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Crypto · price-structure setup

Resistance rejection on NEAR Protocol

On NEAR Protocol the resistance rejection showed up 63 times. The target came first 29% of the time, the stop 65%, and 6% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily20%50%50%
4-hour911%56%33%
Hourly5233%67%0%

NEAR Protocol against the rest

ChartsFoundTarget firstStop firstWent nowhere
NEAR Protocol6329%65%6%
All Crypto charts2,10636%55%9%
Every market2,88936%56%8%

Year by year

YearFoundTarget firstStop first
2021617%83%
20221533%60%
2023812%62%
20241822%78%
20251155%45%
2026520%60%

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 NEAR Protocol

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

The resistance rejection elsewhere

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

Questions

How often does the resistance rejection work on NEAR Protocol?

In 63 cases on NEAR Protocol, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 65%; 6% went nowhere within 12 candles.

What is the resistance rejection?

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