Convex Finance CVX

$2.537-1.59% 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, Gate.

Chart patterns

3-week ascending triangle · 4 testsBroke out 2d ago4H
Ch 8: a flat ceiling with rising lows, volume shrinking toward the apex. Confirmed by a close about 3% above the line ($2.3518) on 9.0× normal volume. Minimum target: $2.592 (a minimum, not a limit). Magee stop (Ch 27): $1.7794, 5% beyond the last minor bottom.
4-month rounding bottom · 2 testsBroke out · retested 59d ago1D
Ch 7: a slow, gradual bowl as selling fades into buying, volume bowling with it. Confirmed by a close about 3% above the line ($2.084) on 4.5× 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): $1.4006, 5.7% beyond the last minor bottom.
10-month symmetrical triangle · 2 testsBroke down 375d ago1W
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 ($3.0805). Minimum target: $1.2343 (a minimum, not a limit). Magee stop (Ch 27): $6.8522, 10.2% beyond the last minor top.