Oraichain ORAI

$0.4250-11.64% 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: KuCoin.

Chart patterns

3-year head and shoulders top · 2 testsBroke down · retested 376d ago1W
Ch 6: three rallies with the middle one (the head) highest; the neckline joins the two reaction lows and may slope. Confirmed by a close about 3% below the neckline ($1.8296). Price has since come back to the neckline: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $1.23 (a minimum, not a limit). Magee stop (Ch 27): $5.0423, 9.9% beyond the last minor top.

5-month flat resistance · 2 testsFakeout 13d 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 ($0.5500) on 9.8× normal volume. 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): $0.3193, 8.8% beyond the last minor bottom.