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Crypto · candlestick pattern

Inverted hammer on Polkadot

On Polkadot the inverted hammer showed up 171 times. The target came first 36% of the time, the stop 56%, and 8% 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
Daily40%75%25%
4-hour2832%64%4%
Hourly13937%54%9%

Polkadot against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polkadot17136%56%8%
All Crypto charts4,29734%56%9%
Every market6,73437%55%8%

Year by year

YearFoundTarget firstStop first
20212730%63%
20221718%76%
20232931%55%
20242250%45%
20254740%53%
20262938%52%

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 inverted hammer is

After a fall, buyers tried to push up. A first sign of interest.

Imagine a kid who keeps losing a game and finally jumps as high as they can. They land back down, but everyone noticed the jump. An inverted hammer is that jump: after a fall, buyers pushed price up high during the candle, even though it slid back before the close.

The full inverted 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 inverted hammer elsewhere

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

Questions

How often does the inverted hammer work on Polkadot?

In 171 cases on Polkadot, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 56%; 8% went nowhere within 12 candles.

What is the inverted hammer?

After a fall, buyers tried to push up. A first sign of interest.