Meeeeh.... not sure about the text and colours, but whatever, please C&C

This is an excellent sig. You're right about the text though. It really doesn't fit in with the overall feel of the sig. The font for "Melancholic" isn't a good font for the sig in my opinion. Also, you should shift the text up just a smidge so it doesn't cover the arm.

But other than that, its really good, especially the colored one.

Just not feelin it tbh, top right/left dont look good near the edge of sig either.

I like the colored one w/out the text. It doesn't look right. But other than that, I like them all.

I agree with Never Ending Darknes, the colored one without the text looks great and the lighting is done well.
Good job!