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Crypto · candlestick pattern

Morning star on Polkadot

On Polkadot the morning star showed up 31 times. The target came first 32% of the time, the stop 42%, and 26% 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
Daily20%0%100%
4-hour40%100%0%
Hourly2540%36%24%

Polkadot against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polkadot3132%42%26%
All Crypto charts66134%54%12%
Every market98636%54%10%

Year by year

YearFoundTarget firstStop first
2021714%29%
2022540%20%
2023729%57%
2024743%43%
2026540%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 morning star is

A big fall, a pause, then a strong rise. The night is ending.

Think of the night, then the quiet grey of dawn, then the sun rising. A morning star is three candles like that: a big red candle, a tiny pause candle, then a strong green candle. The dark part of the chart might be ending.

The full morning star 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 morning star elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Aave

Questions

How often does the morning star work on Polkadot?

In 31 cases on Polkadot, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 42%; 26% went nowhere within 12 candles.

What is the morning star?

A big fall, a pause, then a strong rise. The night is ending.