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Crypto · price-structure setup

Support bounce on Chainlink

On Chainlink the support bounce showed up 87 times. The target came first 38% of the time, the stop 48%, and 14% 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
Daily1040%30%30%
4-hour825%50%25%
Hourly6939%51%10%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink8738%48%14%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
20212241%32%
20221136%64%
20231464%36%
20241712%65%
20251155%27%
20261225%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 support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce 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 support bounce elsewhere

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

Questions

How often does the support bounce work on Chainlink?

In 87 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 48%; 14% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.