Pangolin PNG

$0.0282+2.47% 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, Gate.

Chart patterns

23-month head and shoulders top · 2 testsBroke down 354d 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 ($0.1208). Minimum target: $0.0103 (a minimum, not a limit). Magee stop (Ch 27): $0.2579, 12.5% beyond the last minor top.
21-month symmetrical triangle · 2 testsBroke down 375d 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 ($0.1184). Minimum target: $0.0190 (a minimum, not a limit). Magee stop (Ch 27): $0.5381, 13.8% beyond the last minor top.

5-month descending channel · 3 testsFakeout 40d ago1D
Ch 14: a down-trendline with a parallel return line; only the trendline itself gives a signal. Confirmed by a close about 3% above the line ($0.0251) on 13.6× 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): $0.0171, 6.9% beyond the last minor bottom.