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Crypto · candlestick pattern

Piercing line on Avalanche

On Avalanche the piercing line showed up 189 times. The target came first 35% of the time, the stop 53%, and 12% went nowhere within 12 candles.

Counted on Avalanche (AVAX/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily650%17%33%
4-hour3633%56%11%
Hourly14735%54%11%

Avalanche against the rest

ChartsFoundTarget firstStop firstWent nowhere
Avalanche18935%53%12%
All Crypto charts4,56533%54%12%
Every market6,12834%55%11%

Year by year

YearFoundTarget firstStop first
20213037%57%
20223936%56%
20231533%60%
20244432%52%
20253537%54%
20262635%42%

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 piercing line is

After a big red candle, green closes above its middle.

Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.

The full piercing line lesson, video and quiz ›

Other patterns on Avalanche

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

The piercing line elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · S&P 500 · GBP/USD · EUR/JPY

Questions

How often does the piercing line work on Avalanche?

In 189 cases on Avalanche, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 53%; 12% went nowhere within 12 candles.

What is the piercing line?

After a big red candle, green closes above its middle.