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Crypto · candlestick pattern

Dark cloud cover on Cardano

On Cardano the dark cloud cover showed up 188 times. The target came first 37% of the time, the stop 53%, and 10% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour3244%53%3%
Hourly15535%53%12%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano18837%53%10%
All Crypto charts4,67435%56%8%
Every market6,38536%57%8%

Year by year

YearFoundTarget firstStop first
20214333%53%
20222438%54%
20233033%50%
20243327%64%
20253148%45%
20262744%52%

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 dark cloud cover is

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

Imagine a sunny sky, and then a dark cloud slides over more than half of it. A dark cloud cover is like that: after a big green candle, the next red candle pushes down past the middle of the green one. Sellers took back more than half of the climb.

The full dark cloud cover lesson, video and quiz ›

Other patterns on Cardano

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

The dark cloud cover elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Polkadot · Aave · GBP/USD · EUR/JPY

Questions

How often does the dark cloud cover work on Cardano?

In 188 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 53%; 10% went nowhere within 12 candles.

What is the dark cloud cover?

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