Ethereum ETH

$2,407.63+0.37% 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.

Chart patterns

6-day rising wedge · 2 testsBroke down 2d ago1H
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 ($2,690.85). Minimum target: $2,324.24 (a minimum, not a limit). Magee stop (Ch 27): $2,625.15, 5% beyond the last minor top.
3-month rounding top · 2 testsBroke down · retested 138d ago1W
Ch 7: a slow, gradual dome as buying fades into selling. Confirmed by a close about 3% below the line ($1,938.36). 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): $5,264.4, 5.8% beyond the last minor top.

12-day descending triangle · 2 tests2.7% from breakdown4H
Ch 8: a flat floor with falling highs, volume shrinking toward the apex. Not broken yet: a close below $2,345.01 by about 3% would confirm it. Minimum target: $2,273.9 (a minimum, not a limit).