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Crypto · chart pattern

Falling wedge on Cardano

On Cardano the falling wedge showed up 64 times. The target came first 27% of the time, the stop 66%, and 8% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour1118%64%18%
Hourly5229%65%6%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano6427%66%8%
All Crypto charts1,50034%58%7%
Every market1,99836%58%7%

Year by year

YearFoundTarget firstStop first
2021922%56%
20221127%73%
2023922%78%
20241436%57%
20251323%62%
2026825%75%

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 falling wedge is

Price falls inside two falling lines that squeeze together, then breaks up.

Imagine someone walking down a staircase, taking smaller and smaller steps, until they stop and start climbing back up. A falling wedge is price sliding down between two falling lines that squeeze together, with each drop smaller than the last. Here price finally breaks out through the top line.

The full falling wedge lesson, video and quiz ›

Other patterns on Cardano

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

The falling wedge elsewhere

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

Questions

How often does the falling wedge work on Cardano?

In 64 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 66%; 8% went nowhere within 12 candles.

What is the falling wedge?

Price falls inside two falling lines that squeeze together, then breaks up.