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Crypto · chart pattern

Rising wedge on Optimism

On Optimism the rising wedge showed up 44 times. The target came first 59% of the time, the stop 36%, and 5% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2100%0%0%
4-hour1050%50%0%
Hourly3259%34%6%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism4459%36%5%
All Crypto charts1,48741%54%6%
Every market2,17939%56%5%

Year by year

YearFoundTarget firstStop first
2022580%20%
20231242%58%
20241164%27%
20251267%25%
2026450%50%

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 rising wedge is

Price climbs inside two rising lines that squeeze together, then breaks down.

Imagine running up a path that keeps getting narrower, taking shorter and shorter steps. Sooner or later you slip. A rising wedge is price climbing between two rising lines that squeeze together, and here it slips out of the bottom.

The full rising wedge lesson, video and quiz ›

Other patterns on Optimism

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

The rising wedge elsewhere

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

Questions

How often does the rising wedge work on Optimism?

In 44 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 59% of the time and the stop came first 36%; 5% went nowhere within 12 candles.

What is the rising wedge?

Price climbs inside two rising lines that squeeze together, then breaks down.