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Crypto · candlestick pattern

Piercing line on Shiba Inu

On Shiba Inu the piercing line showed up 125 times. The target came first 39% of the time, the stop 48%, and 13% 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
Daily729%71%0%
4-hour2952%41%7%
Hourly8936%48%16%

Shiba Inu against the rest

ChartsFoundTarget firstStop firstWent nowhere
Shiba Inu12539%48%13%
All Crypto charts4,56533%54%12%
Every market6,12834%55%11%

Year by year

YearFoundTarget firstStop first
20211145%27%
20222339%48%
20231729%59%
20242339%52%
20253244%44%
20261937%53%

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 piercing line is

After a big red candle, green closes above its middle.

Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.

The full piercing line 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 piercing line elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · S&P 500 · GBP/USD · EUR/JPY

Questions

How often does the piercing line work on Shiba Inu?

In 125 cases on Shiba Inu, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 48%; 13% went nowhere within 12 candles.

What is the piercing line?

After a big red candle, green closes above its middle.