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Crypto · chart pattern

Rising wedge on Pepe

On Pepe the rising wedge showed up 28 times. The target came first 36% of the time, the stop 43%, and 21% 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-hour70%43%57%
Hourly2148%43%10%

Pepe against the rest

ChartsFoundTarget firstStop firstWent nowhere
Pepe2836%43%21%
All Crypto charts1,48741%54%6%
Every market2,17939%56%5%

Year by year

YearFoundTarget firstStop first
2023540%40%
2024633%67%
20251338%38%
2026425%25%

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 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 rising wedge elsewhere

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

Questions

How often does the rising wedge work on Pepe?

In 28 cases on Pepe, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 43%; 21% went nowhere within 12 candles.

What is the rising wedge?

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