usually when price breaks above a trendline, a successful retest is a pull back to the trendline and a violent buying pressure. we will assume that my trendline is correct. if xlm is really in a bull market, then upon breaking out of the triangle and a pullback to the trendline it had to print multiple green candles and hold support above the trendline. what we...
a close above the red resistance level is an indicator of the continuation of the bull market. a close below the green support line is just the market's way of burning everyone to the ground, which it has done many times. if you play with fire, you burn. if you protect your asset, you thrive.
this looks like a bearish divergence to me and a potential double top on the 4h chart. if you don't like it, it's your problem, but don't say i didn't warn ya.
there are illiterates on trading view scamming people into buying this chart. if you want to buy, go ahead and buy, but at least be a little reasonable before doing it. price just closed before a very important support, usually in these cases price goes back to the black trendline and turns into resistance and price drops again. it is only reasonable to buy if...
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.
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.
Usually when the bottom is in, price forms a type of a reversal or something. If you're holding xlm then you better pray to God it forms a double bottom here and forms a reversal, otherwise back to 7 cents.
This trend line is so simple yet so important for investors. above the trendline you will have your mini bull market. below the trend line where price currently is means XLM is in a bear market and you're only hoping for a bull market. as you can see, price broke above the trendline but failed to stay above it and broke down below the trendline continuing to be...
The chart is quite self explanatory. clear breakout out bear market trendline with a successful retest. this indicates that only now LTC has entered the bull market. a very delayed move but it has secured a place above the trendline with a solid retest. a good sell target is 220-240 dollars a piece for now, however my target for the top of this cycle for LTC is...
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)
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.
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?
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.
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...
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.
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...
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...
just take a look at the RSI movements on the chart. ill update this chart with RSI movements of 2023-2024.