Se7enSkies

Se7enSkies

The idea of a potential H&S will be rejected if we don’t break down below the triangle.

Se7enSkies

H&S on the daily chart has formed. I expect the price to get close to the support line. We may face some resistance at 0.77

Se7enSkies

Possible Gold RSI movement (scenario 2)

Se7enSkies

Possible RSI movement (scenario 1)

Se7enSkies

I don’t see a reversal pattern on the daily chart, so I made one. I’m only going to wish that this will play out.

Se7enSkies

1) double-top on 1H RSI + overbought 1H RSI 2) Triangle hints at a drop to below $1,770, but we need to stay above $1,763 to believe the Bulls are controlling the game. 3) If this scenario plays out it will complete the formation of a reverse H&S on the hourly chart.

Se7enSkies

There’s a triangle forming on 1H Gold chart and with the the hourly RSI being overbought and having formed a double-top I believe there is way for a little drop before the bulls take full control. We want to stay above the lower trend line if we want the bulls to stick around.

Se7enSkies

I don’t have a strong proof that this scenario will take place, but I’m gonna keep hoping it does play out this way, since the hourly RSI is overbought.

Se7enSkies

Gold bounced exactly at the level supported by this trend line on the weekly chart. If we don’t go below this trend line then the bottom is in. And with the hidden bullish divergence on the daily RSI, I doubt that we will break below this trend line.

Se7enSkies

1) we break the resistance around $45-$47k and go higher. 2) we don’t break the resistance level and form a lower low.

Se7enSkies

Hidden bullish divergence on BTC daily RSI. $45k-$48k may still be possible, but I doubt it will be able to break the resistance ahead of it in those levels.

Se7enSkies

Gold formed a double-top exactly at a well established resistance level. I expect a pullback to $1,765-$1,775 level and a possible bounce from there to complete the formation of a reverse H&S. The 4H RSI shows a clear hidden bullish divergence, which makes me believe a move to the upside after the little correction is upon us.

Se7enSkies

1) Descending channel on the weekly chart 2) Hidden bullish divergence on weekly RSI

Se7enSkies

Descending channel on Gold/Silver weekly chart, but at the same time a hidden bullish divergence on the weekly RSI. Waiting for the descending channel to break upwards based on information from the RSI.

Se7enSkies

I see a double top on Gold hourly chart and also a double top on the hourly RSI. That may mean a little pull back to around $1,775 before continuing the bull run. Do you think we will see $1,765-$1,770 level before the continuation of the bull run? Type your opinion down below.

Se7enSkies

Hidden bullish divergence on Gold RSI daily chart. I hope we go to at least $1760 so I can buy some.

Se7enSkies

If we break above the parallel sideways channel then the first scenario will take place imo. If we don’t break above the channel for now, scenario 2 is possible.

Se7enSkies

XRP hodlers, there will be life after death...don’t lose hope.