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Crypto · candlestick pattern

Hanging man on Polkadot

On Polkadot the hanging man showed up 199 times. The target came first 39% of the time, the stop 55%, and 6% 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
Daily650%50%0%
4-hour4436%57%7%
Hourly14939%55%6%

Polkadot against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polkadot19939%55%6%
All Crypto charts5,40236%57%6%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
20212934%59%
20222040%55%
20235643%54%
20244028%62%
20253450%44%
20262035%60%

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 hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man 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 hanging man 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 hanging man work on Polkadot?

In 199 cases on Polkadot, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 55%; 6% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.