Ethena ENA

$0.2002-2.84% 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

4-week symmetrical triangle · 2 testsFakeout 7d ago4H
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 ($0.1953). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.1312 (a minimum, not a limit). Magee stop (Ch 27): $0.2605, 5% beyond the last minor top.
6-month rounding top · 2 testsFakeout 291d ago1W
Ch 7: a slow, gradual dome as buying fades into selling. Confirmed by a close about 3% below the line ($0.2225). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). The book gives no measuring rule for this one. Magee stop (Ch 27): $0.9857, 11.5% beyond the last minor top.