Does the Bullish Engulfing work on Solana?

On Solana's daily chart, after a bullish engulfing Solana rose within 7 days 49% of the time across 89 past cases. On an ordinary day it did so 50% of the time.

No edge: a coin flipIndistinguishable from an ordinary day on this coin. Most patterns land here.
On SolanaNo edge
49% of 89 casesbaseline 50%
All coinsNo edge
45% of 14,571 casesbaseline 46%
Median move after the pattern -0.10% vs -0.06% from any bar; after a 0.2% round trip of fees -0.30%.

Daily chart

WithinSolanaOrdinary barCasesAll coinsVerdict
24 hours50% (41%–59%)50%11348% vs 48%No edge
30 days56% (41%–70%)51%4343% vs 42%No edge
7 days49% (39%–60%)50%8945% vs 46%No edge

4-hour chart

WithinSolanaOrdinary barCasesAll coinsVerdict
24 hours51% (47%–55%)50%62048% vs 49%No edge
7 days49% (43%–56%)50%23248% vs 48%No edge

1-hour chart

WithinSolanaOrdinary barCasesAll coinsVerdict
24 hours49% (46%–53%)50%87549% vs 50%No edge
4 hours49% (47%–51%)50%179148% vs 50%No edge

How this is measured: each occurrence is counted from the bar where the pattern became knowable, overlapping cases are dropped, and the result is compared with how often Solana moved the same way from any random bar over the same window. A pattern only earns "beat the baseline" when the difference is larger than luck explains across all the tests we run. Full method.

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