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Crypto · candlestick pattern

Hanging man on Dogecoin

On Dogecoin the hanging man showed up 204 times. The target came first 29% of the time, the stop 65%, and 6% 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
Daily633%67%0%
4-hour3625%64%11%
Hourly16230%65%5%

Dogecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dogecoin20429%65%6%
All Crypto charts5,40236%57%6%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
20212818%71%
20222433%62%
20235533%62%
20245431%65%
20252532%60%
20261822%72%

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 hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man 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 hanging man 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 hanging man work on Dogecoin?

In 204 cases on Dogecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 65%; 6% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.