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Crypto · candlestick pattern

Dragonfly doji on Uniswap

On Uniswap the dragonfly doji showed up 39 times. The target came first 41% of the time, the stop 44%, and 15% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily250%50%0%
4-hour850%38%12%
Hourly2938%45%17%

Uniswap against the rest

ChartsFoundTarget firstStop firstWent nowhere
Uniswap3941%44%15%
All Crypto charts1,03628%61%11%
Every market1,30430%60%10%

Year by year

YearFoundTarget firstStop first
2021650%50%
2022520%60%
2023667%17%
20241040%40%
2025743%57%
2026520%40%

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 dragonfly doji is

Sellers pushed price far down, buyers pushed it all the way back.

Throw a yo-yo down and it zooms all the way back up to your hand. A dragonfly doji is like that: price dropped far during the candle, then buyers pulled it all the way back up to where it opened. It looks like a letter T, or a dragonfly with its wings at the top.

The full dragonfly doji lesson, video and quiz ›

Other patterns on Uniswap

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

The dragonfly doji elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · BNB · Cardano · Polkadot · Aave

Questions

How often does the dragonfly doji work on Uniswap?

In 39 cases on Uniswap, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 44%; 15% went nowhere within 12 candles.

What is the dragonfly doji?

Sellers pushed price far down, buyers pushed it all the way back.