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Crypto · chart pattern

Head and shoulders on Dogecoin

On Dogecoin the head and shoulders showed up 55 times. The target came first 49% of the time, the stop 38%, and 13% 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
Daily425%50%25%
4-hour1258%42%0%
Hourly3949%36%15%

Dogecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dogecoin5549%38%13%
All Crypto charts1,37538%54%8%
Every market1,90538%55%7%

Year by year

YearFoundTarget firstStop first
2021825%50%
20221070%10%
20231136%45%
2024650%33%
20251644%56%
20264100%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 head and shoulders is

Three peaks with the middle one highest, then a break below the neckline.

Picture a person's head and two shoulders from behind: a shoulder, a taller head, then another shoulder. A head and shoulders pattern is three price peaks shaped like that. When price falls below the line under the shoulders, called the neckline, the pattern is complete.

The full head and shoulders 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 head and shoulders elsewhere

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

Questions

How often does the head and shoulders work on Dogecoin?

In 55 cases on Dogecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 49% of the time and the stop came first 38%; 13% went nowhere within 12 candles.

What is the head and shoulders?

Three peaks with the middle one highest, then a break below the neckline.