Zcash ZEC

$1,229.91-1.68% 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, Kraken.

Chart patterns

8-day rectangle · 2 testsFakeout 23h ago4H
Ch 9: price trading between a level ceiling and a level floor. Confirmed by a close about 3% above the line ($1,285.78) on 1.9× normal volume. It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $1,576.71 (a minimum, not a limit). Magee stop (Ch 27): $996.104, 5% beyond the last minor bottom.
3-week symmetrical triangle · 2 testsFakeout 8d ago4H
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 ($1,129.11). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $1,004.05 (a minimum, not a limit). Magee stop (Ch 27): $1,353.45, 5% beyond the last minor top.