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Crypto · indicator signal

Fibonacci bounce down on Dogecoin

On Dogecoin the fibonacci bounce down showed up 506 times. The target came first 29% of the time, the stop 59%, and 12% 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
Daily520%80%0%
4-hour10731%50%19%
Hourly39428%62%10%

Dogecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dogecoin50629%59%12%
All Crypto charts11,96733%57%10%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
20216943%38%
20229818%69%
202310426%65%
202410030%62%
20257326%62%
20266235%52%

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 fibonacci bounce down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down 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 fibonacci bounce down elsewhere

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

Questions

How often does the fibonacci bounce down work on Dogecoin?

In 506 cases on Dogecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 59%; 12% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.