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Crypto · candlestick pattern

Evening star on Chainlink

On Chainlink the evening star showed up 40 times. The target came first 32% of the time, the stop 62%, and 5% 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
Daily30%100%0%
4-hour1030%70%0%
Hourly2737%56%7%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink4032%62%5%
All Crypto charts76432%57%11%
Every market1,19133%58%9%

Year by year

YearFoundTarget firstStop first
20211030%70%
2022425%50%
2023540%60%
2024838%50%
2025838%62%
2026520%80%

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 evening star is

A big rise, a pause, then a strong fall. The day is ending.

Think of a bright day, then the quiet of sunset, then the dark of night. An evening star is three candles like that: a big green candle, a tiny pause candle, then a strong red candle. The bright part of the chart might be ending.

The full evening star 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 evening star elsewhere

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

Questions

How often does the evening star work on Chainlink?

In 40 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 62%; 5% went nowhere within 12 candles.

What is the evening star?

A big rise, a pause, then a strong fall. The day is ending.