Se7enSkies

Se7enSkies

Gold 4H RSI shows a hidden bearish divergence. The chart itself shows a symmetrical triangle with strong support around $1,880-$1,885. I expect a drop to that level and then a jump upwards from the support level. If we break below the support we can expect the price to keep going down short term.

Se7enSkies

H&S on Silver 4H chart

Se7enSkies

Gold forming a 10 year Cup & Handle.

Se7enSkies

Gold 1H chart shows a rising wedge (a bearish pattern) and there’s a double-top (bearish pattern) on the Hourly RSI indicator. Usually bearish signs on the 1H chart lead to a short-term bearish scenario, but Gold has not been giving 2 sh***s about bearish signals the past few weeks.

Se7enSkies

Reverse H&S on XRP has been forming since May 2018

Se7enSkies

XRP seems to moving in this ascending channel. If we break below the channel then I’m not gonna follow this plan. This is a very long term trend and it’s not worth my time to be looking at short term trends. If we follow this trend then there’s a lot of money to be made. Unlike the buildup to the first bull market I see much more fluctuations. In 4 years ( from...

Se7enSkies

A reverse H&S has been forming since July 2011. We are in July 2021. This reverse H&S has been forming for 10 years and we are towards the completion of this pattern. I don’t have a target I just know upon completion of this pattern we will continue the bull market. I will know my sell target once I detect a reversal bearish pattern on the weekly and monthly...

Se7enSkies

My plan for making money on DOGE is this. If this doesn’t play out then I will change my plan. I don’t intent to make money on DOGE tomorrow or even the next year. I’m not in a hurry. If the charts and indicators become bullish in a shorter timeframe then then I will have to put more time into researching and studying this chart.

Se7enSkies

If we don’t break above that triangle and go down then the next stop will be around $19k if we don’t have a bug bounce from that level $12k-$13k will be next, but prices lower than those levels are difficult to comprehend at the moment.

Se7enSkies

If symmetrical triangle means continuation of the trend then we should break above this triangle as shown and if that doesn’t apply here right now then breaking below this triangle signals more downward movements until we form a reversal pattern.

Se7enSkies

This chart clearly shows that we have broken above the descending channel formed on the weekly chart.

Se7enSkies

Gold has to touch $1,900 for me to be convinced that this is a huge reverse H&S, and if the pattern forms then I believe we will launch a rocket to new ATH.

Se7enSkies

#1) I see a bearish hidden divergence on gold 4H chart and RSI #2) because of #1 I believe Gold will retest $1,785 support level. #3) Upon touching $1,785 we will have to see whether we will form a bullish reversal pattern on lower timeframes. #4) If we cannot find enough reasons to believe the price will bounce at $1,785 then we can expect the price to go as...

Se7enSkies

Breaking above this triangle will be extremely bullish for Gold.

Se7enSkies

H&S on XRP Weekly RSI

Se7enSkies

Gold 4H RSI shows a H&S-like pattern, but I cannot confirm it yet.

Se7enSkies

Gold hourly RSI is in a descending channel. I expect a little correction before going up.

Se7enSkies

Potential H&S on Gold 4H chart.