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Crypto · candlestick pattern

Doji on Arbitrum

On Arbitrum the doji showed up 1,029 times. Within 12 candles price broke up 50% of the time, broke down 48% and stayed inside 2%.

Counted on Arbitrum (ARB/USDT): daily candles from March 2023, 4-hour candles from March 2023 and hourly candles from March 2023.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily3546%51%3%
4-hour21149%48%2%
Hourly78350%48%2%

Arbitrum against the rest

ChartsFoundBroke upBroke downStayed inside
Arbitrum1,02950%48%2%
All Crypto charts49,27548%49%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
202321152%47%
202426849%50%
202528053%44%
202627046%51%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Arbitrum

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · Volume profile bounce · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them

The doji elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the doji work on Arbitrum?

In 1,029 cases on Arbitrum, price broke up 50% of the time, broke down 48% and stayed inside 2% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.