SforShiraz

SforShiraz Updated 

XLM market cap would have to climb up to over 1 trillion dollars for the price to reach over 50 dollars. XLM is not going to these prices anytime soon (maybe 15-20 yrs later). it's just that a 161.8 % of the super wave 1 gives an estimate of 53 dollars and these parallel trend lines align with each other so perfectly that makes it look like it is a possibility for...

SforShiraz

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.

SforShiraz

LTC has the potential to pull out a 50x move this cycle. 1.618 of the previous wave gives a target of about 4.2k 4.4k for this asset. a 50x move is gonna push the total market cap to over 300 billion dollars which is way too much. that's the only source of doubt i have about the 50x target.

SforShiraz Updated 

This one looks like a broadening wedge to me, however the speed at which XLM's price has been unfolding is disgustingly slow and boring. Just in case if price tends to visit the top of the broadening wedge again, it is gonna be a 70-75 cent target, which is a massive resistance level.

SforShiraz

all i have to say is: XLM, you useless piece of HORSESHIT

SforShiraz

This is a very simple chart. Broken support, broken trend, retest of broken trend. This may lead to a downtrend in ETH dominance, but not downtrend in ETH price as we are in a bull market. this is bad news for ETH moonboys waiting for this asset to overtake BTC in market cap value. markets are irrational, so this chart could be invalidated anytime soon if...

SforShiraz Updated 

XLM really needs to stop acting like a little bitch and break this resistance.

SforShiraz Updated 

XLM is an underdog, it is undervalued, it is lagging behind. if price stops at every single resistance, then we will be stuck in time for eternity. and from what i see in crypto depending on the case, prices react to resistance levels very quickly in bull markets. that is why i am hoping xlm would stop behaving like a desert tortoise and start to react to...

SforShiraz

I speculate that a cup & handle formation is playing out here. based on this chart pattern a medium term target of 40-42 cents a piece is a legitimate and reachable target.

SforShiraz Updated 

A 10% pullback mixed with some crab-like movement would not be surprising at this point. while we head back to 47k you will see many posts about an imminent crash. they're the people who haven't bought btc and want to have it their way and buy at 25-35k prices. i won't rule out pullback to support levels, but i also don't buy the crash posts. I don't have any btc...

SforShiraz

This is how i think bnb will play out for the next few years and i dont have any evidence to back it up except these channels and repeated patterns. i think the same pattern as the last cycle is forming with the exception that this time its going to take much longer. in other words, history is repeating, but not the way we want it to or the time frame that we prefer.

SforShiraz Updated 

XLM is officially in an uptrend against XRP and the next major resistance stands at 0.37 ratio.

SforShiraz

Yes, everyone's bullish on XLM, but maybe we have to break some resistance levels for the bulls to take over. so far, xlm does not have the strength break through all the resistance levels ahead of it. long term, i've been bullish for a long god damn time, but we need to see xlm break these levels if we want others to jump in.

SforShiraz

I was playing with DXY chart and noticed a nice ascending channel that has been going on for almost 16 years. given the fact S&P 500 has broken ATH resistance level and BTC in a bull market i expect DXY to fall until early 2025, but if somehow BTC and S&P 500 form a bearish reversal, i would expect DXY to touch the upper trendline. if DXY falls to the lower...

SforShiraz Updated 

I hate XLM, but the long term chart looks good. I've never made money by holding xlm, which is enough warning for you to not take this idea seriously. there's a 5 wave game at play. we've completed wave 1 and 2. wave 3 target is 5 dollars. wave 4 target is 1 dollar and twenty cents. wave 5 target is 18 dollars. i have used fib retracements and extensions to come...

SforShiraz Updated 

XRP has clearly broken out of this symmetrical triangle and has successfully retested the breakout. a sell target of 2 dollars a piece is very likely. a pullback is expected after hitting this level and if xrp manages to hold above 1 dollar and 30 cents, i expect the alt season to continue. i also think people should pay attention to XLM/XRP Ratio for higher ROI.

SforShiraz Updated 

I see no reason to invalidate this structure unless we see more downward movement. Price has gone down almost 19% since hitting 49k. the same people who do not consider a 19% drop in price to be a correction are the same bitter people who did not buy at 20k-30k. looking at fibbonaci retracements, price is sitting on 23.6% support. it doesn't mean we can't go down...

SforShiraz Updated 

This is just a thought. I'm seeing a broadening wedge here that could take us to 61k and a 25%+ drop is imminent after that in my opinion. this is just a pattern and it doesn't prove anything.