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Crypto · indicator signal

RSI overbought drop on Dogecoin

On Dogecoin the rsi overbought drop showed up 805 times. The target came first 35% of the time, the stop 55%, and 10% 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
Daily2335%57%9%
4-hour15436%55%10%
Hourly62835%55%10%

Dogecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dogecoin80535%55%10%
All Crypto charts23,32134%57%9%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
202112529%62%
202214233%61%
202312337%50%
202418534%56%
202514243%51%
20268839%49%

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 rsi overbought drop is

RSI rose above 70, then fell back below it. Buying may be tiring.

Run up a hill as fast as you can and soon you need a breather. RSI is a gauge from 0 to 100 that shows how hard price has been pushed lately. Above 70 means price was pushed up very hard, and dropping back below 70 hints the buyers may be tiring.

The full rsi overbought drop 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 rsi overbought drop 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 rsi overbought drop work on Dogecoin?

In 805 cases on Dogecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 55%; 10% went nowhere within 12 candles.

What is the rsi overbought drop?

RSI rose above 70, then fell back below it. Buying may be tiring.