SforShiraz

SforShiraz

1) I think this is a rising wedge looking at it from the hourly chart. 2) my short term target is 61.8% Fib retracement level 3) 61.8% level can act as support 4) I don't care if you do your own research, I just know if you treat my ideas as a guide for your trades, you'll go bankrupt. 5) I don't give a hoot if you end up bankrupt, so don't privately message me...

SforShiraz

1) Price is currently fluctuating toward the end of wave 1 of 5 elliot waves. 2) I expect a correction to 50% fib retracement level. 3) I think the 50% level is very important, because it coincides with a very Halaal trend line that started this bullish move. 4) Apart from that the 50% level men 37k-38k and a retest of this level will give the big buyers enough...

SforShiraz

1) I want you all to see how beautifully how not long after breaking out of EMA 150 price pulls back for a retest. 2) The breakouts are shown with black arrows and the retests are indicated with blue circles. 3) Many are expecting strong support around 31k-32k and if price pulls back to this support level it will fall exactly on the EMA 150 trend line. 4) The...

SforShiraz Updated 

NOTE: This is an inverted scale chart of btc. 1) Formation of Inverse H&S is possible. 2) from the inverted chart a bottoming pattern is forming, which means in the actual chart price is forming a top 3) i was expecting the top to form a lot quicker, but it looks like price movement is moving toward resistance and supports very slowly.

SforShiraz

1) There is an established support trend line 2) If BTC drops to around 31k there's a high chance XLM price will fall back on this trend line. 3) there's also a chance for the XLM price to fall to 78.6% retracement level

SforShiraz

1) Price clearly is battling with resistance at $35.6k 2) If we close below the $35.2k support level, then price can temporarily visit $34.6k support level. 3) When 2) happens, then $35.2k level has the potential to act as resistance and if price fails to rise above this level, the price will be sent down to $34k support level. 4) If the sellers panic, then the...

SforShiraz

Just a thought. this could really be a H&S unfolding and i think we're heading to below $36k.

SforShiraz

1) Price failed to stay above the upper trend line and establish support. 2) Price is back in the ascending channel and there's a high chance price will visit the lower support trend line. At least we know we have strong support there. 3) Price needs to react by forming multiple giant green candles once we touch the lower support trend line of the ascending...

SforShiraz

1) The bull run from 2020-2021 was Wave 1 and the price reached $0.8 2) Wave 2 was the bear market that followed and the price corrected back to $0.07 3) We are in the middle of Wave 3, and I anticipate that Wave 3 itself will play out as a 5 Wave structure. My target for Wave 3 is 161.8% of Wave 1, which translates to around $4. 4) I SPECULATE that unlike Wave...

SforShiraz

I would like to put my focus on this resistance trend line that now has a very high potential to become our support. Personally, I will wait for the price to retest this level and buy upon confirmation with a nice green candle. I believe we just completed 5 Elliot Waves and I'm expecting an ABC correction, where price would fall on the past resistance line and...