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Crypto · price-structure setup

Resistance rejection on Pepe

On Pepe the resistance rejection showed up 57 times. The target came first 26% of the time, the stop 61%, 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
4-hour888%12%0%
Hourly4916%69%14%

Pepe against the rest

ChartsFoundTarget firstStop firstWent nowhere
Pepe5726%61%12%
All Crypto charts2,10636%55%9%
Every market2,88936%56%8%

Year by year

YearFoundTarget firstStop first
2023520%40%
20242223%73%
20251136%64%
20261926%53%

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 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 resistance rejection elsewhere

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

Questions

How often does the resistance rejection work on Pepe?

In 57 cases on Pepe, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 61%; 12% went nowhere within 12 candles.

What is the resistance rejection?

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