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Crypto · chart pattern

Rising wedge on Solana

On Solana the rising wedge showed up 68 times. The target came first 32% of the time, the stop 65%, and 3% went nowhere within 12 candles.

Counted on Solana (SOL/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour2241%59%0%
Hourly4628%67%4%

Solana against the rest

ChartsFoundTarget firstStop firstWent nowhere
Solana6832%65%3%
All Crypto charts1,48741%54%6%
Every market2,17939%56%5%

Year by year

YearFoundTarget firstStop first
20211947%47%
20221225%75%
2023743%57%
20241513%80%
2025650%50%
2026922%78%

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 Solana

Inside bar · Stochastic bearish cross · Stochastic bullish 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 · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave

Questions

How often does the rising wedge work on Solana?

In 68 cases on Solana, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 65%; 3% went nowhere within 12 candles.

What is the rising wedge?

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