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Crypto · chart pattern

Falling wedge on Filecoin

On Filecoin the falling wedge showed up 48 times. The target came first 31% of the time, the stop 56%, and 12% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour757%29%14%
Hourly4127%61%12%

Filecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Filecoin4831%56%12%
All Crypto charts1,50034%58%7%
Every market1,99836%58%7%

Year by year

YearFoundTarget firstStop first
2021933%44%
2022825%75%
2023729%71%
2024838%62%
2025922%56%
2026743%29%

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 Filecoin

Inside bar · Spinning top · Stochastic bearish cross · Stochastic bullish cross · Volume profile rejection · Doji · Volume profile bounce · 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 · Cardano · Polkadot

Questions

How often does the falling wedge work on Filecoin?

In 48 cases on Filecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 56%; 12% went nowhere within 12 candles.

What is the falling wedge?

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