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Crypto · candlestick pattern
Piercing line on Ethereum
On Ethereum the piercing line showed up 196 times. The target came first 36% of the time, the stop 53%, and 11% went nowhere within 12 candles.
Counted on Ethereum (ETH/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 8 | 25% | 62% | 12% |
| 4-hour | 37 | 49% | 35% | 16% |
| Hourly | 151 | 34% | 57% | 9% |
Ethereum against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Ethereum | 196 | 36% | 53% | 11% |
| All Crypto charts | 4,565 | 33% | 54% | 12% |
| Every market | 6,128 | 34% | 55% | 11% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2021 | 38 | 32% | 58% |
| 2022 | 31 | 35% | 58% |
| 2023 | 19 | 42% | 42% |
| 2024 | 39 | 33% | 56% |
| 2025 | 46 | 39% | 46% |
| 2026 | 23 | 39% | 57% |
The last 8 times
- 16 Sep 2026, 16:00 UTC · 4-hour · target first after 5 candles
- 11 Aug 2026, 16:00 UTC · 4-hour · target first after 4 candles
- 3 Aug 2026, 12:00 UTC · hourly · target first after 2 candles
- 16 Jul 2026, 13:00 UTC · hourly · stop first after 4 candles
- 30 Jun 2026, 13:00 UTC · hourly · stop first after 12 candles
- 5 Jun 2026, 19:00 UTC · hourly · stop first after 9 candles
- 3 Jun 2026, 04:00 UTC · hourly · stop first after 12 candles
- 24 May 2026, 22:00 UTC · hourly · target first after 4 candles
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 piercing line is
After a big red candle, green closes above its middle.
Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.
The full piercing line lesson, video and quiz ›
Other patterns on Ethereum
Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Volume profile rejection · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · all of them
The piercing line elsewhere
Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave · S&P 500 · GBP/USD · EUR/JPY
Questions
How often does the piercing line work on Ethereum?
In 196 cases on Ethereum, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 53%; 11% went nowhere within 12 candles.
What is the piercing line?
After a big red candle, green closes above its middle.