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Crypto · candlestick pattern

Hammer on Toncoin

On Toncoin the hammer showed up 109 times. The target came first 28% of the time, the stop 55%, and 17% went nowhere within 12 candles.

Counted on Toncoin (TON/USDT): daily candles from August 2024, 4-hour candles from August 2024 and hourly candles from August 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour1828%56%17%
Hourly9028%54%18%

Toncoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Toncoin10928%55%17%
All Crypto charts9,05029%59%12%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
20243821%63%
20254734%40%
20262425%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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Toncoin

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

The hammer elsewhere

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

Questions

How often does the hammer work on Toncoin?

In 109 cases on Toncoin, the target (1.5 × ATR) came before the stop (1 × ATR) 28% of the time and the stop came first 55%; 17% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.