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Crypto · candlestick pattern
Piercing line on Optimism
On Optimism the piercing line showed up 120 times. The target came first 32% of the time, the stop 53%, and 15% went nowhere within 12 candles.
Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 7 | 29% | 43% | 29% |
| 4-hour | 18 | 17% | 61% | 22% |
| Hourly | 95 | 35% | 53% | 13% |
Optimism against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Optimism | 120 | 32% | 53% | 15% |
| All Crypto charts | 4,565 | 33% | 54% | 12% |
| Every market | 6,128 | 34% | 55% | 11% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2022 | 12 | 42% | 50% |
| 2023 | 20 | 50% | 30% |
| 2024 | 33 | 36% | 55% |
| 2025 | 32 | 19% | 62% |
| 2026 | 23 | 22% | 61% |
The last 8 times
- 28 Sep 2026, 10:00 UTC · hourly · stop first after 4 candles
- 23 Sep 2026, 16:00 UTC · hourly · went nowhere
- 16 Sep 2026, 02:00 UTC · hourly · went nowhere
- 9 Sep 2026, 23:00 UTC · hourly · stop first after 2 candles
- 4 Sep 2026, 15:00 UTC · hourly · target first after 4 candles
- 19 Aug 2026, 03:00 UTC · hourly · stop first after 3 candles
- 29 Jul 2026, 09:00 UTC · hourly · stop first after 1 candle
- 27 Jul 2026, 19:00 UTC · hourly · stop first after 3 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 Optimism
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them
The piercing line elsewhere
Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · S&P 500 · GBP/USD · EUR/JPY
Questions
How often does the piercing line work on Optimism?
In 120 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 53%; 15% went nowhere within 12 candles.
What is the piercing line?
After a big red candle, green closes above its middle.