Trading Class

Markets › Solana › Double bottom

Crypto · chart pattern

Double bottom on Solana

On Solana the double bottom showed up 123 times. The target came first 32% of the time, the stop 64%, and 4% went nowhere within 12 candles.

Counted on Solana (SOL/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily367%33%0%
4-hour1520%73%7%
Hourly10532%64%4%

Solana against the rest

ChartsFoundTarget firstStop firstWent nowhere
Solana12332%64%4%
All Crypto charts3,29436%58%6%
Every market4,67237%57%6%

Year by year

YearFoundTarget firstStop first
20211729%71%
20222326%70%
20232339%61%
20242846%50%
20251414%86%
20261822%61%

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 double bottom is

Two lows at the same level, then a break above the peak between them.

Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.

The full double bottom lesson, video and quiz ›

Other patterns on Solana

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

The double bottom elsewhere

Ethereum · Bitcoin · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave · EUR/JPY

Questions

How often does the double bottom work on Solana?

In 123 cases on Solana, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 64%; 4% went nowhere within 12 candles.

What is the double bottom?

Two lows at the same level, then a break above the peak between them.