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Crypto · candlestick pattern

Bullish engulfing on Chainlink

On Chainlink the bullish engulfing showed up 531 times. The target came first 31% of the time, the stop 57%, and 12% 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
Daily1631%31%38%
4-hour9733%55%12%
Hourly41830%58%11%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink53131%57%12%
All Crypto charts13,19732%56%12%
Every market17,56334%56%10%

Year by year

YearFoundTarget firstStop first
202110023%64%
20229536%51%
20239022%67%
20249532%61%
20258936%51%
20266239%44%

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 bullish engulfing is

A green body swallows the red one before it. Buyers took control.

Picture a small red fish, then a bigger green fish that swallows it whole. In a bullish engulfing pattern, the green candle's body is so big it covers the whole red body before it. After a fall, it shows buyers suddenly took over.

The full bullish engulfing 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 bullish engulfing elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Uniswap · BNB · Cardano · Polkadot · Aave · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the bullish engulfing work on Chainlink?

In 531 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 57%; 12% went nowhere within 12 candles.

What is the bullish engulfing?

A green body swallows the red one before it. Buyers took control.