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Crypto · chart pattern

Falling wedge on Pepe

On Pepe the falling wedge showed up 42 times. The target came first 36% of the time, the stop 52%, and 12% went nowhere within 12 candles.

Counted on Pepe (PEPE/USDT): daily candles from May 2023, 4-hour candles from May 2023 and hourly candles from May 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily250%50%0%
4-hour425%50%25%
Hourly3636%53%11%

Pepe against the rest

ChartsFoundTarget firstStop firstWent nowhere
Pepe4236%52%12%
All Crypto charts1,50034%58%7%
Every market1,99836%58%7%

Year by year

YearFoundTarget firstStop first
2023812%62%
2024933%44%
20251436%64%
20261155%36%

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 Pepe

Inside bar · Doji · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Spinning top · Volume profile bounce · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish 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 Pepe?

In 42 cases on Pepe, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 52%; 12% went nowhere within 12 candles.

What is the falling wedge?

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