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Crypto · candlestick pattern

Inverted hammer on Cardano

On Cardano the inverted hammer showed up 165 times. The target came first 34% of the time, the stop 55%, and 11% 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
Daily333%67%0%
4-hour2446%46%8%
Hourly13832%57%12%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano16534%55%11%
All Crypto charts4,29734%56%9%
Every market6,73437%55%8%

Year by year

YearFoundTarget firstStop first
20213037%50%
20222818%71%
20232020%70%
20242438%50%
20253938%49%
20262450%46%

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 inverted hammer is

After a fall, buyers tried to push up. A first sign of interest.

Imagine a kid who keeps losing a game and finally jumps as high as they can. They land back down, but everyone noticed the jump. An inverted hammer is that jump: after a fall, buyers pushed price up high during the candle, even though it slid back before the close.

The full inverted hammer 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 inverted hammer elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Polkadot · Aave · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the inverted hammer work on Cardano?

In 165 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 55%; 11% went nowhere within 12 candles.

What is the inverted hammer?

After a fall, buyers tried to push up. A first sign of interest.