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Crypto · candlestick pattern

Doji on Optimism

On Optimism the doji showed up 1,319 times. Within 12 candles price broke up 49% of the time, broke down 49% and stayed inside 2%.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily3642%58%0%
4-hour26549%49%2%
Hourly1,01849%49%2%

Optimism against the rest

ChartsFoundBroke upBroke downStayed inside
Optimism1,31949%49%2%
All Crypto charts49,27548%49%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
202216749%49%
202327150%49%
202431452%46%
202532448%49%
202624344%54%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Optimism

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

The doji 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 doji work on Optimism?

In 1,319 cases on Optimism, price broke up 49% of the time, broke down 49% and stayed inside 2% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.