Safemars Protocol SMARS

$4.914e-9+0.59% 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: MEXC.

Chart patterns

2-month rounding top · 2 testsBroke down · retested 333d ago1W
Ch 7: a slow, gradual dome as buying fades into selling. Confirmed by a close about 3% below the line ($6.239e-9). 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): $8.948e-9, 6.6% beyond the last minor top.
2-year symmetrical triangle · 3 testsBroke out · retested 396d 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% above the line ($6.685e-9) on 2.0× normal volume. Price has since come back to the line: a pullback, which the book calls normal and frequent, not a failure. Minimum target: $1.632e-8 (a minimum, not a limit). Magee stop (Ch 27): $3.335e-9, 5.9% beyond the last minor bottom.

2-year double top · 2 testsFakeout 102d ago1W
Ch 9: two tops within 3% of each other, more than a month apart, with a dip of at least 15% between them. Confirmed by a close about 3% below the line ($3.465e-9). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $1.180e-9 (a minimum, not a limit). Magee stop (Ch 27): $1.060e-8, 6% beyond the last minor top.
2-year symmetrical triangle · 3 testsFakeout 165d 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 ($3.682e-9). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $2.276e-9 (a minimum, not a limit). Magee stop (Ch 27): $1.065e-8, 6.5% beyond the last minor top.