Cryptex Finance CTX

$0.4996+1.07% 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: Coinbase.

Chart patterns

2-month falling wedge · 3 testsBroke out 58d ago1D
Ch 10: two falling lines converging; it normally breaks up, at least two-thirds of the way to the apex. Confirmed by a close about 3% above the line ($0.2900) on 20.5× normal volume. Minimum target: $0.3758 (a minimum, not a limit). Magee stop (Ch 27): $0.2557, 5% beyond the last minor bottom.
2-year symmetrical triangle · 2 testsBroke down · retested 403d 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 ($1.5847). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.5438 (a minimum, not a limit). Magee stop (Ch 27): $2.5267, 11% beyond the last minor top.