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Crypto · candlestick pattern

Hanging man on Shiba Inu

On Shiba Inu the hanging man showed up 162 times. The target came first 38% of the time, the stop 52%, and 10% 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
Daily30%100%0%
4-hour3043%50%7%
Hourly12938%51%11%

Shiba Inu against the rest

ChartsFoundTarget firstStop firstWent nowhere
Shiba Inu16238%52%10%
All Crypto charts5,40236%57%6%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
20212133%48%
20222232%59%
20233749%43%
20242938%52%
20253339%48%
20262030%70%

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 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 hanging man elsewhere

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

Questions

How often does the hanging man work on Shiba Inu?

In 162 cases on Shiba Inu, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 52%; 10% went nowhere within 12 candles.

What is the hanging man?

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