SforShiraz

SforShiraz

The only way XLM can have a bullish rally is to hold above the blue trendline and create multiple strong green candles. price has been able to hold above the blue line, but has not been able to produce a strong bullish reversal. if a reversal does occur, 38-40 cent is achievable.

SforShiraz

Price looks like it is trading within a descending triangle. XLM has two options: 1) a miracle happens and it breaks above the descending triangle, or 2) break below the yellow support and further test the blue support line where many traders will post bullish ideas so people can buy and they can sell.

SforShiraz Updated 

If we lose the orange support, next target is the green support. some say this is the perfect time to accumulate, but why would people accumulate when there is not one single bullish signal on the chart?

SforShiraz

Price is trading within a symmetrical triangle. if price wants to touch the upper trendline (resistance), then it must hold the price above the green area. breaking below the green area can send us back to the bottom trendline (support)

SforShiraz Updated 

Bearish divergence is written all over ETH daily chart and RSI, meanwhile the so called crypto experts on twitter are screaming "ALT SEASON". do not let them brainwash you. do not let them scam you. they pretend to share their "knowledge for free". nothing is free. they want to dump their bags on you.

SforShiraz Updated 

so far price has been able to hold exactly at support level, if we lose this support, the support around 65k could be next. a reversal is crucial here for a wave 5 completion. wave 5 could extend above the ascending channel tuning the upper trend line of the channel into support for retest. if DXY keeps rising and btc drops to 65k things can get a little ugly with...

SforShiraz

DXY is trading within an ascending channel. if DXY holds this level and heads to the top of the channel, then BTC will breakdown from the ascending channel it is trading in (you can see my post). There is no chance both of them will continue to rise toward the top of the channels. either btc will break down or dxy, and so far dxy has shown more strength.

SforShiraz

A double top confirmed by the bearish divergence on the 4h RSI. looks like silver is about to get crushed again for a few weeks.

SforShiraz

Look at all the bearish divergences on the chart leading to massive sell offs, but somehow you are made to believe by the scammers on trading view and X to keep buying and accumulate so they can dump their bags on you. this is not rocket science, it is a simple idea. you get bearish divergences on the RSI, selling pressure follows. I'm not saying this is the case...

SforShiraz Updated 

While people are busy posting bullish ideas, i'll share what people refuse to see and accept. this is a 4h chart, price has broken down below the support line, price has failed to go back above it, and the next support level is shown in orange color. while the uneducated say that the bottom is in, i do not approve or reject this notion, all i know is what i see in...

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.