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Crypto · candlestick pattern

Doji on Polkadot

On Polkadot the doji showed up 1,863 times. Within 12 candles price broke up 47% of the time, broke down 51% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily3050%47%3%
4-hour37747%50%2%
Hourly1,45646%51%3%

Polkadot against the rest

ChartsFoundBroke upBroke downStayed inside
Polkadot1,86347%51%3%
All Crypto charts49,27548%49%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
202127354%44%
202237945%50%
202329544%53%
202431145%52%
202530747%51%
202629846%53%

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 Polkadot

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Volume profile bounce · 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 · Aave · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the doji work on Polkadot?

In 1,863 cases on Polkadot, price broke up 47% of the time, broke down 51% and stayed inside 3% within 12 candles.

What is the doji?

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