Band BAND

$0.2101-0.85% 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: OKX, Coinbase.

Chart patterns

4-week head and shoulders top · 2 testsBroke down · retested 5d ago4H
Ch 6: three rallies with the middle one (the head) highest; the neckline joins the two reaction lows and may slope. Confirmed by a close about 3% below the neckline ($0.2183). Price has since come back to the neckline: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.1983 (a minimum, not a limit). Magee stop (Ch 27): $0.2562, 5% beyond the last minor top. It broke on a gap (Ch 12: a breakaway gap adds force).
4-week up trendline · 3 testsBroke down · retested 5d ago4H
Ch 14: a rising line through the bottoms, drawn on two lows and confirmed by a third test. Confirmed by a close about 3% below the line ($0.2230). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. The book gives no measuring rule for this one. Magee stop (Ch 27): $0.2562, 5% beyond the last minor top. It broke on a gap (Ch 12: a breakaway gap adds force).

3-week head and shoulders top · 2 tests2.3% from breakdown4H
Ch 6: three rallies with the middle one (the head) highest; the neckline joins the two reaction lows and may slope. Not broken yet: a close below $0.2054 by about 3% would confirm it. Minimum target: $0.1983 (a minimum, not a limit).