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Crypto · price-structure setup

Breakout on Chainlink

On Chainlink the breakout showed up 67 times. The target came first 46% of the time, the stop 51%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1100%0%0%
4-hour956%44%0%
Hourly5744%53%4%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink6746%51%3%
All Crypto charts1,77940%57%4%
Every market2,25240%56%4%

Year by year

YearFoundTarget firstStop first
20211258%33%
2022580%20%
20231741%53%
202480%100%
20251362%38%
20261242%58%

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 breakout is

Price closed above resistance on strong volume. The ceiling broke.

Imagine a crowd pushing on a stuck door until it finally bursts open. A breakout is when price pushes through a ceiling that stopped it before and closes above it. Lots of trading at that moment is like a big crowd pushing together.

The full breakout lesson, video and quiz ›

Other patterns on Chainlink

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

The breakout elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Uniswap · BNB · Cardano · Polkadot · Aave

Questions

How often does the breakout work on Chainlink?

In 67 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 46% of the time and the stop came first 51%; 3% went nowhere within 12 candles.

What is the breakout?

Price closed above resistance on strong volume. The ceiling broke.