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Crypto · price-structure setup

Resistance rejection on Chainlink

On Chainlink the resistance rejection showed up 81 times. The target came first 37% of the time, the stop 53%, and 10% went nowhere within 12 candles.

Counted on Chainlink (LINK/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-hour1429%57%14%
Hourly6639%52%9%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink8137%53%10%
All Crypto charts2,10636%55%9%
Every market2,88936%56%8%

Year by year

YearFoundTarget firstStop first
2021520%80%
20221030%60%
20231354%46%
20241735%53%
20251822%56%
20261850%44%

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 resistance rejection is

Price rose back to a level that stopped it before, and turned down again.

Throw a ball up in a room and it bounces off the ceiling and falls. Resistance is a price ceiling where rises stopped before, because sellers were waiting there. A resistance rejection is when price climbs back to that ceiling and gets pushed down again.

The full resistance rejection lesson, video and quiz ›

Other patterns on Chainlink

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

The resistance rejection elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Uniswap · BNB · Cardano · Polkadot · Aave · EUR/JPY

Questions

How often does the resistance rejection work on Chainlink?

In 81 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 53%; 10% went nowhere within 12 candles.

What is the resistance rejection?

Price rose back to a level that stopped it before, and turned down again.