Trading Class

Markets › BNB › Piercing line

Crypto · candlestick pattern

Piercing line on BNB

On BNB the piercing line showed up 191 times. The target came first 29% of the time, the stop 59%, and 12% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily617%67%17%
4-hour4028%60%12%
Hourly14530%58%12%

BNB against the rest

ChartsFoundTarget firstStop firstWent nowhere
BNB19129%59%12%
All Crypto charts4,56533%54%12%
Every market6,12834%55%11%

Year by year

YearFoundTarget firstStop first
20213826%58%
20223540%54%
20232227%45%
20242924%69%
20253928%59%
20262829%64%

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 BNB

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

The piercing line elsewhere

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

Questions

How often does the piercing line work on BNB?

In 191 cases on BNB, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 59%; 12% went nowhere within 12 candles.

What is the piercing line?

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