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Crypto · candlestick pattern

Dragonfly doji on Shiba Inu

On Shiba Inu the dragonfly doji showed up 34 times. The target came first 29% of the time, the stop 68%, and 3% went nowhere within 12 candles.

Counted on Shiba Inu (SHIB/USDT): daily candles from May 2021, 4-hour candles from May 2021 and hourly candles from May 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour450%50%0%
Hourly2928%69%3%

Shiba Inu against the rest

ChartsFoundTarget firstStop firstWent nowhere
Shiba Inu3429%68%3%
All Crypto charts1,03628%61%11%
Every market1,30430%60%10%

Year by year

YearFoundTarget firstStop first
2021367%33%
202230%100%
2023956%44%
2024119%82%
2025729%71%

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 dragonfly doji is

Sellers pushed price far down, buyers pushed it all the way back.

Throw a yo-yo down and it zooms all the way back up to your hand. A dragonfly doji is like that: price dropped far during the candle, then buyers pulled it all the way back up to where it opened. It looks like a letter T, or a dragonfly with its wings at the top.

The full dragonfly doji lesson, video and quiz ›

Other patterns on Shiba Inu

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

The dragonfly doji elsewhere

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

Questions

How often does the dragonfly doji work on Shiba Inu?

In 34 cases on Shiba Inu, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 68%; 3% went nowhere within 12 candles.

What is the dragonfly doji?

Sellers pushed price far down, buyers pushed it all the way back.