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Crypto · candlestick pattern

Shooting star on Toncoin

On Toncoin the shooting star showed up 65 times. The target came first 45% of the time, the stop 49%, and 6% 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
4-hour1258%33%8%
Hourly5342%53%6%

Toncoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Toncoin6545%49%6%
All Crypto charts7,26636%57%7%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
20241070%30%
20254048%42%
20261520%80%

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 shooting star is

After a rise, buyers pushed up and sellers slammed it back down.

A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.

The full shooting star 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 shooting star elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Dow Jones · Sony · GBP/USD · EUR/JPY · Silver

Questions

How often does the shooting star work on Toncoin?

In 65 cases on Toncoin, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 49%; 6% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.