Se7enSkies

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...

Se7enSkies

What you see in this chart is 2 resistance levels that are acting as support now. For this bull run to continue price needs to hold above the blue support level. It is also possible for the price to pull back to the red support level, but I would say it is improbable given the two 4H candle printed on the newly established blue support level. This chart also is...

Se7enSkies

Before explaining this chart I would like to ask whoever is looking at it to zoom in and study all data points (price reactions) touching and crossing the parallel lines. Parallelism is one of the most simple things in math that we learn in elementary school, but the impact of parallelism on human life has been underscored. By looking at the lines the first time,...

Se7enSkies

There are kids on trading view claiming with absolute certainty that ETH is bearish. They may be right, but only after breaking down below the support level, which price has held onto pretty good so far. A wise man once said: sell the resistance, buy the support. There are people on this app spreading propaganda to convince you to sell when price is playing with...

Se7enSkies

The pink level used to be resistance. Now it’s our support level and it has held pretty good so far. Going below this pink level is the danger zone, but so far so good. As long as price holds above this level, the market remains bullish. It is not rocket science and you don’t need to bombard the chart with lines and numbers.

Se7enSkies

I don’t like posting on trading view anymore since it is infested with illiterates sharing their charts. Look at the break out. Look how previous resistance has turned into support and then go teach your uneducated crypto gurus about break outs and breakdowns. The chart speaks for Itself.