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Crypto · candlestick pattern

Morning star on Chainlink

On Chainlink the morning star showed up 27 times. The target came first 48% of the time, the stop 44%, and 7% 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
4-hour450%50%0%
Hourly2348%43%9%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink2748%44%7%
All Crypto charts66134%54%12%
Every market98636%54%10%

Year by year

YearFoundTarget firstStop first
2021580%20%
2022540%60%
2023633%50%
2024540%40%
2025425%75%

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 morning star is

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

Think of the night, then the quiet grey of dawn, then the sun rising. A morning star is three candles like that: a big red candle, a tiny pause candle, then a strong green candle. The dark part of the chart might be ending.

The full morning 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 morning star elsewhere

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

Questions

How often does the morning star work on Chainlink?

In 27 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 44%; 7% went nowhere within 12 candles.

What is the morning star?

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