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Crypto · candlestick pattern

Dragonfly doji on Dogecoin

On Dogecoin the dragonfly doji showed up 35 times. The target came first 37% of the time, the stop 49%, and 14% went nowhere within 12 candles.

Counted on Dogecoin (DOGE/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-hour60%67%33%
Hourly2843%46%11%

Dogecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dogecoin3537%49%14%
All Crypto charts1,03628%61%11%
Every market1,30430%60%10%

Year by year

YearFoundTarget firstStop first
2021450%50%
2022922%56%
202350%100%
2024875%25%
2025633%50%
2026333%0%

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 dragonfly doji is

Sellers pushed price far down, buyers pushed it all the way back.

Throw a yo-yo down and it zooms all the way back up to your hand. A dragonfly doji is like that: price dropped far during the candle, then buyers pulled it all the way back up to where it opened. It looks like a letter T, or a dragonfly with its wings at the top.

The full dragonfly doji lesson, video and quiz ›

Other patterns on Dogecoin

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

The dragonfly doji elsewhere

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

Questions

How often does the dragonfly doji work on Dogecoin?

In 35 cases on Dogecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 49%; 14% went nowhere within 12 candles.

What is the dragonfly doji?

Sellers pushed price far down, buyers pushed it all the way back.