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Crypto · candlestick pattern

Hammer on Polkadot

On Polkadot the hammer showed up 358 times. The target came first 25% of the time, the stop 63%, and 12% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1050%30%20%
4-hour6417%67%16%
Hourly28426%64%11%

Polkadot against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polkadot35825%63%12%
All Crypto charts9,05029%59%12%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
20215524%65%
20226118%70%
20237426%61%
20248626%64%
20254427%61%
20263832%55%

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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Polkadot

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

The hammer elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Aave · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the hammer work on Polkadot?

In 358 cases on Polkadot, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 63%; 12% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.