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Crypto · chart pattern

Double bottom on Cardano

On Cardano the double bottom showed up 101 times. The target came first 31% of the time, the stop 63%, and 6% 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-hour2133%62%5%
Hourly7930%63%6%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano10131%63%6%
All Crypto charts3,29436%58%6%
Every market4,67237%57%6%

Year by year

YearFoundTarget firstStop first
20211127%64%
20223023%67%
20231533%67%
20241741%59%
20251225%58%
20261638%62%

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 double bottom is

Two lows at the same level, then a break above the peak between them.

Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.

The full double bottom 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 double bottom elsewhere

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

Questions

How often does the double bottom work on Cardano?

In 101 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 63%; 6% went nowhere within 12 candles.

What is the double bottom?

Two lows at the same level, then a break above the peak between them.