Aerodrome Finance AERO

$0.7885-2.68% 24h

Lines are each pattern's own boundaries (support, resistance or neckline; grey = the pattern's swings), drawn only on the timeframe where it formed.

Minimum target (book measuring rule)Magee stop

Candles: Kraken, Coinbase.

Chart patterns

3-day bear flag · 4 testsBroke down · retested 9d ago4H
Ch 11: a short drift up on light volume after a near-vertical fall (the mast). Confirmed by a close about 3% below the line ($0.9001). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.7775 (a minimum, not a limit). Magee stop (Ch 27): $1.0441, 5% beyond the last minor top.

7-day double top · 2 testsFakeout 3d ago4H
Ch 9: two tops within 3% of each other, more than a month apart, with a dip of at least 15% between them. Confirmed by a close about 3% below the line ($0.8300). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.6945 (a minimum, not a limit). Magee stop (Ch 27): $1.0303, 5% beyond the last minor top.
2-month symmetrical triangle · 2 testsFakeout 38d ago1D
Ch 8: falling highs and rising lows converging, volume shrinking; the book warns it is the triangle most prone to false moves. Confirmed by a close about 3% above the line ($0.5601) on 3.4× normal volume. It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.6812 (a minimum, not a limit). Magee stop (Ch 27): $0.4245, 6.5% beyond the last minor bottom.