Trading Class

Markets › Pepe › Hammer

Crypto · candlestick pattern

Hammer on Pepe

On Pepe the hammer showed up 153 times. The target came first 31% of the time, the stop 56%, and 13% 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
Daily50%80%20%
4-hour3526%57%17%
Hourly11335%54%12%

Pepe against the rest

ChartsFoundTarget firstStop firstWent nowhere
Pepe15331%56%13%
All Crypto charts9,05029%59%12%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
2023729%71%
20246330%56%
20254933%59%
20263432%47%

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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer 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 hammer elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the hammer work on Pepe?

In 153 cases on Pepe, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 56%; 13% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.