OriginTrail TRAC

$0.3785-1.71% 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: Kraken, Coinbase.

Chart patterns

3-year symmetrical triangle · 3 testsBroke down · retested 228d 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 ($0.3256). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.0781 (a minimum, not a limit). Magee stop (Ch 27): $0.9384, 8.5% beyond the last minor top.
13-month inverse head and shoulders · 2 testsBroke out · retested 347d ago1W
Ch 6: three declines with the middle one (the head) lowest; the neckline joins the two rally highs and may slope. Confirmed by a close about 3% above the neckline ($0.4330) on 2.1× normal volume. Price has since come back to the neckline: a pullback, which the book calls normal and frequent, not a failure. Minimum target: $1.0156 (a minimum, not a limit). Magee stop (Ch 27): $0.2727, 8.8% beyond the last minor bottom.