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Crypto · chart pattern

Head and shoulders on NEAR Protocol

On NEAR Protocol the head and shoulders showed up 60 times. The target came first 37% of the time, the stop 58%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour1242%50%8%
Hourly4835%60%4%

NEAR Protocol against the rest

ChartsFoundTarget firstStop firstWent nowhere
NEAR Protocol6037%58%5%
All Crypto charts1,37538%54%8%
Every market1,90538%55%7%

Year by year

YearFoundTarget firstStop first
20211040%50%
20221443%50%
2023580%20%
2024633%50%
20251225%75%
20261323%77%

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 NEAR Protocol

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

The head and shoulders elsewhere

Ethereum · Bitcoin · Solana · Litecoin · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave

Questions

How often does the head and shoulders work on NEAR Protocol?

In 60 cases on NEAR Protocol, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 58%; 5% went nowhere within 12 candles.

What is the head and shoulders?

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