Trading Class

Markets › Filecoin › Support bounce

Crypto · price-structure setup

Support bounce on Filecoin

On Filecoin the support bounce showed up 80 times. The target came first 32% of the time, the stop 55%, and 12% went nowhere within 12 candles.

Counted on Filecoin (FIL/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily450%50%0%
4-hour933%56%11%
Hourly6731%55%13%

Filecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Filecoin8032%55%12%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
2021128%83%
20221331%62%
20232250%41%
20241323%31%
20251331%69%
2026743%57%

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 support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce lesson, video and quiz ›

Other patterns on Filecoin

Inside bar · Spinning top · Stochastic bearish cross · Stochastic bullish cross · Volume profile rejection · Doji · Volume profile bounce · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The support bounce elsewhere

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

Questions

How often does the support bounce work on Filecoin?

In 80 cases on Filecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 55%; 12% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.