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Crypto · candlestick pattern

Piercing line on Solana

On Solana the piercing line showed up 195 times. The target came first 34% of the time, the stop 56%, and 10% 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
Daily714%71%14%
4-hour3732%62%5%
Hourly15136%54%11%

Solana against the rest

ChartsFoundTarget firstStop firstWent nowhere
Solana19534%56%10%
All Crypto charts4,56533%54%12%
Every market6,12834%55%11%

Year by year

YearFoundTarget firstStop first
20213520%71%
20223345%42%
20232232%50%
20244536%60%
20253636%56%
20262438%50%

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 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 piercing line elsewhere

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

Questions

How often does the piercing line work on Solana?

In 195 cases on Solana, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 56%; 10% went nowhere within 12 candles.

What is the piercing line?

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