chance it might go back down to the bottom of the channel if price does not...

Se7enSkies

This is a beautiful example of an ascending triangle and we all know ascending triangles are usually a bearish pattern. The interesting thing is price broke down below the support trend line but managed to break out above it right after and hit the resistance line of the pattern. Now price is seeing rejection again. Realistically, there are always two scenarios. A...

Se7enSkies

I posted an idea about a potential ascending channel yesterday. I changed the way I drew the ascending channel. I’m still not sure if this could be called an ascending channel or not. I’m just playing with the chart here. Anyway, let’s assume that it is an ascending parallel channel. Price needs to hold itself above the support line of the channel. You can see...

Se7enSkies

Difficult to call it an ascending parallel channel because there aren’t enough data point, but let’s go ahead and call it that for the sake of simplicity. Price has clearly broken below the ascending parallel channel, but the interesting thing is that price is trying to force itself back into the channel even though the support line of the channel is now acting as...

Se7enSkies

Price seems to be struggling to create higher highs at the moment, but at the same time it has held onto the orange support level very well. The more price heads towards the orange support level the higher the probability price will break below the orange support and head to lower support levels. Now if price manages to hold here and creat a mini parabolic...

Se7enSkies

Btc dominance is nearing the top of the ascending channel and for an alt season to occur dominance needs to get rejected at the top of this channel which is around 62% BTC.D has been in an uptrend for 2 years, two months, and two weeks slaughtering Alt Season from left and right. I think the top of this channel will be crustal for Alts. I suggest people waiting...

Se7enSkies

The market is too volatile for me to trade here. I’m an observer at the moment. Not touching anything because I’m a terrible trader. So, the plan that will work for me and the plan that I have been waiting for over 400 days is to wait and sell the red line and buy back at the green line. I’m getting tempted to open up some trades here, but I’m gonna stick to my...

Se7enSkies

By looking at the price growth since 2023, I have concluded that among the top 50 crypto projects (based on Market Cap), XLM has been one of the worst performing “assets” this cycle. I still have hope that it would be a good long term investment. For XLM to be in a bull market, price needs to cross above the orange support line, which may act as resistance first,...

Se7enSkies

According to 2H RSI bearish divergence, it is likely that we may see a retest to 73k. Sometimes bearish divergences don’t work on the RSI like the textbook examples we’re used to, but in this case a healthy pullback is needed for the vast majority of short term traders to open up their longs. For now my next target is around 73k. It is also important to mention...

Se7enSkies

BTC has absolutely hammered ALTS with its steady growth so far. Many of us expected an alt season a long time ago, but BTC has proven most of us wrong. With that being said, if there is an Alt season, then I think it’s going to take BTC.D down very hard. I knowledge the power of BTC, but I still think an Alt season can send Bitcoin’s dominance down to 30-33%. my...

Se7enSkies

Price tried to find support at the red area, it held on well for a short while but price broke below the weak red support area. Price will probably head back to the blue support level. If the blue support level does not hold, then there might be a lot of blood. Stay safe.

Se7enSkies

Using a trendline on the close of the weekly candles we can see a clear breakout. While price has broken out of the downtrend line, price is facing residence exactly at the previous high and a giant bearish weekly candle is printing. I’m 50/50 right now. This weekly candle can be the beginning of a very ugly bear market, but at the same time we cannot neglect the...