Amphernee

Amphernee Updated 

Well, it's very interesting to see that a cup and handle formed on the 4 hour time frame. This lends even further evidence that the shorter timeframe trend will be positive. Looking for a target around 79-81, based upon the depth of the cup, then maybe some cooling off, and then continuation of the uptrend towards my higher long term targets in the 160...

Amphernee Updated 

this is a better view of the two bullish engulfing candle patterns I was discussing in my previous chart analysis. Trade Safe!

Amphernee Updated 

Here's my analysis: 1. HUGE Falling wedge (bullish) (green lines) 2. my previous Cup & Handle analysis still in play (bullish) (orange line is bottom of cup handle trend) 3. volume looking good for continuation of recent uptrend (on daily) 4. MACD about to cross zero, and widening its separation from the signal line, but could reverse at any time with downward...

Amphernee

My previous analyses are not invalidated yet (although I'm running out of patience). I have decided to add more supportive analysis to my chart. So, by their very structure, Cup and Handle formations have either a channel or falling wedge as their handle. I still see a solid falling wedge. I have added monthly,weekly, and the most relevant daily S/R. A...

Amphernee

While my prior cup and handle pattern is still a distinct possibility (the handle is still drawn on this chart), I was looking at the chart on a log scale and noticed that there is a nice Adam and Eve pattern which appears to be forming. What I can't answer is what the target would be if the log scale is on. The target is supposed to be the distance between the...

Amphernee

So I have been looking at my previous trade analysis... I think it is still valid, although it is so painful to be waiting through this bearish period. I had previously estimated based upon the chart the narrowest "handle" but now on the updated chart, there are some potential options. The Orange line seems to be a bottom trend line. The Red line is what I...

Amphernee Updated 

Really liking the look of this right now. I don't know why I haven't seen more charts like this. MACD might be showing a bullish divergence, downward volume pressure just starting to lift, and what a beautiful cup and handle! I really hope this plays out. R:R is over 3.

Amphernee Updated 

Setup: Ascending Triangle. If breaks up, maybe we'll see a trend reversal? If it breaks down, new YL and continuation of trend. Hoping for a break upwards... seems like there is more room to move, but this is a strong bear downtrend that will need to be reversed first.

Amphernee Updated 

Scenario: the very long downtrend/descending wedge finally broke upward with a spike in volume creating a Bullish pennant. Is this breaking the downtrend? Another smaller descending wedge (with breakout) now appears to be creating an inverse head and shoulders, which also indicates reversal.

Amphernee Updated 

Scenario: Watching it see if a 3 drives pattern will play out on the chart

Amphernee Updated 

Supports and resistances for XLM. Looking like previous support is 3545. Broke prior resistance at 3570 now a support? watching to see if it breaks 3600 resistance.

Amphernee Updated 

previous Elliott wave drawn with time between correction phases too short. Readjusted wave, but so far proposed setup still in play

Amphernee Updated 

Previous setup confirmed, falling wedge, breakout. Testing Elliott Impulse Wave (tweaked the wave a couple times)

Amphernee Updated 

previous call: falling wedge call confirmed. watching for top of breakout