Cheems Token CHEEMS

$4.490e-7+0.65% 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: Gate.

Chart patterns

6-month symmetrical triangle · 3 testsBroke down · retested 5d 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% below the line ($4.612e-7). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $2.552e-7 (a minimum, not a limit). Magee stop (Ch 27): $6.266e-7, 5% beyond the last minor top.
4-month third fan line (reaction) · 3 testsBroke out · retested 30d ago1D
Ch 14: the third, flattest fan line over a reaction inside an uptrend; its break ends the reaction (Three-Fan Rule). Confirmed by a close about 3% above the line ($5.492e-7) on 5.0× normal volume. Price has since come back to the line: a pullback, which the book calls normal and frequent, not a failure. The book gives no measuring rule for this one. Magee stop (Ch 27): $4.275e-7, 5% beyond the last minor bottom.