AVA (Travala) AVA

$0.3810+5.69% 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, KuCoin.

Chart patterns

3-month flat resistance · 2 testsBroke out · retested 36d ago1D
Ch 13: a level that stopped two rallies after a move of 10% or more; broken, old resistance tends to become support. Confirmed by a close about 3% above the line ($0.2154) on 16.7× 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): $0.1540, 8.8% beyond the last minor bottom.
2-year flat support · 2 testsBroke down · retested 376d ago1W
Ch 13: a level that held two declines after a move of 10% or more; broken, old support tends to become resistance. Confirmed by a close about 3% below the line ($0.4080). 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): $0.8708, 8.5% beyond the last minor top.

3-month rising wedge · 2 testsFakeout 36d ago1D
Ch 10: two rising lines converging; it normally breaks down, at least two-thirds of the way to the apex. Confirmed by a close about 3% below the line ($0.2002). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.1472 (a minimum, not a limit). Magee stop (Ch 27): $0.2507, 5.2% beyond the last minor top.

5-day descending triangle · 2 tests1.0% from breakout4H
Ch 8: a flat floor with falling highs, volume shrinking toward the apex. Not broken yet: a close above $0.3847 by about 3%, on a clear rise in volume, would confirm it. Minimum target: $0.4793 (a minimum, not a limit).