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Crypto · candlestick pattern

Gravestone doji on Cardano

On Cardano the gravestone doji showed up 31 times. The target came first 39% of the time, the stop 58%, and 3% 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
4-hour560%20%20%
Hourly2635%65%0%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano3139%58%3%
All Crypto charts73435%57%8%
Every market1,04036%57%7%

Year by year

YearFoundTarget firstStop first
2021933%67%
2022475%25%
2023333%67%
202440%100%
2025520%60%
2026667%33%

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 gravestone doji is

Buyers pushed price far up, sellers pushed it all the way back.

Throw a ball straight up and it falls right back into your hand. A gravestone doji is like that: after a rise, price shot up during the candle, then sellers pushed it all the way back down to where it opened. It looks like an upside-down letter T.

The full gravestone doji 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 gravestone doji elsewhere

Bitcoin · Litecoin · NEAR Protocol · Chainlink · Uniswap · Polkadot · Avalanche · Cosmos · Injective · Bitcoin Cash

Questions

How often does the gravestone doji work on Cardano?

In 31 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 58%; 3% went nowhere within 12 candles.

What is the gravestone doji?

Buyers pushed price far up, sellers pushed it all the way back.